ECB

Podcast

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Steen Jakobsen: 60% Probability Of Recession In The Next 18 Months

The world economic engine is slowing to a standstill
Sunday, June 11, 2017, 6:46 PM

Steen Jakobsen back on, Chief Investment Officer of Saxo Bank, returns to the podcast this week to share with us the warning signs of slowing economic growth he's seeing in major markets all over the world.

In his view, the world economy is sputtering badly. So badly, that he's confident predicting a global recession by 2018 -- or sooner. » Read more

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2016 Year In Review

A Clockwork Orange
Thursday, December 22, 2016, 9:03 PM

Every year, friend-of-the-site David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. As with past years, he has graciously selected PeakProsperity.com as the site where it will be published in full. It's quite longer than our usual posts, but worth the time to read in full. » Read more

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Hell To Pay

The final condition for a market crash is falling into place
Friday, September 23, 2016, 5:23 PM

Those familiar with my writing know I put the word “markets” in quotes because we no longer have a financial system where legitimate price discovery is a regular -- or even recognizable -- feature.

It's destined to fail. What more can be said about such a flawed system?

Well, a lot as it turns out. 

And failure to pay attention at this stage of economic and ecological history will prove to be exceptionally painful. » Read more

Podcast

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Mike Maloney: This Is The Peak

To be followed by 'one hell of a crisis'
Sunday, August 28, 2016, 3:09 PM

Precious metals dealer and monetary historian Mike Maloney is quite confident the liquidity-driven 'recovery' created by the world's central banks is now over. In his estimation, the path ahead is one of accelerating descent into inevitable currency destruction. » Read more

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Axel Merk: Making Sense Of The Impact Of Brexit

A special edition podcast
Monday, June 27, 2016, 8:22 PM

A very sleep-deprived Axel Merk joins us for this special edition podcast. Axel and his team have pulled late nights over the past few days following the Brexit vote results in real-time and the ensuing aftermath.

Axel, CEO and founder of the Merk Funds, is originally from Europe and one of the best experts we know on the currency markets, as well as monetary policy. In this podcast, he explains why he sees the Brexit as a sea-change in sentiment that will have far-reaching implications for Britain, Europe, and the rest of the world -- though it may take years before they are fully recognized and expressed. He expects the post-Brexit future to more market volatility, more populism as political stability weakens, more (ineffectual) fiscal spending to goose economic growth, and likely more armed conflict around the world. » Read more

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Oleksii Sergieiev, Dreamstime

For Heaven's Sake: Hedge!

If you're not positioned defensively by now, you're nuts
Thursday, April 30, 2015, 10:58 PM

Last fall, I wrote an article titled Defying Gravity that warned of the absurd price levels that stocks and bonds had risen to. Less than a month later, the stock market abruptly dropped by 7%. Those who didn't seek safety in advance were left licking their wounds, panicked not knowing if the painful down-draft was over.

So here we are roughly six months later, and the same warning bells are ringing -- just louder this time. » Read more

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Time To Toss The Playbook

In uncharted territory, flexibility & open thinking are key
Wednesday, February 25, 2015, 10:07 AM

Just when you thought the world could not spin much faster, global monetary events in 2015 have picked up speed. 

Buckle up. » Read more

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acting-man.com

How Many More “Saves” Are Left in the Central Bank Bazookas?

Very few, it seems
Wednesday, February 18, 2015, 10:45 PM

The remarkable success of grandiose pronouncements, money-printing programs and serial expansions of credit raises a key question: how many more “saves” can the central bank bazookas fire that will have the desired effects of maintaining perceptions of central bank omnipotence and pushing global markets ever higher? » Read more

Podcast

alphaspirit/Shuttestock

David Stockman: The Global Economy Has Entered The Crack-Up Phase

And will be characterized by these 4 developments
Sunday, February 15, 2015, 3:42 PM

Few people understand the global economy and its (mis)management better than David Stockman -- former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier.

David is now loudly warning that events have entered the crack-up phase, which he predicts will be defined by the following 4 developments: » Read more

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Netfalls - Remy Musser/Shuttestock

Greece Exposes The Global Economy's Achilles Heel

Countries that can't repay their debts -- won't
Thursday, February 5, 2015, 4:54 PM

The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they've dared to speak the truth.

Such honest assessments are not supposed to be uttered in politics, no matter how true they may be. And so, as you can imagine, the machinery of the defenders of the status quo is in quite a lather over the whole affair. And it's doing everything it can to minimize and marginalize the new Greek government. » Read more