The Trends to Watch in 2013

Probabilities are becoming more certain
Tuesday, January 8, 2013, 12:26 AM

Rather than attempt to predict the unpredictable – that is, specific events and price levels – let’s look instead for key dynamics that will play out over the next two to three years. Though the specific timelines of crises are inherently unpredictable, it is still useful to understand the eventual consequences of influential trends.

In other words: policies that appear to have been successful for the past four years may continue to appear successful for a year or two longer. But that very success comes at a steep, and as yet unpaid, price in suppressed systemic risk, cost, and consequence. » Read more


QE 4: Folks, This Ain't Normal

What you need to know about the Fed's latest move
Friday, December 14, 2012, 1:22 PM

Okay, the Fed's recent decision to boost its monetary stimulus (a.k.a. "money printing," "quantitative easing," or simply "QE") by another $45 billion a month to a combined $85 billion per month demonstrates an almost complete departure from what a normal person might consider sensible.

To borrow a phrase from Joel Salatin: Folks, this ain't normal.  To this I will add ...and it will end badly. » Read more


Off the Cuff: We're in Danger of an Unwind of Everything

Sick economy + printing press = collapse risk
Wednesday, December 12, 2012, 9:07 PM

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

  • QE4
    • NOT a sign of a 'recovering' economy
  • Asset overpricing
    • The liquidity flood is making nearly every asset class overvalued now
  • No exit
    • The Fed has no plan on how eventually to remove this liquidity from the market
  • Potential for a monster upward move in gold
    • It's relatively undervalued, and it's the only safe haven left