Former Fed President: All My Very Rich Friends Are Holding A Lot Of Cash

If you put together a list of the world’s most brilliant, most famous investment experts… they were all at John Mauldin’s Strategic Investment Conference last month.

My head is still spinning with all the information and investment ideas I heard at the conference, but the consensus among the majority of speakers was that things are going to get ugly.

Lacy Hunt, David Rosenberg, Neil Howe, Jim Grant, Mark Yusko, Gary Shilling, and even John Mauldin (watch video interviews with these speakers on Mauldin Economics’ Youtube channel) painted a very pessimistic picture for the stock market—but the most alarming comment came from Richard Fisher.