Financial Sense Newshour for Storm Watch
Jim Puplava’s Big Picture: Be Prepared – Rate Hikes Are Coming
Also, “Margin of Safety – How the Economy Reacts to Black Swans” and “Fast & Furious – Melt Up / Melt Down”
Jim’s first Big Picture topic this week is “Be Prepared – Rate hikes are coming”. Jim looks at Fed Chair Janet Yellen’s recent statements that hint that rates hikes could come sooner than expected. Jim asks why would the Fed consider rate hikes when the economy is not very robust.
Jeffrey Saut: Correction of 10-12% Still Likely, But Bull Market Remains Intact
Corporate Earnings Can Continue to Grow
Jim welcomes back Jeffrey Saut, Chief Investment Strategist at Raymond James Financial. Jeff and Jim discuss the likelihood and timing of the long-anticipated market correction. Even if it should occur, Jeff believes the long term bull market is still firmly intact.
Satyajit Das: “Poker Bluff” - The European Economic Crisis Hasn’t Gone Away
The Banking System in Europe Is Broken
Jim welcomes back Satyajit Das, author, journalist and commentator at EconoMonitor.com. Das discusses the European banking crisis, and asserts that the crisis hasn’t gone away and that the European Central Bank is currently engaged in a further tactical bluff in the long European poker game.
Evelyn Browning Garriss: Evolving El Niño Pattern Weakening – Economic Consequences for North America
El Niño Pattern Could Affect the Hurricane Season
Jim welcomes back Evelyn Browning Garriss, editor of the Browning Newsletter. They discuss the developing El Niño weather pattern in the Pacific Ocean, and it’s economic consequences. History shows that El Niños affect large portions of the US and Canadian economies − from agriculture to...
Dave Lauer on HFT, Broker-Routing Conflicts, and Dark Pools
Conflicts of Interest Feeding the Dark Pools
Cris Sheridan, Senior Editor of Financial Sense, welcomes Dave Lauer, President & Managing Partner at KOR Group LLC. A substantial amount of trading is done every day off-exchanges in what are referred to as “dark pools”. Why?
Technician Shelley Moen: Looking for a Pull-Back Soon, But Still a Bull Market
Also, Erik Townsend and Tom Smith
Jim welcomes back Shelley D Moen CMT, Senior Market Strategist at Vermilion Technical Research. Shelley expects some volatility from second quarter earnings, and expects a market pull-back as well, but is not sure of the catalyst; it could be an economic event, or perhaps geopolitical.
Dr. Marc Faber: Weakness in Global Markets – Stocks Vulnerable
Long Term Treasury Rates Dropping Due to the Weak Economy
Jim welcomes back Marc Faber PhD, of Marc Faber Ltd in Hong Kong, and publisher of the well-known newsletter, The Gloom, Boom & Doom Report. Dr. Faber surveys the global macro landscape and is cautious, at best, in his outlook.
Don Coxe: Russia, China and Iran to Become More Aggressive as US Disengages
We Are Now Facing the Possibility of Geopolitical Shocks, Especially in Oil
Jim welcomes back Donald Coxe, Chairman of Coxe Advisors LLP in Chicago. Don and Jim discuss the growing geopolitical vacuum as the US is seen as disengaging and ineffective, while Russia, China and Iran become more aggressive.
Keith Weiner on Gold Manipulation, Naked Short Selling, and China’s Gold Imports
The Driver Behind China’s Gold Imports
Cris Sheridan, Senior Editor of Financial Sense, welcomes Keith Weiner PhD, president of Gold Standard Institute USA, and CEO of Monetary Metals. In looking at the futures market, Keith explains there is no evidence for gold manipulation through naked short selling.
Jim Puplava’s Big Picture: The Mandarins of Monetary Finance – The Consequences of Zero Bound
Also, “Geopolitical Risks and the Petro Business Cycle” and “After So Many Predictions, Will We See a Better Second Half?”
