Here's why bull market in stocks and economic expansion guaranteed for next 20 years

There's only one statistic that you need to know to in order to understand what the outlook is for the economy and the stock market for the next 20 years and it's not how big the deficit is,

It's the fact that for the next 20 years 10,000 baby-boomers PER DAY will be retiring and becoming eligible to receive Social Security, Medicare and Medicaid.

Those problems are already 42% of annual Federal spending. ($1.8 trillion out of $4.3 trillion.) However, they're just going to continue to grow and grow and grow for the next 20 years.

You know what that is? It's government guaranteed income support. Just like what they're proposing in Switzerland only maybe half. Still, it's something and in the aggregate, when you consider the numbers--tens of millions of people--it's a massive and ongoing fiscal transfer to the economy.

This is why this recovery has lasted longer without a recession than anyone predicted (other than us, here). And it's why stocks keep going up.

With those kind of guaranteed flows the companies in the S&P 500 can ALWAYS squeeze out their trillion and a half or trillion eight of earnings.

Bull market...next 20 years.

Druckenmiller, another billionaire hedge fund guy who knows jack shit, just gave you the green light to buy stocks

Another guy who's probably more luck than smart. Yeah, he's a billionaire, don't ask me how. This is the guy who was screaming, for years, that we were going to get hyperinflation because of "money printing by the Fed." And he runs some organization reduce America's debt. Another dangerous, educated, fool.

Well, he's back now saying the bull market has "exhausted itself."

Listen...

“I have argued that the myopic policymakers have no end game,” Druckenmiller said. "They stumble from one short-term fiscal or monetary stimulus to the next despite overwhelming evidence that they only produce a sugar high and grow unproductive debt that impedes long-term growth. Moreover, the continued decline of global growth despite unprecedented stimulus the past decade suggest we have borrowed so much from our future and for so long that the chickens are now coming home to roost."

Stumble. Sugar high. Chickens coming home to roost.

Jesus. WTF????

Why? Because it's 3% from an all-time record high?

He blames it on a "radical monetary experiment."

And what is his brilliant investment idea? Buy gold of course.

This is a 100% green light to buy stocks. We can all laugh and look back on this moron's "call" in six months.

Buy stocks. Fade the idiots.

#Fadetheidiots