Tag Archives: Mish

  • Insider
    © Suphakit73 | Dreamstime.com

    Off the Cuff: It Feels Like 2007 All Over Again

    There's a bubble in "belief"
    by Adam Taggart

    Thursday, December 20, 2012, 5:43 AM

    31

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

    • Fiscal cliff "smoke"
      • Not enough substance to include "mirrors"
    • The markets' grim outlook
      • Most difficult time for investors in generations
    • Crazy ideas
      • Could the Fed get away with taking all debts onto it books?
    • Media spin
      • There's a bubble in "belief"

    48 hours to go and no Fiscal Cliff deal in sight. The recently touted "Plan B"…

    Enroll Now
    Or Sign In with your enrolled account.

    Read More »

  • Insider
    © Pavel Kusmartsev | Dreamstime.com

    Off the Cuff: Will We Learn from Japan’s Missteps In Time?

    Its fate could shock other countries into action
    by Adam Taggart

    Thursday, November 22, 2012, 7:14 AM

    18

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

    • Japan's Kamikaze Monetary Policy
      • The yen may be poised for destruction
    • Denial is a river in Germany, Greece, and Spain
      • Poor decisions being made in all three countries
    • Fiscal Cliff: Deal or No Deal?
      • What's most likely at this point

    In this Thanksgiving edition of Off the Cuff, Chris and Mish are grateful for Japan. Why? Because Japan will likely collapse under its unsustainable monetary and fiscal policies before the U.S. does.

    Much of the structural rot that ails the U.S. has been festering for much longer in Japan. With signs growing that the Japanese economy is nearing its predictable endgame, its implosion might be shocking enough to cause our leaders to think seriously that fate could be ours if we don't take radically different actions immediately.

    Enroll Now
    Or Sign In with your enrolled account.

    Read More »

  • Insider
    © Rvde77 | Dreamstime.com

    Off the Cuff: It’s Becoming Every Man for Himself

    Hard times reveal the true nature of our leaders
    by Adam Taggart

    Thursday, June 28, 2012, 7:40 PM

    7

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

    • Signs of fragmentation in Europe
      • Increasingly political leaders jettisoning Eurozone collectivism for what's best for their own country
    • The ticking pension bomb
      • US states, municipalities, and cities face unmeetable obligations
    • Fraud at the core
      • The Barclays LIBOR-fixing scandal shows how manipulated markets really are

    They say that when the going gets tough, you learn what a person's true nature is. If that's so, we're learning that the bloviating European leaders are clueless opportunists with no real love or loyalty for the centralized European vision they've been selling to their populace for over a decade. Similarly, US public pension administrators and public officials are craven liars, still unwilling to admit to pensioners that poor stewardship, bad math, and generationally low interest rates have made it impossible to meet their actuarial commitments. Increasingly — and as epitomized by the recently- fraudulent fixing of the LIBOR market — all players are simply out to secure what they can for themselves before the system breaks.

    Enroll Now
    Or Sign In with your enrolled account.

    Read More »

  • Insider
    © Monkeystock | Dreamstime.com

    Off the Cuff: The Fed’s Increasing Impotence

    Analyzing this week's "non-announcement" from the Fed
    by Adam Taggart

    Thursday, June 21, 2012, 12:04 AM

    1

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

    • Fed Fizzle
      • Even if/when the Fed decides to inject more liquidity, it's increasingly questionable whether that will have any real impact
    • Europe's Choice: Uncertainty or Panic
      • The day of reckoning is approaching, but Europe is showing us we still have time left to act
    • Crisis Fatigue
      • Don't deviate from your convictions. Just because something is taking longer than you expect doesn't mean it won't happen

    The Fed disappointed the herd hoping for more QE (i.e., thin-air money printing) to be announced this week. Asset prices are drifting lower as a result, increasing the already-growing tension in world markets. Meanwhile the contagion in Europe seems to grow worse by the day. Even though it may feel tiring to stay ever-vigilant for a market dislocation, the risk is still worryingly high, so continue to remain on the defensive as best you're able.

    Enroll Now
    Or Sign In with your enrolled account.

    Read More »

  • Insider

    Off the Cuff: Contagion Within Europe

    Europe's leaders are resorting to shoddy number tricks a 4th
    by Adam Taggart

    Sunday, June 17, 2012, 11:15 AM

    2

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

    • Desperate Measures
      • The math behind the latest 'rescue' attempts is so broken it falls apart at first glance
    • How Much Time Do We Have Left?
      • The day of reckoning is approaching, but Europe is showing us we still have time left to act
    • Where to Park Capital
      • The options worth considering grow fewer in number, though Europeans should take action soon

    Europe continues to figure prominently in Chris and Mish's minds at the moment. The action there is what's driving the world agenda right now, and the decisions taken to address the European crisis will have tremendous impact on the financial markets around the globe. Much is happening right now — but for longtime 'Off the Cuff' listeners, it's important to keep in perspective that little has actually changed. Europe's problem is a mathematical one. Too many bad loans were made. In practically every country. Steep losses will need to be taken. Taking those losses will place painful deflationary pressure on asset prices. The key question is: how much new money will central banks print to service and retire those debts?…

    Enroll Now
    Or Sign In with your enrolled account.

    Read More »

  • Blog

    Off the Cuff with Mike “Mish” Shedlock

    by Adam Taggart

    Thursday, April 5, 2012, 5:12 AM

    0

    Nearly every week, ChrisMartenson.com enrolled members enjoy a fresh podcast of “Off The Cuff,” an informal discussion on the markets between Chris and Mike “Mish” Shedlock, publisher of the extremely popular economic blog Mish’s Global Economic Trend Analysis.

