GoldSeek Radio Nugget: Laurence J. Kotlikoff
Professor Laurence Kotlikoff & Chris Waltzek Ph.D. - May 21st, 2019.
Highlights
Professor Laurence Kotlikoff, from Kotlikoff.net and author of the FREE book: You're Hired!Our guest created a new program to assist investors with retirement via a scientific method, MAXIFI.Maxifi is top rated and efficient personal-financial planning software that identifies the optimal portfolio.The proprietary algorithm runs 500 Monte Carlo simulations per client over a 70 year period using their utility function.Dr. Kotlikoff shares his unique perspective on the 2008-2009 Great Recession.He notes situation was panic fomented by short-sellers who says benefited financially from sharp market price declines.MAXIFI is a fail-proof financial system, curtailing leverage to nearly zero w/ mutual-fund based investments.It shields investors from individual security risk, spreading the probability of total loss among diverse asset classes.Dr. Kotlikoff suggests that Senator, Professor Elizabeth Warren champion this economic proposal.Dr. Warren proposes research efforts to protect investors from similar financial crises.Dr. Kotlikoff calculates the National Debt at $240 trillion in total US debt / financial obligations, about 12 times the annual domestic GDP.Professor Laurence Kotlikoff, from Kotlikoff.net and author of the FREE book: You're Hired! created a new program to assist investors with retirement via a scientific method, MAXIFI rated and efficient personal-financial planning software that identifies the best portfolio melange for optimal expected returns and living standards, via a proprietary algorithm running 500 Monte Carlo simulations per client over a 70 year period using their utility function. Dr. Kotlikoff shares his unique perspective on the 2008-2009 Great Recession, noting the situation was panic fomented by short-sellers who says benefited financially from sharp market price declines via heavy financial leverage and speculative financial products. He suggests building a fail-proof financial system, curtailing leverage to nearly zero while implementing a mutual-fund based investment system that protects investors from individual security risk, spreading the probability of total loss among diverse asset classes. Dr. Kotlikoff suggests that Senator, Professor Elizabeth Warren champion this economic proposal, given her research efforts to protect investors from similar financial crises. Plus, our guest calculates the National Debt at $240 trillion in total US debt / financial obligations, about 12 times the annual domestic GDP.