Business Game Changers Radio with Sarah Westall: 1/5 of World Wide Wealth is Gone - Blame it on Geopolitics and China says Irvin Goldman

Global markets have lost 16 trillion since last June and markets around the world are falling. Investors are very nervous about their portfolios and the concern is justified. There are many uncertainties in the world and the market is reflecting the current realities. The Royal Bank of Scotland went as far as telling its clients that 2016 will be a “cataclysmic year… oil could reach $16 and stocks will be falling by 20% or more” and that people should “sell everything except high quality bonds”. Others, such as Market Watch claim this market is giving you “great opportunity” and they go as far as having cartoon after cartoon making fun of the panic in an attempt to shame folks out of selling. With such extremes out there, how do you know what to do in this very confusing time? 

This week I bring back Wall Street insider Irvin Goldman, past CEO of Canter Fitzgerald and past Head of Corporate Strategy for JPMorgan Chase, to help us understand where the turmoil is and what we should be looking at. According to Goldman, their are many uncertainties in the market and folks need to be careful. He blames most of the issues on the brewing geopolitical issues and the downturn in China. We discuss the low level of trust that is out there and how this has been fueled by high levels of fraud on Wall Street, the break down of trust in our government and the Mass media. Without the doom and gloom or the blind exuberance, he gives detailed information on what he sees happening in China and how that is affecting the markets. Its an educational discussion on the markets and the state of our society that you won’t find anywhere in the mass media. 

You can learn more about Irvin Goldman on his company website: www.validityholdings.com