Ken Fisher: The Next Decade Will Be 'Just Be As Good As The 1990s' For Investors

bloomberg.com:

Sept. 28 (Bloomberg) -- The next decade will be as good for investors as the 1990s, said Ken Fisher, the billionaire chief executive officer of Fisher Investments Inc., dismissing notions that developed economies face below-average growth.

Fisher said the concept of a "new normal" is "idiotic," pitting him against money managers including Mohamed El-Erian, the CEO of Pacific Investment Management Co., which coined the term to describe a world of high unemployment, more regulation, and the shrinking importance of the U.S. in the global economy.

Read the whole story: bloomberg.com

Comments

[NWBrunette]

11:49 PM on 09/30/2010

Unquestionably. Anyone with a decent steady job and a little extra to put away is going to make out big time. There are scads of great opportunities for folks who are able. For the rest us, well good luck.

[nopilikia]

10:57 PM on 09/30/2010

Great for the billionaire's....... for the thousandaire's...........not so much.

[studmoose]

03:40 AM on 09/30/2010

Is he telegraphing something...

Like the FIX is in and he knows it!

[John Kelley]

01:08 AM on 09/30/2010

Check out this article and ask yourself how wise was it to ship our manufacturing base overseas:

http://www.businessweek.com/news/2010-09-29/pentagon-losing-control-of-bombs-to-china-s-monopoly.html

The future is not that bright, and we can thank corporate greed and unthoughtful free market advocacy for disarming us. Way to go!

[nopilikia]

11:09 PM on 09/30/2010

There are no free markets currently operating in America. If there were.......all the Bailout Bankers and AIG would be no more........and America could have used all those bailout bucks to help Main Street.

[frank day]

11:13 PM on 09/29/2010

Everyone should pull their money out of Wall Street and invest it in local businesses and local banking institutions.
Its the only way we'll stop them from getting all of it.

[frank day]

11:09 PM on 09/29/2010

"Forcing China to raise the value of its currency may create 500,000 U.S. jobs, according to C. Fred Bergsten, director of the Peterson Institute for International Economics in Washington"

How is it bashing China to demand fair trade.

I'm sure if you're a billionaire investor the future looks peachy keen.

[John Kelley]

10:51 PM on 09/29/2010

As clearly stated in the article, only investors, and not necessarily US investors, will benefit. Many US workers don't have enough income to invest, because wages have stagenated over the recent decades. Without wages increasing there is an ever shrinking amount of disposable income available for investment and for consumers to buy products. Because the US economy is driven by consumerism, that would seem to reveal a fundamental flaw in glowing predictions of future US economic growth.

[RunningBecky]

10:49 PM on 09/29/2010

Well give credit where credit is due. It is ALWAYS a good decade when you a billionaire invester in a system guarenteed to make you richer and richer regardless of what's happening..
As for the rest of us? Well, he may say that the concept of a "new normal" is "idiotic" but I don't think the real world is really his expertise. Huggs Becky

[SaneThoughts]

10:01 PM on 09/29/2010

If the next decade will be better it will not because we embraced more supply side nonsense. Going green will spur major growth and lead to something better. Stopping corporations from outsourcing to another country will return work to Americans. Education needs to be made a priority. Cooperation not competition will return America to a more moral humane state. We need to look at business models that work towards solutions and not schemes to steal money from citizens. Just sayin...

[Rayme]

10:06 PM on 09/30/2010

Sounds socialistic, that's been tried and failed.

[Duppy]

08:16 PM on 09/29/2010

If Obama is anti business, why is the stock market going up ?

[Longtimeliberal]

06:48 PM on 09/29/2010

Finally someone telling the truth.

[Dr Phibes]

06:09 PM on 09/29/2010

So here is a guy who has figured out what the next bubble is going to be.

[Rayme]

10:06 PM on 09/30/2010

Treasury bonds?

[guveqzero]

05:24 PM on 09/29/2010

What a slap in the face. TARP saved the wealthy, and now they see another 10 years of drawing the remaining wealth from US citizens. Yes, they will do well; but, the US has no future if they are not reigned in.

[frank day]

11:11 PM on 09/29/2010

Its a kick in the backside is what it is.
We need to demand FAIR TRADE that benefits both nations, not just billionaires.

[TexasDem0]

04:35 PM on 09/29/2010

How deeply comforting to know that the next decade will be good for investors.
What about those of us who have to work for our money?

[floodmfx]

04:23 PM on 09/29/2010

They will say anything to get people investing in Wall St again.

Don't go back to trusting these people with your money -
they do not have your best interests at heart.