Financial Sense Newshour
Jim welcomes back renowned technician Ralph Acampora this week. Ralph is optimistic we’ve begun a long-term secular bull market in stocks, but expects a 5-10% correction in the short-term. He sees the correction as another good buying opportunity.
In this week’s first Big Picture topic, Jim looks at the current “Kabuki Theatre” debate playing out in Washington DC over threats of sequestration and the resultant “dire” consequences for the nation.
In this segment, Jim looks at two more Big Picture topics. In the first, “Limits to Growth and the New Normal” Jim discusses the Petro-Business Cycle, and how we are seeing anemic economic growth, little response to QE, and the future...
Jim welcomes back Michael Kantrowitz CFA, Director, Portfolio Strategy & Quantitative Research at Wolfe Trahan in New York. Michael sees the inflationary set-up as the big difference between 2012 and 2013. He expects record high gas prices by May, and sees Chinese economic growth leading to more inflation for US consumers. He mentions a steady stream of early signs of inflation. Michael discusses investing in areas that will benefit from massive central bank stimulation: energy, materials, industrials and technology.
Jim welcomes back Kurt Wulff CFA, Independent Energy Analyst at McDep LLC. Kurt discusses how Canadian energy stocks are at attractive valuations currently. Kurt and Jim also discuss the “war” between rail and pipelines in the transportation of oil and gas, and how pipelines are the much cheaper alternative. Kurt sees natural gas as a long term growth story and, also discusses how he would diversify an energy portfolio.
Jim welcomes Daniel Amerman CFA. Daniel discusses what he terms a false dichotomy between those in the “Mainstream” camp, and “Gloom and Doomers”. He sees a future investing reality where neither the old economy will repeat itself, nor will there be an economic collapse. Dan sees a future economy under the increasing control of the government. He believes there will be a “third path” of a blended economy that shifts a little more each year from being dominated by free markets, to being dominated by the State. Daniel notes this pattern has played out in many nations over many centuries. If his vison of the new status quo plays out, future investment results are unlikely to be what either Mainstreamers or Doomers expect.
In this week’s edition of The Lifetime Income Series, Jim looks at the issue of reverse mortgages. Jim and Cathlyn discuss the reasons why reverse mortgages come into play, and the unfortunate realities for those who don’t save enough.
Jim Rickards, Pentagon advisor, investment banker and author of the famous book, Currency Wars, speaks with Jim Puplava on the Financial Sense Newshour to discuss the new age of global financial warfare and its potential outcome on savers and investors around the world.
Jim is pleased to welcome noted technician Tom McClellan this week. Tom sees a correction coming to the market, but it will likely feel bigger. He expects it to be fast, and should last only a few weeks. Tom sees the markets looking for “event risk” as a reason to correct. He also believes we are heading back into the “risk-off” trade, which should mean a stronger dollar. In addition, Ryan Puplava wraps up this week in the markets, Erik Townsend discusses commodities, and Rob Bernard has the Fixed Income Report.
In this week’s Big Picture, Jim looks at how the world seems to be currently divided into black or white groups, either “Gloom & Doom” or “Happy Days Are Here Again”. Jim argues that most of the time in recent history the reality is neither black nor white, but instead various shades of grey.