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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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Off The Cuff: Dow 20,000!!

Everything's awesome....right?
Thursday, January 26, 2017, 6:42 PM

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

  • Dow 20,000!!
    • Everything's awesome....right?
  • All Hail Our Banking Overlords!
    • Manipulation and collusion abound in today's financial system
  • The Elites Are Beginning To Worry
    • Buying bunkers and retreats in a hurry
  • Hypocrisy Of The Extortionist
    • Our leaders are happy to berate the system once they leave it

The Dow Jones index just crossed the 20,000 milestone for the first time in history. The financial media is applauding, newly-elected President Trump is boasting -- should we just stop worrying and concede that everything is going great now?

Chris and John Rubino certainly don't think so. They see the Dow's 20k milestone as stark evidence of the massive set of asset bubbles created by the world's central banking cartel. Print up trillions and trillions of thin-air money and it has to go somewhere.

They lament that our political, regulatory and corporate leaders remain ignorant (willfully or cluelessly) of this. And as long as that continues, the excesses and resultant unfairness (wealth gaps, cost of living unaffordability, etc) will grow unchecked -- making the pain of the inevitable collapse that much more painful to society.

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

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Steen Jakobsen: The End Of The Debt Cycle

As transformational as the fall of the Berlin Wall
Sunday, February 21, 2016, 7:26 PM

As we've been watching closely, something is wrong with the big banks. Their shares have lost 25-33% of their market value since the beginning of the year. What's going on?

The turmoil seems greatest in Europe, where bank shares have fallen the hardest, and negative interest rates have appeared with increasingly frequency across member countries.

To make sense of it all, we've invited Steen Jakobsen back on, Chief Investment Officer of Saxo Bank, who can provide an eyes-on-the-ground perspective on the European banking system from his location in Copenhagen. » Read more

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Off the Cuff: To The Moon And Back

They higher we go, the farther the fall
Thursday, July 10, 2014, 2:51 PM

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

  • Highs And Lows
    • How high will the markets climb? And how fast/far will they fall?
  • The Magic Fed
    • The backstop of last resort. But what will happen when it fails?
  • It's Net Energy, Stupid
    • The measurements for our economic decisions are all wrong
  • Prostitutes & Drugs
    • The lengths we go to fool ourselves
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Off the Cuff: Time To Get Busy

Spoilers & frank statements
Thursday, March 20, 2014, 3:45 PM

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

  • Cross-pollination
    • Chris' and my takeaways from our time with Robert Kiyosaki's organization
  • New material
    • What's already in the hopper, and what we're working on now
  • Yellen's first remarks
    • Why do we put so much faith in the Fed?
  • The hard truth
    • You're not crazy to be concerned. Get ready for a rocky 2014.