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Trade Wars!

These could de-stabilize global markets very quickly
Wednesday, March 7, 2018, 7:43 PM

President Trump wants American jobs and factories to return. He cites some pretty grueling and relatively accurate statistics in support of his position. And it's looking like we can safely bet that Trump is planning to increase tariffs on many more products than steel and aluminum. 

He has also tweeted previously that a trade war would be “good” and “easy to win.” 

But whether tariffs or a trade war could reverse those statistics, or possibly make them even worse, is another matter entirely. » Read more


Vladimir Yudin |

Art Berman: Like It Or Not, The Future Remains All About Oil

And competition for it is heating up
Tuesday, January 23, 2018, 1:19 PM

Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil.

After the price of oil fell from its previous $100+/bbl highs to under $30/bbl in 2015, many declared dead the concerns raised by peak oil theorists. Headlines selling the "shale miracle" have sought to convince us that the US will one day eclipse Saudi Arabia in oil production. In short: cheap, plentiful oil is here to stay.

How likely is this?

Not at all, warns Berman. World demand for oil shows no signs of abating while the outlook for future production looks increasingly scant. And the competition among nations for this "master resource" will be much more intense in future decades than we've been used to. » Read more



2017 Year In Review (Part 2)

When things started getting downright weird
Friday, December 22, 2017, 4:18 PM


2017 Year In Review

Markets fiddle while Rome burns
Friday, December 22, 2017, 4:15 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 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. A downloadable pdf of the full article is available here, for those who prefer to do their power-reading offline. -- cheers, Adam


“He is funnier than you are.”

~David Einhorn, Greenlight Capital, on Dave Barry’s Year in Review



Off The Cuff: The Economy Is A Junkie

Dependent on hits of ever more debt -- until it dies
Thursday, September 21, 2017, 7:14 PM

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

  • Hey, Did We Just Declare War On North Korea?
    • Trump's UN speech stuns the world
  • Unpacking The Latest Fedspeak
    • Much more talk than action
  • The Junkie Economy
    • Dependent on hits of ever more debt until it dies
  • The High Cost Of Lacking Resilience
    • Harvy, Irma & Maria are teaching us a lesson in real-time

This week Chris and John tackle the latest Fed announcement. Yellen's talk of tightening/normalizing -- to borrow from common parlance -- is really a "nothingburger" until the world's other major central banks curtail their stimulus efforts.

The world economy is still receiving $125 billion in liquidity injections every month. This, of course, has destroyed the integrity of the markets and turned all investors into speculators -- as whatever the central banks decide to do next is the only thing that will matter to prices.

As we have been warning for years, this will all end badly once the central banks have either destroyed their respective zombie economies or their fiat currencies (if not both). 

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.

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The Saker: The Syrian Powderkeg

The risk of nuclear war is now concerningly high
Monday, July 10, 2017, 9:20 AM

Following up on our recent warning about the situation in Syria, Chris sits down this week for a conversation with The Saker, who writes extensively on geo-political and military matters. The Saker (a nom-de-plume), is a former intelligence expert with professional and personal insights into Russia and the Middle East.

He shares our deep concern for the dangerously misdirected current state of US foreign and military policy, as well as the potentially lethal repercussions these threaten to have in the powderkeg that is Syria.

In this week's podcast, The Saker provides an excellent distillation of the complex forces in play in Syria -- as well as in the brewing friction between the US and Russia -- and why the risk of nuclear war has now grown higher than it has been in decades. » Read more


Pre-ALERT: Trump Risks War With Russia

The Syria powderkeg threatens to explode
Tuesday, June 27, 2017, 6:44 PM

Trump has now backed his administration into a corner.  If there’s another suspected poison gas attack in Syria, he’s promised to escalate the situation by beginning bombings.

It appears that what I feared might happen under a Clinton presidency (and I still think probably would have, anyways) is now happening under the Trump administration.

Let me be perfectly clear: bombing Syria risks a direct confrontation with Russia.  If that happens, all bets are off. Anything could happen next, up to and including a nuclear exchange.  » Read more



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



The Relentless Push Towards War

This time with North Korea. Why?
Friday, April 28, 2017, 11:53 PM

As I’ve written extensively in the past, as was the case with Russia last fall, this push to war includes a series of carefully-crafted talking points being endlessly repeated over the print and airwaves. 

It’s an ever-present condition of living in our manufactured reality, where what we are told to care about is beamed at us around the clock  in a rather tediously but emotionally-manipulative way on the “news.”

Today's big ‘bogeyman’ is North Korea.  Have you wondered why? » Read more


Everett Collection/Shutterstock

Off The Cuff: Bewitched, Bothered & Bewildered

The reaction to the recent Fed hike makes little sense
Friday, March 17, 2017, 2:37 PM

In this week's Off The Cuff podcast, Chris and James Howard Kunstler discuss:

  • Rate Hike!
    • The Fed just increased the interest rate by 0.25%
  • Scam-o-rama
    • The financial system is now a racketeering fraud
  • The Net Energy Predicament
    • The unseen cause of so many of the systemic breakdowns we're seeing
  • The Deep State In Turmoil
    • The Trump administration has set off an internal war

James Howard Kunstler returns to Off The Cuff this week for a wide ranging discussion. First on the docket is the recent Fed rate hike, and the baffling logic that markets are using to interpret is as another "bullish" signal for piling into stocks. 

No surprise, Jim thinks the markets have become one big roach motel for investment capital. 

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