In many countries, including the U.S., debt to GDP is quickly approaching 100%. Many others, like Italy at 130% and Japan at 250%…they’re just broke. These debts make having normalized rates almost unattainable now because government can’t afford the interest payments on the debt. This week the publisher of the newsletter “addicted to Profits”, David Skarica joins your host Dennis Tubbergen on the Retirement Lifestyle Advocates Radio Show to discuss world debt, economic trends, and his predictions for a recession in 2020.
David Skarica is the founder and Editor of Addicted to Profits, a popular newsletter known for its stellar performance in both up and down markets. Skarica entered the financial markets at a very young age and, at the age of eighteen, became the youngest person on record to pass the Canadian Securities Course. He is a regular speaker at trade and investment conferences in Canada and is a regular guest on the Business News Network (BNN), Canada’s flagship business broadcasting network.
To learn more about Retirement Lifestyle Advocates, please visit our website at www.RetirementLifestyleAdvocates.com. To learn more about David Skarica, please visit http://addictedtoprofits.net and to take advantage of David’s offer to donate to hurricane relief in the Bahama’s please visit www.gofundme.com/f/headknowles-emergency-funds.