Karl Denninger joins your host Dennis Tubbergen on this week’s Retirement Lifestyle Advocates radio show. Denninger expressed skepticism about the recent healthy jobs report, noting that many of the jobs added were in healthcare and government, sectors that add cost to living but not necessarily betterment. He also pointed out that employment in sectors that benefit everyone, such as mining, manufacturing, and transportation, remained flat. Denninger predicted that the Federal Reserve would likely raise rates, and he expressed concern about the increasing credit card debt and low personal savings rate.
Mr. Karl Denninger is an American technology businessman, finance blogger, author, and political activist, sometimes referred to as a founding member of the Tea Party movement. Mr. Denninger is the author of the book Leverage: How Cheap Money Will Destroy the World. In the book, Denninger presents an inside look at how moneyed and powerful interests debase the dollar through the willful and intentional failure to honestly represent short and long-term mathematical truths that underlie all economic systems.
For information about Karl Denninger please visit www.Market-Ticker.org. For more information about Retirement Lifestyle Advocates, please visit www.RetirementLifestyleAdvocates.com.
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