Financial Sense Newshour for Storm Watch
Urban Carmel: Late ‘90s Tech Bubble a Unique Event – Unlikely to Happen Again
Euphoria of the 1990s Grew From Political and Demographic Events, Both in the U.S. and Abroad
Cris Sheridan welcomes analyst Urban Carmel. During the historic tech bubble of the late 1990s, stock valuations soared far higher than ever before. With stocks today already above historical averages, could we expect to see the same level of euphoria happen again, driving stocks two or three times higher from where they stand today?
Jim Puplava’s Big Picture: LEIs Signaling a Soft Patch Ahead
Also, “Paid to Adapt, Not Forecast”
Jim’s first Big Picture topic is about the Leading Economic Indicators (LEIs) and why they are signaling a soft patch ahead. They indicate weakness in housing, mortgage applications and durable goods. Jim discusses the reasons behind the soft patch and why it will likely be temporary.
Carlota Perez on Technological Revolutions, Manias, Bubbles, and Golden Ages
Cris Sheridan welcomes Carlota Perez to discuss the findings of her widely read book, “Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages.” As she explains, technological revolutions aren’t random but occur on average every 60 years...
Martin Armstrong: War Cycle to Begin by 2016
International Capital Concentrating on U.S. Assets
Jim welcomes back Martin Armstrong, of ArmstrongEconomics.com. Martin and Jim cover a wide array of macroeconomic and geopolitical topics. Martin sees the US becoming more isolated, as it continues to anger its traditional allies, and forcing Russia and China to begin working together again.
MIT’s Roberto Rigobon on the True Rate of Inflation
Is the Government Manipulating the Data?
Cris Sheridan welcomes Roberto Rigobon, Professor of Applied Economics at the MIT’s Sloan School of Management. They discuss the Billion Prices Project, started at MIT by Rigobon and fellow professor Alberto Cavallo. By using automated web scraping technology, the Billion Prices Project collects and tracks more than 1 billion prices each week...
Jim Puplava’s Big Picture: The Endgame – The Grand Finale and The Meltdown
Also, “The Assault on Monopolies – Disruption & Transformation”
Jim’s first Big Picture topic this week deals with 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 comparisons to the bull market of the 1990’s.
Louis-Vincent Gave: Euro Crisis 2.0
Europe Slipping Back Into Recession
Jim is pleased to welcome back Louis-Vincent Gave, CEO of Gavekal in Hong Kong. Louis and Jim cover a range of global macro topics, starting with Europe, as growth rolls over and another recession looms as a strong possibility. Louis believes the ECB’s monetary bazookas are not enough...
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
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...
Mark Nestmann: New FATCA Laws Are Not the End of America
Be Cautious on Taking Drastic Measures
Jim welcomes back Mark Nestmann, President of The Nestmann Group, Ltd., an international consultancy assisting individuals to achieve their wealth preservation goals. Mark and Jim discuss the complex and restrictive provisions of FATCA, the Foreign Account Tax Compliance Act, which came into total effect in July of this year.
James Grant: Two Alternative Outcomes From Fed Policy – Much Higher Inflation or More Money Printing
Bullish on India and Gold
In a special reprise edition of FS Insider, Jim is pleased to welcome James Grant, Founder and Editor of Grant's Interest Rate Observer. James and Jim cover an array of topics, including Grant’s outlook for Federal Reserve policy and how attempts to control or manipulate interest rates are ultimately futile.
Don Coxe: Russia, China and Iran to Become More Aggressive as U.S. Disengages
We Are Now Facing the Possibility of Geopolitical Shocks, Especially in Oil
In a special reprise edition of FS Insider, Jim welcomes back Donald Coxe, Chairman of Coxe Advisors LLP in Chicago. Don and Jim discuss the growing geopolitical vacuum as the U.S. is seen as disengaging and ineffective, while Russia, China and Iran become more aggressive.
The Collapse of Macroeconomics: An Interview With Dr. Woody Brock
U.S. Needs to Invest in Infrastructure Projects With Positive Rates of Return
In a special reprise edition of FS Insider, Cris Sheridan, Senior Editor of Financial Sense welcomes Dr. Horace “Woody” Brock, founder and president of Strategic Economic Decisions, an economic think tank. Dr. Brock has spent more than 25 years counseling global corporations and other institutions of ongoing structural changes in the global economy.
Senator Alan Simpson: Future Entitlement Problems Haven’t Gone Away – Only a Crisis Will Force Congress to Act
U.S. Debt Will Reach $20 Trillion by the Time President Obama Leaves Office
Jim welcomes back Alan K. Simpson, retired US Senator from Wyoming. Senator Simpson gives an update on the National Commission on Fiscal Responsibility and Reform and if the “kicking-the-can-down-the-road syndrome” will ever reach the end of the road.
Jim Puplava’s Big Picture: Be Greedy When Others Are Fearful, and Fearful When Others Are Greedy
Also “A Guaranteed Stock Market Correction” and “The Hunt For Red Hot Yields”
Jim’s first Big Picture topic this week is a reference to the Warren Buffett quotation. He uses this sage market advice to critique the “fear” industry, which is always trying to scare investors, no matter the economic fundamentals or reality. The second topic is “A Guaranteed Stock Market Correction”, which refers to...
The IMF’s Laura Kodres on the Shadow Banking System and Future Risks
Laura Kodres, an expert on systemic risks and macro financial linkages at the IMF, explains shadow banking, the pivotal role it played in the last financial crisis, the intended and unintended consequences regulatory efforts have had since then, and some of the current worries that are starting to build around the globe, most notably in China.
The Big Picture: Erik Townsend on “The Relentless Bid”
Also, “Is the US Facing an Economic Cold War with Russia and China?”
Erik Townsend sits in for Jim this week on the Big Picture. Erik’s first topic is “The Relentless Bid”. Erik looks at why the stock market has seen such an unprecedented and nearly non-stop rally for the last five years...
Thomas O’Halloran: Key Drivers of the American Manufacturing Renaissance
We Are In a Deleveraging Era, Contributing to Slower Economic Growth
Jim welcomes Thomas O’Halloran J.D., CFA, Partner and Portfolio Manager at Lord, Abbett & Co. LLC. Tom and Jim discuss the key drivers behind the growing American manufacturing renaissance. Tom notes how many of the comparative advantages of Asian and other foreign manufacturers have lessened or reversed in recent years.
Richard Duncan: Prepare for Correction Once QE3 Ends
We’re Now Operating Under “Creditism” not Capitalism
Cris Sheridan, Senior Editor of Financial Sense, welcomes Richard Duncan, Chief Economist at Blackhorse Asset Management in Singapore. Richard explains how the markets and economy are now purely driven by credit growth and liquidity, which is bad news for both when the Federal Reserve’s third quantitative easing program is expected to...
Louise Yamada: Market Still Climbing a Wall of Worry – Backed by the Fed’s Continued Easing
Also, Ryan Puplava, Erik Townsend and Rob Bernard
Jim welcomes back Louise Yamada CMT, Managing Director of Louise Yamada Technical Research Advisors. Louise notes that the market has continued to shrug off bad news, which is a characteristic of structural bull markets. She also notes that the market will likely continue to climb its wall of worry as...
Steve Forbes on his new book - Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It
How Debasing Money Debases Society
Jim is pleased to welcome back Steve Forbes, Chairman, CEO & Editor-in-Chief of Forbes Media to discuss his new book about money. Few topics are as misunderstood today as the subject of money. In his book, Mr. Forbes explains how a weak dollar is at the heart of many problems today, including...
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