Christopher Casey: What Happens To Markets After Brexit?

Jason Burack of Wall St for Main St interviewed first time guest, Managing Director of Wind Rock Wealth Management http://windrockwealth.com/, Christopher Casey. During this 30+ minute interview, Jason starts off by asking Chris about Brexit and if he thinks it's good for freedom? Chris says it's too early to tell but that UK politicians, bureaucrats, central planners and Bank of England central bankers are good at screwing things up in the UK economy without help from the European Union (EU). Jason and Chris talk about whether the economic and political elites expected the Brexit vote to turn out the way it did. Next, Jason asks Chris how he found the Austrian School of Economics and why he likes it? Chris talks about his background learning economics, reading books about economics and how after reading Milton Friedman he found a book from Mark Skousen called, Economics on Trial. Jason and Chris discuss Austrian School Economics and why it's good to learn and discuss Murray Rothbard's book about the 1929 Great Depression. Next, Jason asks Chris about stock market valuations and if it's likely there's a potential stock market crash in the next 6-12 months? Chris says there's a high probability of a crash during that time period because valuations, especially using price to revenues, are at all time highs. Jason then asks Chris about the rally in oil in 2016 and if it's sustainable? To wrap up the interview, Jason asks Chris about precious metals, the importance of diversification in one's investment portfolio and whether as a money manager for clients he is worried about counter party risk and bail ins with potential bank failures on the horizon?