Market Focus: Global/International
- May 23 Are Covert Operations Underway in the Global Currency Wars? by John Butler
- May 22 Asian Gold Premiums Hit New Highs as Europe Urged to Start Aggressive QE by Adrian Ash
- May 22 Headed for Euphoria by Sober Look
- May 22 Abenomics in Review: Yen, Inflation, Exports, Imports by Michael Shedlock
- May 21 Hot Money, Cold Credit by Steve Hanke
- May 20 Trade Policy and Economic Decline by JR Nyquist
- May 20 Positive Outlook Change for Chinese Stocks Could Have Bullish Implications for Commodities by Ryan Puplava CMT
- May 20 All Japan, All the Time by John Mauldin
- May 17 When Central Banks Buy Stocks by Clif Droke
- May 17 Why Japan Is Bad for the World by James Gruber
- May 16 Rick Santelli: Europe Is Baking Rotten Cookies by FS Staff
- May 16 Brussels Puts Spain Under Surveillance by Michael Shedlock
- May 16 Putin’s Power Play - How It Will Change the Uranium Sector by Casey Research
- May 15 Is Peak Oil to Blame for Riots in Syria? by FS Staff
- May 15 JGB Yields Spike in Spite of all the BOJ Bond Buying by Sober Look
Michelle Caruso-Cabrera: Cyprus Was Treated Unfairly by the Euro Powers
Jim is pleased to welcome back Michelle Caruso-Cabrera, an award-winning financial television journalist working for CNBC. Michelle and Jim discuss her on-the-ground reporting from Cyprus during its financial crisis. She believes Cyprus was treated unfairly by the European powers, and didn’t receive the same treatment as Greece, which was kept afloat with massive bailouts. Michelle notes that Cyprus runs on its banking system, and Cyprus was treated as an off-shore tax haven, not a sovereign country. She also points out that Cyprus did not cut government spending, but raised taxes instead. Michelle also discusses the European economy and the chances of the Euro surviving longer term.
Joseph Dancy: Global Demand For Oil Is Growing Relentlessly
Jim welcomes Joseph Dancy, Manager LSGI Venture Fund, and Professor at SMU Cox School of Business in Texas. Joe sees a discrepancy between energy company performance and share prices, as most major oil producers have underperformed the S&P 500 Index. Joe notes that the global demand for oil is rising relentlessly through industrialization and growth in China, India and other developing nations. With record oil company revenues and growing global demand likely to continue, Joe sees a much more positive performance for the energy sector looking ahead.
Martin Armstrong: Washington Is Broke and Looking at More Ways to Tax Americans
Jim welcomes back Martin Armstrong of Armstrong Economics. Martin and Jim cover many important topics, including Washington’s need for more revenue, the future of the European Union, the current outlook for gold, the Cyprus banking situation, the pension system in the US, and how Congress is working hard to exempt itself from Obamacare. Martin also touches on economic trouble brewing in Europe, Japan and Argentina. As to the banking system, Martin advises to avoid large banks involved in proprietary trading and stay with the regional banks.
Neil Irwin – The Alchemists: Three Central Bankers and a World on Fire
Jim welcomes author and Washington Post columnist Neil Irwin to discuss his new book, “The Alchemists: Three Central Bankers and a World on Fire”. The book focuses on the world’s most powerful men never elected to public office; Ben Bernanke of the Federal Reserve, Mervyn King of the Bank of England, and Jean-Claude Trichet of the European Central Bank. Mr. Irwin initially looks at the origins of central banking and then takes the reader into the Great Financial Crisis and its aftermath with the story of these three men and the extraordinary power they have over our collective fate, and that of the global economy.