You Won’t Believe This Incredible Economic Prediction for 2015

Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

“A wise trader never ceases to study general conditions.” — Jesse Livermore

Every July at FreedomFest, we bring in the best forecasters in the business to tell us what to expect in the next year. For example, in 2007, right before the financial crisis, three of our top speakers — Peter Schiff, Bert Dohmen and Professor Fred Foldvary — predicted a collapse in the real estate market and subsequent bear market. All three wrote books on the crisis — before it happened.

But not all our economists are doom-and-gloomers. Last year, Joel Stern, professor of finance at Columbia, Carnegie-Mellon, the University of Cape Town and three other major universities, shocked our audience by predicting 4% real economic growth and a new high on Wall Street this year. And his overly optimistic forecast proved to be right.

What’s Professor Stern predicting now? He is coming to FreedomFest next year with a unique perspective. He practically lives in a 747, lecturing and teaching at major universities in the United States, Latin America, Africa and Asia. He is also a practical economist, having invented Economic Value Added (EVA), the fourth financial statement used by major corporations, including Coca-Cola and Whole Foods Market.

What’s his prediction? You won’t believe it: “The United States is going to have a robust 2015,” he says. He expects real economic growth between 3.8% and 4.5%. Most shockingly, he firmly believes that employment is “going to explode,” with new job creation of 300,000 or more a month (4 million for 2015), and the unemployment rate dropping to 5%. Millions will come back into the workforce as demand for labor rises sharply. Despite ObamaCare, Dodd-Frank and the re-regulation of the economy, American ingenuity will finally adjust and demand for workers will rise dramatically to get the job done.

Exclusive  Bond Prices Inch Up on Weak Housing Data

What about interest rates? They will rise — sharply — with the long-term rates rising to over 4%!

This may cause the stock market to “correct” but it won’t be the end of the bull market.

Professor Stern is not so bullish on the rest of the globe — he’s bearish on Europe, South Africa and China, but quite positive about India.

I urge you to meet and hear Joel Stern in person at FreedomFest, July 8-11, 2015, at Planet Hollywood, Las Vegas. He will be on our Global Outlook Panel with Steve Forbes, Keith Fitz-Gerald (editor of the hot Money Map Report) and Barbara Kohm (Europe), with Roberto Salinas (Mexico) as moderator. We have a full three-day investment conference in addition to sessions on geo-politics, philosophy, history, healthy living (with John Mackey, CEO of Whole Foods Market), etc.

Professor Stern is a big supporter of FreedomFest and attends every year.

“I do not think I have a single adjective to describe how truly monumental FreedomFest was,” he wrote me. “You had people from such varieties in background it is hard to imagine anything like this happening with any other organization.” He will be there all three days, ready and willing to consult with attendees. Only at FreedomFest!

ALERT: “Early bird” discount at FreedomFest ends this week! Sign up here. As Keith Fitz-Gerald, editor of the hot Money Map Report, says, “You MUST attend this conference and the historic Krugman-Moore debate! I’ll be there all three days!”

O Early-bird Discount Ends this weekend! Get $100 off per person/$200 per couple with the “early bird” discount at next year’s FreedomFest, July 8-11, 2015 at Planet Hollywood. We’re putting together our Dream Team of business leaders, including Steve Wynn, Steve Forbes, John Mackey (CEO, Whole Foods Market) and billionaire Peter Thiel. Plus, listen to our team of financial gurus such as Keith Fitz-Gerald (Money Map Report), Alexander Green (Oxford Club), Donald Smith (top New York hedge fund manager), Adrian Day and Mary Anne and Pamela Aden, among many others. Our team of political analysts includes Grover Norquist, Dinesh D’Souza, Michael Medved and Charles Murray. Plus, watch our Dream Debate of the Century, Paul Krugman vs. Steve Moore! Sign up at www.freedomfest.com, or call Valerie Durham, our new conference director, at our new toll-free number 1-855-850-FREE (3733). You also can email her at valerie@freedomfest.com. Talk to your family and friends during the holidays about coming to FreedomFest next year. It will change your life.

Exclusive  U.S. Consumer Buying the Economic Recovery

You Blew It! Is Austrian Economics for Anarchists?

“Austrian economics after all is anarcho-capitalist economics.” — Jeff Berwick, The Dollar Vigilante

Jeff, you need to read more works of Friedrich Hayek and Ludwig von Mises if you think Austrian economics is anarcho-capitalism. Both Hayek and Mises were classical liberals who saw a vital, albeit limited, role for the state. For example, read Hayek’s “The Constitution of Liberty,” which advocates a basic welfare system for the needy.

It was the American writer Murray Rothbard who was the first major Austrian-style economist to advocate anarcho-capitalism (see his book “For a New Liberty”). Please, let’s not try to rewrite history.

Of course, there is no doubt that Austrian economics is appealing to anarcho-capitalists like Jeff Berwick, Doug Casey and Jeff Tucker. Other schools, such as Keynesian, Marxist and even Chicago (Milton Friedman), require a higher level of state intervention. Austrian economics emphasizes laissez faire (“leave us alone”), decentralization and individualism.

But at the same time, Austrian economics offers insights that all economists can take advantage of.

In case you missed it, I encourage you to read my e-letter column from last week about my television appearance advocating gross output. I also invite you to comment in the space provided below.

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

The Santa Claus rally petered out early this year, as global stock markets flat-lined over the past week. Nearly every position in your Alpha Investor Letter portfolio moved less than 1%. The Dow Jones was down 0.23%, the S&P 500 fell 0.09% and the NASDAQ jumped 0.25%. The MCSI Emerging Markets Index was the star of the week, and it ended up a mere 0.62%. The biggest gainer in your portfolio was the Vanguard Russell 2000 Index ETF (VTWO), which rose 0.74%. Both th

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE