Tag Archives: deficits

  • Podcast

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

    The world economic engine is slowing to a standstill
    by Adam Taggart

    Sunday, June 11, 2017, 10:46 PM

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    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.

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  • Blog
    © Raywarren | Dreamstime.com

    The Periphery is Failing

    The next big economic dislocation might be only weeks away
    by Chris Martenson

    Tuesday, August 27, 2013, 8:04 PM

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    For years we've preached the From the Outside In principle of markets: When trouble starts, it nearly always does so out in the weaker periphery before creeping towards the core.

    We saw this in the run-up to the housing bubble collapse, as sub-prime mortgages gave way before prime loans, and in Europe, as smaller economies like Greece, Ireland, and Cyprus have fallen first and hardest (so far).  We see this today in accelerating food stamp use among poorer U.S. households.  In each case, the weaker economic parties give way first before being followed, over time, by the stronger ones.

    Using this framework, we can often get several weeks to several months of advance notice before trouble erupts in the next ring closer to the center.

    Which makes today notable, as we're receiving a number of new warning signs.  The periphery is giving way.

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  • Blog
    © Sai Yeung Chan | Dreamstime.com

    Get Ready for Rising Commodity Prices

    Driven by hot money seeking a low-risk haven
    by charleshughsmith

    Wednesday, July 17, 2013, 1:27 AM

    13

    The human mind seeks a narrative explanation of events, a story that makes sense of the swirl of life’s interactions.

    The simpler the story, the easier it is to understand. Thus the simple stories are the most attractive to us.

    But conspiracies and power groups do not always provide comprehensive explanations for what we observe.

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  • Podcast

    Bob Fitzwilson: 2012 is the “Most Difficult Year Ever” for End-of-Year Financial Planning

    Little time left to make big decisions
    by Adam Taggart

    Saturday, December 8, 2012, 5:27 AM

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    "This is probably the most difficult end-of-year planning I have ever seen in my career"

    ~ veteran investment adviser Bob Fitzwilson

    As the Fiscal Cliff looms ahead, as well as the implications of new legislation at both the Federal (e.g., "Obamacare") and state (e.g., California's Prop 30) levels, financial advisers are furiously working to calculate the impact these developments will have on their clients' net worth in 2013 and beyond.

    Add to that the ugly macroeconomic environment of spiraling sovereign debts and deficits, currency devaluation, and underfunded entitlement programs. At this point, the prudent assumptions to make are that taxes will go higher over time, the money printing machines will run at maximum speed, and when the system really begins to collapse under its own unsustainability the rules will be changed. Perhaps that means capital controls; perhaps it means new restrictions on large asset pools like pension and retirement funds; perhaps it means wealth taxation. At this point, no one knows for sure.

    No wonder this is such a difficult moment for end-of-year planning.

    So, what to do?

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  • Blog

    The Financial Crisis Is Far From Over

    by Chris Martenson

    Wednesday, May 12, 2010, 8:54 PM

    0

    I give really, really boring advice. For years it has not changed a whit, and that’s just not the way to run a newsletter business.  There should be some movement, some pizazz, new things to ponder.  Instead I just keep saying the same thing over and over again.

    Buy gold (and silver, too).

    This is what I’ve been saying for the past seven years, ever since gold was in the $300’s and silver was under $5, so you might be tempted to think I am simply another gold bug.  While I confess to finding a certain allure in heavy bullion coins – they sound great tossed on a counter and feel good in my hand – I am not really a gold bug.

    Instead, what I am is a gigantic, unrelenting, anti-fiat-currency bug.  Well, at least I am anti-mismanaged fiat currencies, but that pretty much encompasses them all to varying degrees.

    As with all investment,s I have an exit strategy in my mind that will dictate when I sell my gold and silver to place those funds in other productive investments.  Unfortunately, that day seems further away than ever.

    Let me explain why.

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