    We’re making this week’s Off the Cuff podcast available to the public-at-large to build awareness for an important cause that Mish is championing. Earlier this week, he shared with readers that his wife Joanne suffers from ALS, better known as Lou Gehrig’s Disease.

    After several years of juggling an intense publishing schedule (describing Mish as ‘prolific’ is a gross understatement) while caring for his wife on his own, he’s created an online raffle as a means to raise funds for important ALS research, patient care, and education. We support his efforts and wish Mish and Joanne all the best.

    Click here to learn more about the raffle.

    In this week’s Off the Cuff, Chris and Mish look at the impact of the recently-released Fed minutes and the worsening situation in Europe (no, the problems there haven’t gone away).

    Read More »

  • Blog

    Robert Mish: Front-Line Evidence That We Are Nowhere Near a Gold Bubble

    by Adam Taggart

    Friday, March 9, 2012, 8:46 PM

    0

    Robert Mish has been a precious metals dealer for nearly 50 years and knows what gold bubble mania looks like. We are nowhere near that stage, in his opinion.

    Instead, he sees a US populace largely unappreciative of holding precious metal as a store of wealth, and engaged in a slow process of dis-hording their gold and silver to eager foreign buyers, who are more than happy to take the bullion back to their shores.

    In terms of where we are on the gold mania spectrum, he sees us at a “2” out of 10.

    But he foresees a very rude awakening ahead, as the populace eventually wakes up to the increasing damage that our over-debted global economy is doing to the purchasing power of world currencies. Because when the general investor finally realizes the protection the precious metals offer against currency debasement, much of the retail supply will already be out of the system, in very tight hands and largely overseas.

    Moreover, when supply gets tight, there will be more challenges to obtaining physical bullion during a buying mania than there were during the last mania in 1980. There are many fewer local sources to exchange bullion these days, as much of that business is now transacted by online vendors dependent mail delivery to ship product, and they are more vulnerable to supply chain disruptions.

    Be sure you’re aware of how the form in which you hold your bullion will affect the price you get during a buying frenzy, when refining capacity is overwhelmed. You may find that your gold or silver sells at a hefty discount because it’s not in a preferred format for trade.

    Read More »

  • Blog

    Daily Digest 3/3 -12 Countries Most Likely To Go Belly-Up, Maxwell’s Silver Hammer, China To Allow All Trades In Yuan

    by DailyDigest

    Thursday, March 3, 2011, 3:43 PM

    0
    • 12 Countries Most Likely to go Belly Up
    • USA Incorporated – a Look at the Grim Financial Situation of the USA
    • A Road Tour Of The Revolution
    • Pentagon Report Reveals Financial Terrorists May Have Triggered Economic Crash
    • China “Attacks The Dollar” – Moves To Further Cement Renminbi Reserve Currency Status
    • Merrill’s Harley Bassman On Why This Is The “Big One” And Its Implications
    • Bang Bang, Maxwell’s Silver Hammer
    • China To Allow All Trades To Settle In Yuan, Encourages Use As Reserve Currency

    Follow our steps to prepare for a world after peak oil, such as how to store & filter water

    Read More »

  • Blog

    Straight Talk with Mike Shedlock (aka “Mish”)

    by Adam Taggart

    Wednesday, October 27, 2010, 4:16 AM

    0

    Today marks the launch of our new and (hopefully) regularly recurring “Straight Talk” series, featuring thinking from notable minds the ChrisMartenson.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. Our hopes are high you’ll enjoy the expert insights and alternative perspectives this new series brings. 

    Our inaugural Straight Talk contributor is Mike Shedlock, author of Mish’s Global Economic Trend Analysis, one of the most visited and respected economic blogs on the Web. Mish is an outspoken deflationist and outlines his rationale for being so in his answers to our questions. He is also a registered investment advisor representative for SitkaPacific Capital Management. 


    1. You’ve gone from mainframe computer programming analyst (in 2005) to being one of the most widely-read econobloggers in the world today. To what extent do you attribute your competitive advantage to holding a non-traditional background vs. the more ‘classically’ trained analysts and commentators?

    Mish: It certainly helps not having a background in economics as taught by academia today. Nearly everyone in academia is a Keynesian or Monetarist.

    Read More »

  • Blog

    A Dollar Crisis in the Making

    by Chris Martenson

    Tuesday, September 1, 2009, 7:09 PM

    0

    In this post, I respond to the recent flurry of activity in print and in blogs about the dollar, US indebtedness, and the risks associated with both.

    Mish recently posted a mixed grab-bag entitled Countdown To Dollar Implosion Madness, in which he (very rightly, in my view) took to task various bloggers and other Internet sources that have been peddling rumors of bank holidays and setting specific dates for a dollar implosion.

    I don’t like trading in unsourced rumors, either by the mainstream media or by bloggers (as they are very nearly always proven wrong), and I am especially leery of setting dates for future market events.  So kudos to Mish for his efforts to hold bloggers to a higher standard.

    However, I took exception to a snippet from a WSJ article by Andrew Batson, entitled Households Start to Rival the Chinese in Treasury Market (originally blogged about by Michael Pettis here), that offered the comforting impression that domestic savings are growing and are possibly sufficient to fund the US government deficit.

    Read More »