Financial Sense Newshour
In this week’s first Big Picture topic, Jim discusses "A Bridge to Who Knows Where?", focusing on what the election results and fiscal cliff mean for the stock market and the economy.
In this segment of the Big Picture, Jim discusses how recent steps taken in California are the last straw for many business owners, including a personal story of one man's decision to finally leave the state.
In this week’s Lifetime Income Series, Jim discusses how to prepare for a disaster—with regards to financial planning in retirement and for the real thing. Special guest, Dr. Paul R Williams, author of When All Plans Fail, discusses the ins-and-outs of disaster preparation as he is currently in New York providing disaster relief to numerous areas.
Jim welcomes Ross Hansen, Founder of Northwest Territorial Mint, now America’s largest private mint. Jim and Ross cover a variety of topics, including Ross’ belief that Germany will ultimately opt out of the Euro and go to a gold-back Deutsche Mark. Ross also sees the US on an unsustainable financial path, eventually leading to a dollar collapse. Ross notes that when the music finally stops, you will want to own precious metals.
Jim is pleased to welcome Dave Lauer, a market structure and high-frequency trading consultant to IEX Group. Dave recently testified before the Senate Committee on Banking, Housing and Urban Affairs as to the dangers of high-frequency trading and also suggested potential solutions. Dave’s key points to combat the growing threats to market stability are to level the data-access playing field, reinstate the uptick rule, eliminate the maker-taker business model, and implement a market-wide surveillance system.
Jim welcomes Bud Conrad, Chief Economist for Casey Research. Bud discusses real estate in the economic cycle, and believes it’s now an attractive investment. He also lists where you should have your money now; metals, food, real estate and energy. Bud also talks about what worries him at the moment: rising food prices, Libya and the Middle East, a possible China-Japan conflict, and the massive US budget deficits. Bud and Jim also discuss interest rates, and how they could start rising.
Jim welcomes back energy expert Joe Dancy to discuss how record food prices will likely disrupt energy markets next year, as well as potentially set the stage for more turmoil in the Middle East. Joe also discusses the myth of energy independence in the US and why the energy stocks are the cheapest they’ve been in a decade.
Jim welcomes renowned technician Louise Yamada this week from New York City. Louise advises caution until the significant macro issues (presidential election and fiscal cliff) are resolved and there is more clarity looking out to 2013.
In this week’s Lifetime Income Series, Jim looks at the critical issues of Medicare and Long-Term Care. Jim illustrates many common concerns through a case study: "Mr. and Mrs. Fear- what are you worried about?" Lastly, given the devastating events this week with Super-Storm Sandy on the East Coast, Jim has a follow-up to his recent report on preparedness for natural disasters.
In this week’s first Big Picture topic, Jim discusses "The Wall of Worry - From Crisis to Catalyst." Jim looks at how once a financial crisis is resolved, it becomes a catalyst, and that is how bull markets begin.