Tag Archives: Steen Jakobsen

  • Daily Prep

    How To Choose The Right Size Fiskars Axe

    Selecting the right tool for you
    by Jason

    Wednesday, November 28, 2018, 4:01 AM


    A quick and informative video on how to choose the right Fiskars splitting axe for your size and strength. Bigger is not always better.  Happy chopping.

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  • Insider

    How To Deal With Our Dangerous Markets And Failing Future

    Now is the time for prudent action
    by Chris Martenson

    Saturday, September 9, 2017, 3:25 AM


    Executive Summary

    • Controlled markets can't be controlled forever
    • Confidence is beginning to fail, even at the top
    • The leading indicators to monitor closely
    • The reason to get excited about gold & silver again

    If you have not yet read Part 1: Who’s Going To Eat The Losses? available free to all readers, please click here to read it first.

    As we recently covered in this week's special webinar, the geopolitical tensions across the world, alone, should have created some sort of ‘risk off’ response in the equity markets.  With China, Russia and North Korea all increasingly at odds with the US for a wide variety of reasons, it’s very hard to make a case that Everything is Awesome!

    Instead, it’s very easy to make the case that the world is on the brink of a period of destructive trade wars, if not actual 'hot' wars. 

    Again, that alone should be introducing some uncertainty, some ‘risk off’ behaviors by which we mean some sort of a selloff in equities. But that’s just not the case.

    In fact, the current stock ramp-up is the second longest without even a 3% sell-off in all of US equity history.

    It's my firm belief that these calm markets do not represent the collective wisdom of millions of independent traders and investors.  They are instead the result of both direct and indirect support of said markets by monetary authorities and their proxies. That is, the central banks and the big banks they actually represent and look out for. 

    But this lack of volatility will have a very painful cost some day. No different than in a political crisis where an oppressed people finally rise up, the suppression of market volatility will spill over and…

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  • Insider

    Everything You Need To Know About The Credit Impulse

    And why it's signalling a coming recession, likely this year
    by Chris Martenson

    Friday, June 16, 2017, 11:23 PM


    Executive Summary

    • The case of the missing credit impulse
    • The credit impulse is the worst its been in recent history
    • How the situation is deteriorating fast
    • Why a credit impulse-driven recession is nigh

    If you have not yet read Part 1: The Pin To Pop This Mother Of All Bubbles? available free to all readers, please click here to read it first.

    The Case Of The Missing Credit Impulse

    An enormous oversight of nearly every major economist is the role of debt in both fostering current growth but also stealing from future growth. 

    It seems like such a simple concept, and it’s one I covered in great detail back in 2008 in the original Crash Course, but it remains a mysterious oversight of most here in 2017.  The concept is easy enough; if I borrow money to increase my spending here today, it probably makes sense to take note of that if you're an economist responsible for tracking spending.

    My debt-funded spending today is my lack of spending in the future when I pay down the debt. 

    Professor Steve Keen has this topic nailed beautifully. In it, he explains how even simply keeping a massive pile of previously accumulated debt at the same level as last year is a net negative on economic growth. A very simple and a very profound concept that still is not a part of conventional thinking.

    Now here where things get interesting. And frightening. If we look at…

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  • 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


    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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  • Podcast

    Steen Jakobsen: The End Of The Debt Cycle

    As transformational as the fall of the Berlin Wall
    by Adam Taggart

    Sunday, February 21, 2016, 11:26 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.

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  • Podcast

    Steen Jakobsen: Get Ready For The Biggest Margin Call In History

    A recommendation to move to cash
    by Adam Taggart

    Sunday, April 19, 2015, 6:02 PM


    Economist Steen Jakobsen, Chief Investment Officer of Saxo Bank, believes 2015 will be another "lost year" for the economy. And he predicts the Federal Reserve will indeed start to raise rates later this year, surprising the market and taking the wind of out asset prices.

    He recommends building cash and waiting to see how the coming storm — which he calls the "greatest margin call in history" — plays out.

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  • Podcast

    Steen Jakobsen: Expect A 30% Stock Market Correction in 2014

    Presaging economic lows in Q1/Q2 2015
    by Adam Taggart

    Sunday, June 1, 2014, 9:25 PM


    This week, Chris talks with Steen Jakobsen, Chief Investment Officer of Saxo Bank. We wanted to see through the eyes of a professional economist, which Steen kindly allowed us to do.

    Steen agrees that central banks have largely failed in their misguided attempts to boost growth via trickle-down programs. Pretty much all the benefits of the recent years of money printing have gone to the upper echelons, with the true engines of growth and jobs — small to medium sized enterprises (SMEs) — getting very little.

    As a result, financial asset prices have been driven up too high, which Steen anticipates will correct at some point in 2014; likely by 30% or so.

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  • Blog
    Gleb Tarro/Shutterstock

    What The Bears Still Left Standing Think

    Takeaways from the 2014 Wine Country Conference
    by Adam Taggart

    Saturday, May 3, 2014, 5:39 PM


    The Wine Country Conference (WCC) is an annual gathering of speakers organized by Mike "Mish" Shedlock and his advisery firm, Sitka Pacific. This year's speakers included: John Hussman, Steen Jakobsen, Axel Merk, Mebane Faber, Chris, and of course, Mish himself. Our good friend Charles Hugh Smith attended, as well.

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