Investing in precious metals 101

Tag Archives: 2008

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    Off The Cuff: It’s Beginning To Look A Lot Like 2008

    Liquidity is drying up & the banks are weakening fast
    by Adam Taggart

    Thursday, January 21, 2016, 7:16 PM

    18

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

    • It's Looking Like 2008 All Over Again
      • Liquidity is drying up & the banks are weakening fast
    • Oil At The Epicenter
      • The ripple effect of the losses will be wider than anyone expects
    • Financial Sector Leading The Way Down
      • The banks are getting hammered for their loan exposure
    • Gold Set To Shine Again
      • Will 2016 finally see a safety-driven rebound?
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    Why This Next Crisis Will Be Worse Than 2008

    And what you can do to prepare
    by Chris Martenson

    Saturday, January 16, 2016, 12:53 AM

    99

    Executive Summary

    • There are too many signs of deflation to deny it's winning the day
    • Why China's weakening will accelerate the global economy's decent
    • Why this next crisis will be worse than 2008
    • What will it look like if things really get out of control (how bad could things get?)
    • The best investments to be making now, before the rout

    If you have not yet read The Deflation Monster Has Arrived, available free to all readers, please click here to read it first.

    Too Many Warning Signs To Talk About

    The deflationary monster is here and there are almost too many warning signs to list, let alone fully describe.

    So I’ll just list and link them…you can follow up on the details if you want, it’s the ‘general vibe’ I want to get across.

    Here are the signs of a weak economy that we are dealing with:

    The pattern here is one of rapidly slowing economic activity and mounting pain starting “from the outside in” as emerging markets and the poor people within the core countries bear the brunt at first. Things always get rolling to the downside starting with the weakest, peripheral elements first.

    Copper and oil are providing very clear signs that economic activity is not just slow, but in rapid retreat. Wal-Mart tells us that its shoppers are having trouble. The fresh all-time lows in a variety of currencies, plus massive weakness in others, is telling us that the virtuous portion of the liquidity cycle that the Fed, et al., unleashed on the world has entered the vicious part of the cycle.

    The pain will spread to the center with increasing speed. The main question is if the authorities can stop that before the momentum becomes too great to halt? And what will happen if they cannot?

    The answer to that is…

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    Everything Is Being Sold

    Market crash warning
    by Chris Martenson

    Thursday, June 20, 2013, 7:55 PM

    44

    Global financial markets are now in a very perilous state, and there is a much higher than normal chance of a crash. Bernanke's recent statement revealed just how large a role speculation had played in the prices of nearly everything, and now there is a mad dash for cash taking place all over the world.

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    Get Ready: We’re About To Have Another 2008-Style Crisis

    The signals the market is sending look awfully familiar
    by Chris Martenson

    Wednesday, May 16, 2012, 12:30 PM

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    Well, my hat is off to the global central planners for averting the next stage of the unfolding financial crisis for as long as they have. I guess there’s some solace in having had a nice break between the events of 2008/09 and today, which afforded us all the opportunity to attend to our various preparations and enjoy our lives.

    Alas, all good things come to an end, and a crisis rooted in ‘too much debt’ with a nice undercurrent of ‘persistently high and rising energy costs’ was never going to be solved by providing cheap liquidity to the largest and most reckless financial institutions. And it has not.

    Forestalled is Not Foregone

    The same sorts of signals that we had in 2008 are once again traipsing across my market monitors. Not precisely the same, of course, but with enough similarities that they rhyme loudly. Whereas in 2008 we saw breakdowns in the credit spreads of major financial institutions, this time we are seeing the same dynamic in the sovereign debt of the weaker European nation states.

     

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    Are We Heading for Another 2008?

    Intervention ultimately leads to greater instability
    by charleshughsmith

    Wednesday, April 11, 2012, 4:44 PM

    5

    We all know that central banks and governments have been actively intervening in markets since the 2007 subprime mortgage meltdown destabilized the leveraged-debt-dependent global economy. We also know that unprecedented intervention is now the de facto institutionalized policy of central banks and governments. In some cases, the financial authorities have explicitly stated their intention to “stabilize markets” (translation: reinflate credit-driven speculative bubbles) by whatever means are necessary, while in others the interventions are performed by proxies so the policy remains implicit. 

    All through the waning months of 2007 and the first two quarters of 2008, the market gyrated as the Federal Reserve and other central banks issued reassurances that the subprime mortgage meltdown was “contained” and posed no threat to the global economy. The equity market turned to its standard-issue reassurance: “Don’t fight the Fed,” a maxim that elevated the Federal Reserve’s power to goose markets to godlike status.

    But alas, the global financial meltdown of late 2008 showed that hubris should not be confused with godlike power. Despite the “impossibility” of the market disobeying the Fed’s commands (“Away with thee, oh tides, for we are the Federal Reserve!”) and the “sure-fire” cycle of stocks always rising in an election year, global markets imploded as the usual bag of central bank and Sovereign State tricks failed in spectacular fashion.

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    Worse Than 2008

    by Chris Martenson

    Wednesday, December 21, 2011, 3:00 PM

    0

    There are clear signs of a liquidity crunch in the asset markets right now, and the question I keep hearing is, Is this 2008 all over again?

    No, it’s worse. Much worse.

    In 2008 there was a lot more faith and optimism upon which to draw. But both have been squandered to significant degrees by feckless regulators and authorities who failed to properly address any of the root causes of the first crisis even as they slathered layer after layer of thin-air money over many of the symptoms.

    Anyone who has paid attention knows that those “magic potions” proved to be anything but. Not only are the root causes still with us (too much debt, vast regional financial imbalances, and high energy prices), but they have actually grown worse the entire time.

    As always, we have no idea exactly what is going to happen and when, but we can track the various stresses and strains, noting that more and wider fingers of instability increase the risk of a major event. Heading into 2012, there’s enough data to warrant maintaining an extremely cautious stance regarding holding onto one’s wealth and increasing one’s preparations towards resilience.

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  • Blog

    Recession Indicators, Part II

    by Chris Martenson

    Friday, April 4, 2008, 9:25 PM

    0


    Are we in a recession, heading towards one, or
    not? The stock market seems unconcerned with the Dow rising 3.2%,
    S&P up 4.2%, and the Nasdaq 4.9%. This collection of news items
    will help you sort this out.

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