Insider

Enter a comma separated list of user names.
Insider

Mopic | Dreamstime.com

Off The Cuff: The Folly Of Financialization

Its cures are worse than the diseases it tries to fix
Thursday, April 14, 2016, 12:22 PM

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • The Future Of Oil
    • Much more volatile prices lie ahead
  • The Folly Of Financialization
    • Central planners are creating cures worse than the diseases they're trying to fix
  • The Dollar Dilemma
    • The direction of dollar now hurts as many player as it helps
  • Return Of 'Race To The Bottom'
    • We risk a global currency war like that seen in the 1930's
Insider

Blueximages | Dreamstime.com

Why I Went A Little More Short Today

The list making me nervous is growing fast
Monday, April 11, 2016, 10:26 PM

I've been slowly layering into a short position against the US S&P 500 stock market. At this rate, I plan to be 80% short in my trading and retirement accounts by the end of May. You know “Sell in May and go away.” I am now at 45%.

That’s my general strategy here. 

My reasons for building up this short position are many.  Here are a few of them. » Read more

Insider

Scott Rothstein/Shutterstock

Off The Cuff: Growth Is Gone

Annual GDP growth is clocking in at 0.4%
Thursday, April 7, 2016, 11:34 PM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  • Growth Is Gone
    • GDP is growing at a 0.4% annual rate
  • Folly & A Finite Planet
    • Our blind pursuit of external growth is dooming us
  • Bubbles Create Bad Decision-making
    • And we are in the biggest bubble yet
  • The Panama Papers
    • Yep - the rich *do* play by different rules
Insider

Andrii Myronov/Shutterstock

Off The Cuff: Dr. Martenson Goes To The U.N.

Chris recounts his recent trip
Sunday, April 3, 2016, 2:02 AM

In this week's Off The Cuff podcast, Chris and I discuss:

  • Dr. Martenson Goes To The UN
    • Chris recounts his experience with world experts
  • Diving Into New Waters
    • Spiritual Resilience and the 8 Forms of Capital
  • Rowe Reminder
    • This year's seminar is less than 2 weeks away
  • Curious Allies
    • Tapping the support & knowledge of other PP members

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today. » Read more

Insider

146004131/Shutterstock

Off The Cuff: The Great Retirement Con

Why long-term investment returns will be elusive from here
Friday, March 25, 2016, 9:48 AM

In this week's Off The Cuff podcast, Chris and Dan Amerman discuss:

  • Over-Complacency
    • The market has basically ignored the Brussels attacks
  • The Great Retirement Con
    • Why long-term investment returns will be elusive from here
  • Good-bye Future Gains
    • Future profits have already been pulled into today's stock prices
  • Disappearing Dividends
    • The largest source of wealth creation is nowhere to be found

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today. » Read more

Insider

The Secret Deal To Drive The Markets

Central Banks Continue to Fuel A Dangerous Wealth Gap
Monday, March 21, 2016, 4:03 PM

Let’s not kid ourselves anymore; the world’s financial markets are heavily manipulated on a regular, if not daily, basis by central banks and their main clients the Big Banks.

Frustratingly, one vocal group denies that this is case while another actively cheers on the manipulations.  The first group thinks that because in the past markets have been too big for central banks to influence trends for more than a short while that this must still be equally true today. » Read more

Insider

Fer Gregory/Shutterstock

Off The Cuff: Trapped By TINA

Central banks are learning 'There Is No Alternative'
Friday, March 18, 2016, 8:23 PM

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • Trapped By TINA
    • Central banks find themselves out of options
  • Under Pressure
    • Those higher up the wage curve are finding themselves struggling more
  • Fear As A Social Control Tool
    • We're being sold it much more than we realize
  • Taking Control
    • A better future will come from our own hands, not those of our leaders
Insider

Shutterstock

Outsmarting The Monkey

How to preserve capital through the coming volatility
Friday, March 11, 2016, 3:16 PM

Executive Summary

  • Beware of increasing financial Repression
  • Watch where the global flows of capital are heading
  • Expect further strengthening of the US dollar
  • Realize that cash is not a bad position in an extremely volatile market. Same with precious metals.
  • Why the best opportunities for capital preservation will be local

If you have not yet read The Year of the Red Monkey: Volatility Reigns Supreme, available free to all readers, please click here to read it first.

In Part 1, we looked at the ways fiscal and monetary authorities have attempted to stave off business-cycle washouts, i.e. recessions, and how the fixes have created a global Great Stagnation that is characterized by uncertainty  and volatility.

Here in Part 2, we investigate whether the global economy slide into recession, or will new policies such as capital controls save the day? And more importantly, we look to the asset classes where investors can seek safety from the red monkey's antics.

Capital Controls

The latest fixes being rolled out by central banks and governments are capital controls—essentially, policies designed to force people to spend their saved-up capital in the home country or invest it in whatever the central bank/state deems supportive of the hoped-for exit from the Great Stagnation.

Negative interest rates are a form of capital control: by charging interest on cash held in banks, governments hope to force people to spend their cash rather than “hoard” it.

Since cash currency is a safe haven from this expropriation, governments are actively seeking to eliminate or limit cash.

When private banks are revealed as insolvent, governments can recapitalize the banks by expropriating depositors’ cash held in the bank—“bail-ins.”

Another expropriation idea making the rounds among “serious policymakers” is forcing everyone with retirement savings to put a percentage of this cash in government bonds—in effect, funding state deficit spending by force.

All of these controls are forms of financial repression—limiting the freedom of people and their capital in order to prop up the privileges of a tiny financial and political elite at the top of the status quo.

To the degree that capital controls inevitably spark blowback and unintended consequences, they add to volatility by... » Read more

Insider

Thorsten Schmitt/Shutterstock

Off The Cuff: Are We Entering A New Bull Market For Gold?

Likely, though risk of a short term pull-back is high
Friday, March 11, 2016, 12:30 AM

In this week's Off The Cuff podcast, Chris and John Rubino discuss:

  •  Has A New Bull Market In Gold Begun?
    • Maybe, though a short term pull-back is likely
  • Has Oil Bottomed?
    • Much harder to tell
  • Electric Cars
    • How long may it really take for them to reach mainstream penetration?
  • How Bad Will The Next Market Crash Be?
    • Very bad. This next one's for all the marbles.
Insider

Broken Signals

Prices are so distorted, we're blind in these "markets""
Tuesday, March 8, 2016, 10:50 AM

Prices matter. Or at least, they should

They tell us about the relative value of things, and provide indication of scarcity or abundance.

Sadly, we don't have good prices anymore because the markets have been so heavily dominated by hot money speculators. » Read more