When economies started shutting down in various parts of the world we all knew that the economic numbers would be bad. How could they not be? We are just now getting some measure of the initial damage in terms of unemployment, business activity, and earnings.

For some longer-term perspective on the economic and financial damage we are experiencing and some investment guidance I reached out to a trusted source for some advice. Nick Sargen, now Senior Economic Advisor at Fort Washington Investment Advisors, who has 50 years of experience as an international economist and global money manager. He is also the author of two timely books, Global Shocks: An Investment Guide for Turbulent Markets and Investing in the Trump Era: How Economic Policies Impact Financial Markets. 

A student of financial crises, Nick’s thoughtful and knowledgeable assessment of the state of the economy and markets and his advice for investors is definitely worth hearing. 

WEALTHTRACK #1642 published on April 17, 2020

More info: https://wealthtrack.com/expect-more-economic-market-damage-as-pandemic-repercussions-multiply-says-investment-veteran/