The Weekly Perspective with David Morgan 07.07.17

Wall Street On Parade says that the financial security of the USA rests upon just 5 mega-banks. Yellen says she doesn’t believe there will be another financial crisis in her lifetime. In fact, the facts show just the opposite. These 5 banks hold the future of the country in their hands. The situation is very similar to 2007. International shipping says that shipping giant Maersk could lose hundreds of millions due to last week’s cyber attack. $435 million in revenues could be affected. Newsmax says don’t count on pension plans for your retirement. Public servants will get the short end of this situation. Illinois is just one example. It’s not just state governments, local, county and others. You can’t put all your eggs in one basket. You need to diversify. The closer you get to retirement the less risk you can afford to take. 

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