In Jim’s first Big Picture topic this week, he looks at the consequences of the Federal Reserve’s zero interest rate policies, and what he expects ahead for the markets and the economy. Jim also references his interview this week with noted Fed-watcher James Grant, and discusses his opinions on the Fed as well.
Alex Daley: Why I Moved to Puerto Rico – The New Land of Opportunity for Americans
Also, the Outlook for Apple in the Years Ahead
Jim welcomes back Alex Daley, Senior Technology Editor at Casey Research. Alex discusses why he moved to Puerto Rico from Vermont and how Puerto Rico now offers advantages that no other nation on earth can provide to the world’s largest market of investors and entrepreneurs, Americans.
James Bianco: The Economy Is Not as Strong as People Believe
Interest Rates Can Go Lower From Here
Jim is pleased to welcome back James Bianco, President of Bianco Research, LLC. James covers a number of topics including the bond market, the direction of interest rates, QE from the Fed, and future Fed policy. He believes that the economy isn’t as strong as people believe, and that interest rates can go lower from here before rising.
Laurence Kotlikoff: Social Security Is Grossly Unfair, Insolvent, and Needs to Be Retired
America’s Ponzi Scheme – Social Security Is Broke Now
Jim welcomes back Laurence Kotlikoff, Professor of Economics at Boston University. Professor Kotlikoff has provided expert testimony on numerous occasions to the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee.
Ross Hansen: The Move to a Cashless Society
Moving Ever Closer to an Orwellian Future
Jim is pleased to welcome back Ross Hansen, Founder of Northwest Territorial Mint, America’s largest private mint. Ross has recently returned from the Mint Directors Conference, held every two years, and discusses his observations. Among them is the continuing progress to a global cashless society.
Steve Hanke: Global Destabilization Will Occur Once the Fed Is Forced to Raise Interest Rates
Hyperinflation unlikely to happen in the U.S.
Cris Sheridan, Senior Editor of Financial Sense welcomes Steve Hanke, Professor of Applied Economics at The Johns Hopkins University. Professor Hanke contends that Federal Reserve policy causes boom and bust cycles, as hot money flows throughout the globe.
Martin Armstrong: A Rising Dollar Is Still the Greatest Threat to the U.S. Economy
Europe Is Broke and Has a Defunded Military
Jim welcomes back Martin Armstrong of ArmstrongEconomics.com. Jim and Martin cover an array of economic and geo-political issues around the globe. Martin takes aim at politicians and journalists in the U.S., stating that neither group understand economics, and politicians cannot successfully manage the economy.
Neil Dutta: Investors Underestimate Janet Yellen’s Ability to Be Hawkish
China Could Pose an Economic Risk
Jim is pleased to welcome back Neil Dutta, Head of U.S. Economics at Renaissance Macro Research. They discuss the US economy, and Neil sees strong momentum in the second quarter, forecasting 3.5% GDP growth. He sees stronger growth ahead, but notes it’s difficult to see beyond six months out.
Chris Puplava: The Warning Signs of a Major Top
Tops Are a Process and Not an Event, Taking Place Over Time
Cris Sheridan, Senior Editor of Financial Sense interviews Chris Puplava, Portfolio Manager at the PFS Group. Chris discusses what to look for in a major market top. Major tops are associated with key breakdowns in the credit markets and the economy.
Jim Puplava’s Big Picture: The Story No One Wants to Hear - The Doubting Investor
Also, “The Relentless Bid” and “Why Are Interest Rates Falling When the Economy Is Improving?”
The first Big Picture topic looks at the wild ride over the last 10 years for investors, with two bear markets in stocks and one in real estate. Jim discusses how global QE has been a catalyst to financial assets since 2009 and that is why he has recommended dividend-paying blue chip stocks throughout that period.
Dr. Gary Shilling: Get Used to Low Interest Rates
Deleveraging Still Has Years to Run
Jim welcomes back A. Gary Shilling PhD, President of A. Gary Shilling & Co., an economic consulting firm. Gary and Jim cover the current economic trends, as well as current Federal Reserve policy under Janet Yellen.
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