Central Bankers Unable to Fight Off the Next Big Recession

January 18, 2019

Unlike the 2008 Financial Crisis – when central banks slashed interest rates and spent trillions on bonds as part of an effort to spur growth – the world’s central banks might not be able to fight the next recession.

Take a look at the International Monetary Fund and the World Bank which have cut their growth forecasts for 2019.

Kenneth Rogoff, a professor at Harvard University and former chief economist at the International Monetary Fund said, “If we have a recession, I think it’s going to be worse than normal. It will be more difficult to respond.”

Experts also warn that US interest rate hikes, trade conflicts and geopolitical risks could cause more instability.

Remember when central banks collected trillions of dollars worth of bonds after the crisis to support growth – also known as quantitative easing – well, if another recession occurs, QE is unlikely to give much aid, again.

Mohamed El-Erian, the chief economic adviser at Allianz, said quantitative easing would “likely be less effective in promoting sustainable growth.”

So what can you do to protect your retirement funds from another recession?

With many economists warning of a recession, it’s time to safekeep your retirement money from the hands of slimy politicians who will reach for your pockets when the next recession occurs.

However, it’s not time to panic.

I have the solution that will protect your retirement money from an economic downturn.

Just call this phone number: (888) 394-6116

I promise you won’t regret calling. Fightoff


Doc wellington

Retirement Insider