Financial Sense Newshour
Jim’s first Big Picture topic this week is “Be Prepared – Rate hikes are coming”. Jim looks at Fed Chair Janet Yellen’s recent statements that hint that rates hikes could come sooner than expected. Jim asks why would the Fed consider rate hikes when the economy is not very robust.
Jim welcomes back Richard Dickson, Chief Market Analyst at Lowry Research. Richard discusses the chances of a 10%+ correction in the market, as well as current levels of buying demand and selling pressure. He still sees no signs of a major top in the market.
Jim welcomes back Ned Schmidt CFA, Publisher of The Value View Gold & The Agri-Food Value View Reports at Schmidt Management Company. Jim and Ned discuss the gold market, which Ned believes has bottomed.
Jim welcomes back Jeffrey Saut, Chief Investment Strategist at Raymond James Financial. Jeff and Jim discuss the likelihood and timing of the long-anticipated market correction. Even if it should occur, Jeff believes the long term bull market is still firmly intact.
Jim welcomes back Marc Chandler, author and Global Head of Currency Strategy at Brown Brothers Harriman. Marc and Jim discuss the dominance of the dollar as a global currency and the reasons why it is unlikely to collapse or be replaced by an alternative currency.
Jim welcomes back Satyajit Das, author, journalist and commentator at EconoMonitor.com. Das discusses the European banking crisis, and asserts that the crisis hasn’t gone away and that the European Central Bank is currently engaged in a further tactical bluff in the long European poker game.
This week Jim and Cathlyn discuss asset protection, prior to and during retirement. With people living longer in retirement, medical expenses steadily rising, and interest rates at historic lows, protecting one’s nest egg has never been more important. They discuss one the simplest methods of asset protection, which is frequently...
Jim’s first Big Picture topic this week is “Creative Destruction - How technology is changing the economy and our lives”. Jim explains the economic theory of creative destruction, and how the process revolutionizes the economic structure from within, destroying old companies and ideas, and creating new ones.
Jim welcomes back John Kosar CMT, Director of Research at Asbury Research LLC. John sees the odds favoring a correction in the third quarter and advises to have a plan in place to take advantage of any corrections. John also notes that the market will be more vulnerable to mishaps after the Fed taper ends later this year.
Jim welcomes back Ronald Stoeferle CMT, CFTe, Managing Director at Incrementum AG to discuss his eighth annual “In Gold We Trust” report. Ronald likes the fact that the consensus considers the gold bull market over. Gold is now a contrarian investment.