Financial Sense Newshour for Storm Watch
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 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...
Axel Merk: Stocks Are In Bubble Territory – Central Banks Have Compressed Risk Premiums
Interest Rates Not Going Up Anytime Soon
Jim welcomes back Axel Merk, President and Chief Investment Officer of Merk Investments LLC. Axel and Jim discuss the stock market, where Axel sees a “buy the dips” mentality. He believes the market is reaching bubble territory, as central banks have compressed risk premiums through QE stimulus injections.
James Kostohryz: Stocks Likely Moving Into Bubble Phase Over Next Year or Two
Market Bubble More Probable Than Market Crash
Cris Sheridan, Senior Editor of Financial Sense, welcomes global investment strategist James Kostohryz. James has accumulated over twenty years of experience investing and trading virtually every asset class across the globe. He argues that, instead of a massive market crash...
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.
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