Financial Sense Newshour for Storm Watch
Alex Daley: Artificial Intelligence a Slow-Moving Threat to Humanity
We Are Not Close to Cracking the Code to Human Intelligence
Dec 19 – Cris Sheridan welcomes Alex Daley, Senior Editor of Casey’s Extraordinary Technology newsletter. Cris and Alex discuss the topic of Artificial Intelligence (AI), and the growing field of Biometrics. Alex does not see the emergence of AI as a near-term threat, and even sees recent breakthroughs as...
Jim Puplava’s Big Picture: The New World Oil Order (Part 2) – The Paper Chase and the Oil Glut
Also, “It’s Complicated – Triggering the Next Global Financial Crisis”
Dec 13 – Last week in the Big Picture Jim delved into the causes of oil’s big decline. This week, Jim will follow up on this theme, discussing a number of important questions; is this trend in oil permanent? If not, how long will it last? What will be the impact on the economy, good or bad?
Technician Louise Yamada: Small Caps Could Be Signaling a Corrective Phase Ahead
Also, Ryan Puplava, Erik Townsend and Chris Puplava
Dec 13 – Jim welcomes back Louise Yamada CMT, Managing Director at Louise Yamada Advisors. Louise notes that the small cap stocks tend to lead the market, and they could be telling us a corrective phase is ahead. However, Louise sees no evidence of an emerging bear market at the moment, despite the collapse in energy prices.
Peter Boockvar: The End Game – Central Bankers Going “All In” to Maintain Asset Prices
The Fed “Put” Is Now Out of the Money
Dec 12 – Jim welcomes Peter Boockvar, Managing Director and Chief Market Analyst at The Lindsey Group LLC. Peter and Jim focus their discussion on market valuations. Peter sees nearly all asset prices as overvalued, with the bond market the most extreme case. Peter believes that we are in the final act of the central bankers ability to maintain high levels of asset prices.
Jim Puplava’s Big Picture: The New World Oil Order
Also, “Megatrends for 2015”
Dec 6 – In Jim’s first Big Picture topic, he explores what has changed since July, when the price of WTI crude was $107 a barrel and is now selling in the $66 range. Has the world changed that much in five months? Jim looks at global economic growth rates, as well as the global supply of oil. He also discusses the critical topic of a shifting power structure in energy.
Why Jeremy Grantham Is Right About Corporate Profit Margins
Are Corporate Profit Margins Unsustainable?
Dec 3 – Cris Sheridan welcomes Baijnath Ramraika CFA. Corporate profit margins are at all-time highs and have remained at such levels for far longer than normal. Many say this is unsustainable and have predicted a sudden crash to occur over the past couple years, only to be proven wrong.
Evelyn Browning Garriss: El Niño Conditions Return and Should Linger Through the Winter
Cool Winter in Central and Eastern North America – Needed Rain for California and Southwest U.S.
Dec 2 – Jim welcomes back Evelyn Browning Garriss, Editor of The Browning Newsletter. Evelyn and Jim discuss the return of El Niño weather conditions, and if they are likely to last through the winter and into the spring. Currently there are unofficial El Niño conditions and enough warm water in the Pacific to linger into March, with a 65% chance of lasting into May.
Jim Puplava’s Big Picture: The Endgame – The Grand Finale and The Meltdown
Also, “The Assault on Monopolies – Disruption & Transformation”
Nov 29 – In a special reprise edition of the Big Picture, Jim looks at where we are in the market cycle, close to the top, or heading higher? Jim lays out the case that macro forces favor higher stock prices for an extended period. He looks at where we may be in this bull market, and makes historical...
Professor Alexander Motyl on Putin’s Chess Game With the West and the Prospect of War
Russia's Economy and Military Cannot Sustain a Major Conflict
Nov 28 – In a special reprise edition of FS Insider, Cris Sheridan welcomes Alexander J. Motyl, Professor of Political Science at Rutgers University-Newark. Professor Motyl is a specialist on Ukraine, Russia, and the USSR, and on nationalism, revolutions and empires. He notes that Putin is calculated and responsive to cost-benefit analysis; therefore the U.S. and others should...
