I’ve just posted Part 1 of my Special Report on Investing in a Late Cycle Market on my JubakAM.com subscription site. This was originally going to be just a one-part Special Report. And then two. Now I’m hoping to hold it to three with Part 2 posted tomorrow and Part 3 on Monday.
Today’s post is largely devoted to explaining the important difference between the “business cycle” and the “credit cycle” and arguing that right now at least the credit cycle is much more important to the financial markets. Looking around at rising default rates in debt markets–for credit cards for example–and at the looming debt crisis in emerging economies that, once again, became hooked on cheap, dollar-denominated debt the debt markets look like their marching toward another “Minsky Moment,” the kind of crisis that we lived through not that long ago in 2007-2008 and before that in 1999-2000.
Tomorrow’s post will look at why the current market disease is so contagious. Part 3 will focus on solutions–portfolio allocation shifts, best asset bets, ETFs, and stock picks.
I think understanding where we are in the credit cycle and how to invest in a late cycle market is just about the most important thing for an investor to do right now. That’s why I called this report the most important thing you’ll read as an investor this year.
For the next 10 trading days I’m offering you a chance to subscribe to my premium JubakAM.com website at 20% off for the first year and get access to my Special Report “Investing in a Late Cycle Market”
You received an email with that offer this morning. I’ll repeat that offer in your mail box again in the next few days.
I hope you’ll join me as a subscriber; I think you’ll find this now three-part Special Report on Investing in a Late Cycle Market useful for protecting your portfolio–and maybe even making a profit during what has all the trappings of a very difficult market.
