This post is mainly a link to a powerful assessment of conventional wisdom about the future of the US and the world economy by Jim Welsh, an investment advisor/economist that has been right more often than wrong.

Jim Welsh of Welsh Money Management has been publishing his monthly investment letter, “The Financial Commentator”, since 1985. His analysis focuses on Federal Reserve monetary policy, and how policy affects the economy and the financial markets.

This newsletter is dense, loaded with statistical data, and won’t be an easy read for the casually interested.  It is worth the time and energy you’ll need, however.  There will be a follow-up to this post that will deal with the Ethics of Advising Investing to Middle America – or something like that.

By Jeffrey Reeves, MA, Master Money for Life Guide, youBEthebank.com, ltd.

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