Satyajit Das: “Poker Bluff” - The European Economic Crisis Hasn’t Gone Away
The Banking System in Europe Is Broken
Nov 27 – In a special reprise edition of FS Insider, 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...
Jim Puplava’s Big Picture: Disinflation – The Battle Between Inflation and Deflation
Also, “The Next Asset Bubble: Risk-On Trade Has More Time to Run”
Nov 22 – The first topic on the Big Picture this week is about the ongoing global battle between inflation and deflation. Despite trillions of dollars created by central banks, there are continuing reports of falling inflation around the globe.
Michael Pettis on Why We Need a New Global Monetary System
Nov 11 – Cris Sheridan, Senior Editor of Financial Sense welcomes Michael Pettis, a Beijing-based economic theorist and financial strategist. Professor Pettis explains why the world needs a new global monetary system and the conditions under which holding the world’s reserve currency are an exorbitant privilege vs. an exorbitant burden.
Jim Puplava’s Big Picture: Oil Wars - Risks and Opportunities
Is This the Beginning of a Return to Lower Oil Prices?
Nov 8 – This week on the Big Picture Jim and Erik Townsend join forces to cover a topic of crucial importance to the global economy, the “war” over oil and it’s price going forward. Many market observers thought there was an effective $100 floor under Brent crude.
Jim Puplava’s Big Picture: Manias, Panics & Corrections
Also, “Surviving Financial Repression – Why Dividends Still Matter” and “The Fed’s Path to Normalization”
Nov 1 – In Jim’s first Big Picture topic, Jim discusses why we haven’t seen a market crash, and why the conditions aren’t there at present for a mania or a crash, outside of a rogue wave situation. He notes that conditions don’t favor a speculative boom and despite the Fed’s money printing...
Richard Duncan: Why QE 4 Is Inevitable
Duncan Expects Very Low Interest Rates Well Into the Future
Oct 30 – Cris Sheridan welcomes Richard Duncan, Chief Economist at Blackhorse Asset Management in Singapore. Richard makes the case that since 2008 credit in the U.S. has been growing at less than 2% a year and the Fed has been printing money to create a wealth effect in financial assets in order to sustain the economy.
Satyajit Das: The Economies of Europe and Japan Are Not Working
Emerging Market Countries Are Also Slowing
Oct 29 – Jim welcomes Satyajit Das, Author, Journalist and Commentator at EconoMonitor.com. They cover the global macro outlook, and Das sees inflexible economic and political structures in Europe and Japan leading to stagnating growth prospects.
David Marsh: Europe Unlikely to Launch Full-Scale QE With Bonds Near Record Highs
Beneficial Tailwinds From the U.S.
Oct 28 – Cris Sheridan welcomes back David Marsh, Managing Director and Co-Founder of OMFIF (Official Monetary and Financial Institutions Forum) in London. David explains how the ECB is unlikely to launch a full-scale QE program in Europe with bonds near record highs. The ECB and Bundesbank don't want to run the risk of...
Puru Saxena: Bull Market Could Be Over, But Don't Get Too Bearish Since Central Banks Will Likely Step In
Investors Positioning for Another Deflationary Scare
Oct 17 – Cris Sheridan welcomes Puru Saxena, founder of Puru Saxena Limited in Hong Kong, and publisher of Money Matters. Puru sees this bull market as mature, where a lot of stocks are no longer participating. Market breadth has narrowed considerably and 60-65% of NYSE stocks are now in a bear phase.
Brian Pretti: We Are Long Overdue for a 10% Correction – Is This It?
Currencies Are Pressure Relief Valves
Oct 15 – Jim welcomes back Brian Pretti CFA, Managing Editor at ContraryInvestor.com. Brian and Jim cover an array of macroeconomic issues. Brian noted that a 10% market correction is substantially overdue. So far, the pull-back has been moderate, but certain sectors have had more severe damage, such as...
Didier Sornette: Using Math and Supercomputers to Predict Financial Bubbles
Explaining the Math Behind Market Bubbles
Oct 14 – Cris Sheridan welcomes Didier Sornette, Professor at the Swiss Federal Institute of Technology in Zurich, Switzerland. Professor Sornette explains the math behind bubbles and how he and a number of colleagues at the Financial Crisis Observatory in ETH Zurich are using one of the world’s...
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