Has “It” Finally Arrived?

Is this week's 6% market drop the start of the Big One?
Friday, October 12, 2018, 6:54 PM

With the recent plunge in the S&P 500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun?

It’s hard to say for certain. But the systemic cracks we've been closely monitoring definitely got an awful lot wider this week. » Read more



Off The Cuff: Making Sense Of The Recent Market Gyrations

Which triggers are driving the action? What's next?
Friday, October 12, 2018, 11:29 AM

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

  • Impact Of Fed Tightening
    • Likely still underestimated by the market
  • Funds Are Trying To Protect Stock Prices
    • A futile (in the long run) attempt to prevent losses
  • Why Bond Funds Are So Risky
    • Much more dangerous than owning bonds outright
  • 6% Mortage Rates Will Act As Housing's Kryptonite
    • We're not there yet, but getting closer...

Recorded Wed as the market was in full melt-down mode, Chris and Wolf Richter decode the underlying drivers of the sudden reversal, and peer into the future to predict what is most likely to happen next. Both agree that, whether stocks are briefly 'rescued' in the ensuing days, the long-awaited downward re-pricing of the 'Everything Bubble' is nigh.

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



What The Crypto Crash & Stock Market Plunge Have In Common

Only one thing matters in bubble markets: sentiment
Monday, February 5, 2018, 5:57 PM

Did the stock market bubble just pop, just as the cryptocurrency one has? » Read more



It's Looking A Lot Like 2008 Now...

Did today's market plunge mark the start of the next crash?
Friday, February 2, 2018, 9:57 PM

Economic and market conditions are eerily like they were in late 2007/early 2008.

Remember back then? Everything was going great. Home prices were soaring. Jobs were plentiful.

The great cultural marketing machine was busy proclaiming that a new era of permanent prosperity had dawned, thanks to the steady leadership of Alan Greenspan and later Ben Bernanke. And only a small cadre of cranks, like me, was singing a different tune; warning instead that a painful reckoning in our financial system was approaching fast.

It's fitting that I'm writing this on Groundhog Day, as to these veteran eyes, it sure has been looking a lot like late 2007/early 2008 lately... » Read more



Michael Pento: The Coming Bond Bubble Collapse

All asset classes will collapse in tandem when this bursts
Sunday, September 18, 2016, 1:42 PM

In this week's podcast, Michael Pento, fund manager and author of The Coming Bond Bubble Collapse, explains how the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of this bubble will cause a massive interest rate shock that will send the US consumer economy and the US government—pumped up by massive Treasury debt—into bankruptcy, an event that will send shockwaves throughout the global economy: » Read more


New Harbor: Now is the Time for Discipline in Protecting Wealth

Lower stock & bond prices ahead
Saturday, August 24, 2013, 3:09 PM

The stock market has been on an upward streak for the past two years, with the Dow and S&P near their all-time highs. Recently, though, they've shown signs of toppiness. And certainly, the macroeconomic risks loom larger than ever. Where are equity prices most likely to go from here?

Interest rates on bonds have nearly doubled off of their historic lows from a year ago. That puts downward pressure on bond market prices, as well as a tremendous number of other important asset classes, like housing. Where are interest rates most likely to move next?

For these (and other) reasons, the current environment is extremely challenging for investors. » Read more

Daily Digest

Image by kiwanja, Flickr Creative Commons

Daily Digest 8/8 - Increased Grazing Improves Soil, The Downside Of Living Longer

Thursday, August 8, 2013, 10:48 AM
  • Martin Armstrong: Dow May Double by Late 2015
  • CRA cracking down on middle-income tax cheats
  • Americans Would Rather Be Skinny Than Debt-Free
  • The pension downside of living longer
  • Silver: The Noise is Deafening!
  • Sorry, It's Not A 'Law Of Capitalism' That You Pay Your Employees As Little As Possible
  • GDP Growth must Slow as Oil Limits are Reached
  • Increased grazing helps improve soil
Daily Digest

Image by cookbookman17, Flickr Creative Commons

Daily Digest 5/24 - Scandals And Economic Disasters, Toxic Rice Causes Concern In China

Friday, May 24, 2013, 10:47 AM
  • Elizabeth Warren Grills Treasury Secretary on Too Big to Fail
  • Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever
  • Hyperinflation – 10 Worst Cases
  • 1/3 of Canadians live paycheque to paycheque, survey suggests
  • Scandals & Economic Disasters
  • Greek Prostitution Soars By 150% As Youth Unempoyment Hits 75% In Some Areas
  • Venezuela aims to end toilet paper shortage
  • Will It Be Inflation Or Deflation? The Answer May Surprise You
  • Harvard Economist: 'The Crisis Isn't Over in the US or Europe'
  • Stockholm riots throw spotlight on Swedish inequality
  • Tax avoidance: Developing countries take on multinationals
  • Straw bale homes for LILAC co-housing residents
  • Toxic Rice Causes Concern In China
  • Siblings' Victoria company boosts shellfish sector with algae-producing reactor

Off the Cuff: The Age of Delusion

The gap between what we see & reality has never been wider
Thursday, May 9, 2013, 1:55 AM

In this week's Off the Cuff podcast, Chris and Mish discuss:

  • Fuzzy Fed Math
    • Housing-cost methodology understates true inflation
  • China's Gold Hunger
    • Vacuuming up 50% of total world production
  • Market Madness
    • Any news good, bad, or worse drives stock prices higher

Warning: Stocks Likely to Crater from Here

Losses of over 50% (!) may be in store
Thursday, February 28, 2013, 11:34 AM

I don't relish the job of constantly pointing out the risks to the equity markets. But since few on Wall Street seem willing (or able) to do this, I'm "making the call" for a market correction, as enough variables have aligned to indicate a high likelihood of stocks heading downwards from here.

I've only given one other such warning about equities before, and that was in March of 2008, when I warned of the possibility of a 40% to 60% decline in stock prices by Fall. I am making a similar call today, with the understanding that I am usually a bit early to the game with my views. » Read more