Landmark Capital CEO, David Fischer visits with Kevin McCullough for their weekly Money Monday segment. This week they discuss China making moves to be the global currency for oil by purchasing Saudi Aramco stock, when a possible market correction will occur, and what markets will be affected by the Fed hiking interest rates.
What China Purchasing Saudi Aramco Stock Will Mean for Global Currency
Listen to “The Kevin McCullough Show – China Moving to Buy Stock in Saudi Aramco” on Spreaker.
Show Notes:
– David appears @ 38:05 on the show.
– In a continuing effort to convert the Yuan into the world’s oil reserve currency, China is looking to buy stock this week into Saudi oil company Saudi Aramco.
– IMF is saying debt is out of control in spite of a continuing expanding market. David warns the higher the market goes, the worse the inevitable correction could be.
– Markets that will be most affected are the bond and pension markets (since most pensions rely on bonds). He thinks the real estate market will be ok since it doesn’t seem to be overvalued like in 2008.
