Financial Sense Newshour
In this week’s Lifetime Income Series edition, Jim focuses on the younger worker with many years to retirement and hoping to retire comfortably. Jim looks at ways that the younger person can plan now and use the advantages of time to build a sizable retirement nest egg. In the second segment, "From Gloom to Boom: Avoiding the investment bunker-mentality," Jim urges investors not to panic, and totally reorient their investments based only on fear and uncertainty.
Jim welcomes back Russell Napier, consultant with CLSA Asia-Pacific Markets. Russell sees bank credit contracting, and a dearth of borrowers globally. He also notes a weakening in money-supply growth among the emerging market countries, and money exiting China as labor costs rise dramatically. Russell believes the days of China funding the US budget deficits are over, and that the environment of "financial repression" will last for decades.
Jim welcomes back Dr. Peter Warburton, Director at Economic Perspectives Ltd. in London. Dr. Warburton offers nine compelling arguments for higher inflation coming our way. He sees global markets becoming more oligopolistic, leading to more concentration of production and higher prices. Dr. Warburton predicts the future will likely hold an agonizing cycle of false hopes and disappointments, which will repeat until the cycle ultimately triggers an uncontrollable inflation.
Jim welcomes back Jeffrey Christian, founder of the CPM Group in New York. Jeff notes that gold coin sales are down 42% year-to-date, and silver coins sales are down 22% YTD. Despite this, Jeff sees shrewd investors continuing to buy on dips, and central banks continuing to buy gold bullion. Hedge fund billionaire John Paulson continues to increase his gold and gold stock holdings. Jeff expects the performance of the gold stock sector to improve going forward.
Jim welcomes back Evelyn Browning Garriss, editor of The Browning Newsletter. Evelyn discusses how the El Niño weather pattern has returned; the only question is how strong it will be. She sees warmer and wetter weather for the US this winter, cold weather for Europe and...
Jim welcomes Shelley Moen CMT, Senior Market Strategist at Vermilion Technical Research, LLC to the program. Shelley notes that time heals all things and the financial and housing sectors are improving.
In the first segment of this week’s Big Picture, Jim delves into "The magnitude of the mess we’re in." Jim looks at the problems the nation is facing and how the media is mostly refusing to...
In this segment, Jim starts it off speaking with John Williams of Shadow Government Statistics on the unemployment numbers released Friday. John explains why the numbers are highly questionable. Next, Jim looks at a new study just released by The Tax Policy Center, "Toppling Off The Fiscal Cliff−Whose Taxes Rise and How Much" that looks at the tax impact starting next year. The next Big Picture topic is "New taxes on the sale of your home−facts versus rumors." This refers to the Medicare surtax of 3.8% that adds on to the sales cost of real estate, given that you are in a higher income category. Jim also answers the rest of this week’s Q-Calls in this segment.
In this week’s edition of the Lifetime Income Series, Jim concludes his case study on Carl and Tish Springer, and shows how they were able to successfully deal with a sudden early retirement for which they had not planned.
Jim welcomes back Douglas Noland, Senior Portfolio Manager at Federated Investors Inc. in Boston. Doug believes the central banking system has created a giant Ponzi-finance monster. The Ponzi-finance sequence begins with massive credit creation, which leads to increased consumption, which produces asset inflation, and finally the inevitable bust. If this central banking policy finally causes a severe breakdown in the US dollar, then Doug sees hyperinflation coming soon thereafter.