Market Focus: Storm Watch
- May 16 Brussels Puts Spain Under Surveillance by Michael Shedlock
- May 15 The Brewing Generational Conflict by Charles Hugh Smith
- May 15 Is Peak Oil to Blame for Riots in Syria? by FS Staff
- May 15 Vultures Begin to Circle on Canadian Housing Downside by Danielle Park
- May 14 Social Mood Darkens in Europe by Michael Shedlock
- May 13 Hypocrisy and Capitalism by JR Nyquist
- May 10 The Obama Administration’s Natural Gas Policy Is Tragically Misguided by Chris Martenson PhD
- May 10 Steve Forbes: Fed Sinking Real Economy; Calls QE's "Titanics" by FS Staff
- May 07 The Faux Battle Over Online Sales Taxes by Karl Denninger
- May 06 Decadence and Economics by JR Nyquist
Rick Santelli: Hold Onto Your Wallet - The Entitlement Society Now Being Adopted as US Economic Policy
Jim welcomes back Rick Santelli, On-Air Editor at CNBC and veteran trader and financial executive. Rick refers to current central bank policies as a world-wide “money fest”, given by the Central Banking Country Club. Rick sees the US adopting the “entitlement society” as current economic policy, which he asserts has never worked globally. He advises taxpayers to hold onto their wallets. Taxes will be going higher to pay for ever increasing government spending.
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.
Simon Mikhailovich: It’s 12 O’clock, Do You Know Where Your Gold Is?
Jim welcomes Simon Mikhailovich, Co-Founder of Eidesis Capital LLC in New York City. Jim and Simon cover a number of topics, including gold, why people should own it, and the difference between paper and physical gold. Simon also discusses the safety of your bank accounts in the future as governments look at the “Cyprus Model”, including the US. Simon talks about the coming “wealth taxes” in Europe, as governments desperately search for revenue amidst weakening economies. Simon calls gold “the most under-owned asset class in the world” and believes the real bull market in gold has not yet begun.
Market volatility and the breakdown of fundamental and technical indicators are only a few signs. There are others which are more subtle and not visible to the human eye—below the surface. They show up in bear-o-metric readings of the nation's money supply, credit expansion and the breakdown of corporate earnings. With all of these readings, we know that a storm is coming. The question is: "What kind will it be?"
—Jim Puplava, The Perfect Financial Storm Part 3