Podcast

Podcast

Dreamstime

Doug Duncan: Even US Government Economists Predict Trouble Ahead

Fannie Mae forecasts an economic slowdown by 2019
Monday, April 16, 2018, 11:53 AM

Doug Duncan is not your average beltway economist.

The chief economist for Fannie Mae is surprisingly outspoken about the troublesome outlook for the US economy. He's worried about the rising cost of debt service as outstanding credit continues to mount at the same time interest rates are starting to ratchet higher, too. » Read more

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hdbuilder.eu

Simon Black: Priced To Fantasy

Stock prices today simply aren't justifiable
Tuesday, April 10, 2018, 11:53 AM

Chris and I have been on a ship this week, presenting at The Real Estate Investor Summit At Sea.

We were able to steal away for an hour to sit down with fellow presenter Simon Black (founder of SovereignMan.com) and this excellent discussion ensued. We didn't have any agenda prepared; it's just us three riffing and sharing our thoughts on the most likely implications of the biggest macro risks that have our attention right now. » Read more

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Dreamstime

Wolf Richter: The Era Of The Fed "Put" Is Over

It now wants lower asset prices (just not too fast)
Monday, April 2, 2018, 3:39 PM

To all those investors expecting the Fed to step in to backstop the recent weakness seen in the stock market, Wolf Richter warns: The cavalry isn't coming.

After years of force-feeding too much liquidity into world markets, the central banking cartel is now aware of the Franken-markets it has created. And now with a new head at the US Federal Reserve, and soon at the ECB, central bankers have shifted their priority from supporting asset prices to now actively engineering lower prices. » Read more

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John Butman: New World, Inc.

From its start, resources have driven America's fortunes
Sunday, March 25, 2018, 7:23 PM

We all learned in grade school that the Pilgrims sailed to North America to escape religious persecution.

That's wasn't necessarily the case, explains author John Butman. At least, it certainly isn't the whole story.

In fact, the Pilgrim's voyage to the New World was a seventeenth-century entrepreneurial start-up. » Read more

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Steen Jakobsen: Now Is The Time To Be In Capital-Preservation Mode

Saxo Bank's CIO predicts a 15%+ market correction soon
Monday, March 19, 2018, 1:12 PM

Steen Jakobsen, Chief Investment Officer and Chief Economist of Saxo Bank, is sounding a clear warning of an arriving market correction.

Over-inflated asset prices, over-crowded trades, anemic market liquidity, and a continued decline in the credit impulse set the table for a banquet of consequences, in Steen's view.

Confident a market correction of at least 15% lies ahead, Jakobsen urges investors to exit leveraged positions and build cash. As for a longer view, he predicts commodities will be one of the best asset classes to own over the next five to ten years. » Read more

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James Howard Kunstler: The Coming Economy Of "Less"

Society is approaching a breaking point
Sunday, March 11, 2018, 8:20 PM

Author and commentator James Howard Kunstler returns as our podcast guest this week for an update on where we are in The Long Emergency timeline.

In this wide-raging discussion ranging from the pervasiveness of propaganda in today's media to the risk of nuclear war, Kunstler also re-news his warnings of a current secular economic slowdown.

After too many years of market interventions, magical thinking, racketeering, and bleeding the 99% dry, he warns that our culture and economic system will soon reach a snapping point. » Read more

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PeakProsperity.com

Dr. Charles Hall: The Laws Of Nature Trump Economics

It's all about Energy Return On Energy Invested (EROEI)
Monday, March 5, 2018, 1:59 PM

Dr. Charles Hall may not be a name you instantly recognize, but it should be.

Now a Professor Emeritus of the College of Environmental Science and Forestry, Dr. Hall is a rigorous researcher of energy, oil, biophysical economics -- and was a critical early pioneer in developing the key resource metric of Energy Returned On Energy Invested (EROEI).

After a life's career of looking at the world through the lens of EROEI, Hall is very concerned that, as a global society, we are hurtling towards an energy crisis that will forcefully (and likely painfully) downshift our standard of living within the lifetime of the current generation. » Read more

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Daniel Nevins: Economics for Independent Thinkers

It's time we stop trusting the 'experts'
Wednesday, February 28, 2018, 6:03 PM

Economists are supposed to monitor and analyze the economy, warn us if risks are getting out of hand, and advise us on how to make things runs more effectively -- right?

Well, even though that's what most people expect from economists, it's not at all how they see their role, warns CFA and and behavioral economist Daniel Nevins.

In short, they are the wrong people to advise us, Nevins claims, as they have no clue how the imperfect world we live in actually works.

 
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Fred Hickey: Why A Lifelong Technology Expert Favors Owning Gold

It's the safest & most undervalued asset today
Monday, February 19, 2018, 2:35 PM

Fred Hickey, frequent cited expert on Bloomberg News and Barron's Roundtable, has been publishing his author extremely well-respected investment newsletter, The High-Tech Strategist, for 31 years. And he is more worried about the state of the financial markets today than he's ever been

Ironically, this lifelong expert in "all things technology" has concluded that gold (the "barbaric relic") is the sanest asset to put one's capital in these days -- both due to its safety factor and it's current level of undervaluation. He expects the precious metals to fare well during the downward market volatility he foresees, and he is now tracking the mining stocks closely as he predicts they will experience dramatic appreciation from here. » Read more

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Press Democrat

Timo Marshall: How To Make Alcohol

The science of distilling spirits
Wednesday, February 14, 2018, 12:46 AM

The process of distilling alcohol to produce common spirits -- like vodka, gin, whiskey, bourbon, brandy, rum, tequila, and vermouth -- is not widely known. 

On this podcast, we're joined by Timo Marshall, co-founder of Spirit Works Distillery. In today's discussion, Timo walks through the basic science underlying the distillation process, what differentiates the most common spirits from one another, and what resources are available to those interested in taking up the practice. » Read more