Off The Cuff

Insider

Erik Svoboda/Shutterstock

Off The Cuff: The Era Of Easy Money Is Over

Debt-funded stimulus no longer yields an increase of GDP
Thursday, April 20, 2017, 8:44 PM

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

  • Sovereign Sabre-Rattling
    • Suddenly, the world became a lot less safe
  • Market Misdirection
    • The central planners are doing their utmost to paint a positive picture
  • The Era Of Easy Money is Over
    • Debt-funded stimulus no longer results in an increase of GDP
  • How This All Will End
    • Exploring the likely pins that will pop this "mother of all bubbles"

Chris and John look at the disconnect between world events and stock prices and urge folks not to misled: risk is high, and getting higher. There is *no* rational reason for the current price levels in financial markets -- only gobs and gobs of liquidity being force-fed into the system by the world's central banks.

But the data is increasingly showing that the era of "easy money" we've lived under since the Great Recession has reached its inevitable terminus. Shoving more debt into the system is no longer boosting GDP. We are now simply blowing bigger asset bubbles that will monumentally destructive when they burst -- as they must.

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

Insider

retrorocket/Shutterstock

Off The Cuff: The Soft Data & Hard Data Are At Odds

One of them is right. Which one is it?
Thursday, April 13, 2017, 7:30 PM

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

  • Soft vs Hard Data
    • They disagree. Which is correct?
  • More Manipulation
    • The central banks are not even hiding it anymore
  • The Big Problem: Too Much Debt
    • Don't expect the Fed to raise rates much higher from here
  • The French Election
    • However it unfolds, France is at a breaking point

In this week's podcast, Chris and Mish discuss the increasingly opposite stories being told by the "soft" and "hard" data. Soft indicators like consumer confidence and bullish sentiment are sky-high; while hard metrics like GDP growth, retail store closures, or auto sales tell a grim story of economic slowdown.

History shows that such a dichotomy between soft and hard data occur at turning points in the economy. And, as Mish recaps, we've seen this movie before:

Hussman reports that soft data after a lengthy expansion like we've had is mainly noise. I tend to agree with him. Market tops and bottoms tend to be points, both in the economy and the stock market -- and we are seeing the stock market today is experiencing a rounded topping affair with people remaining bullish even as it's clear the economy is sinking. We saw that happen in 2007. I think we saw that happen in 2000 as well. 

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

Insider

Africa Studio/Shutterstock

Off The Cuff: Eggshell Markets

Why the market can't sustain any losses
Wednesday, March 29, 2017, 7:20 PM

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

  • Vexing Volatility
    • How the VIX is being used to drive the markets
  • We Can't Handle Losses Anymore
    • Why the market is now incredibly vulnerable to downturns
  • Our Captive System
    • Until it breaks, the system is run to serve the banks, not us
  • The Death Of The Living Wage
    • The hollowing out of the middle class continues

Lots of sobering material packed into this week's Off The Cuff discussion between Chris and John. While there are signs of growing instability to be found nearly everywhere, both are very concerned about the extreme fragility of today's financial ""markets"". At the slightest sign of weakness, tremendous interventions now happen on a daily basis to keep prices from falling, even by a single percent.

The reason why is that the system is too vulnerable for ANY degree of loss to be sustained without fear of collapsing it.

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

Insider

Antonio Guillem/Shutterstock

Off The Cuff: Weariness Everywhere In The Markets

The support underlying today's sky-high prices is faltering
Thursday, March 23, 2017, 4:43 PM

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • Weariness Everywhere In The Markets
    • The post-election price support is evaporating
  • Confused Leaders
    • Chris recaps his latest meetings at the U.N.
  • Boomer Guilt
    • Divisions between the older haves & younger have-nots are growing
  • Banks & Government
    • A partnership of evil

Charles returns to Off The Cuff this week to note the recent lack of vigor in today's financial markets. Does it portend a turning point?

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

Insider

Everett Collection/Shutterstock

Off The Cuff: Bewitched, Bothered & Bewildered

The reaction to the recent Fed hike makes little sense
Friday, March 17, 2017, 2:37 PM

In this week's Off The Cuff podcast, Chris and James Howard Kunstler discuss:

  • Rate Hike!
    • The Fed just increased the interest rate by 0.25%
  • Scam-o-rama
    • The financial system is now a racketeering fraud
  • The Net Energy Predicament
    • The unseen cause of so many of the systemic breakdowns we're seeing
  • The Deep State In Turmoil
    • The Trump administration has set off an internal war

James Howard Kunstler returns to Off The Cuff this week for a wide ranging discussion. First on the docket is the recent Fed rate hike, and the baffling logic that markets are using to interpret is as another "bullish" signal for piling into stocks. 

No surprise, Jim thinks the markets have become one big roach motel for investment capital. 

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

Insider

Off The Cuff: Dying From Debt

Yet we're still trying to add more
Friday, March 3, 2017, 1:44 PM

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

  • The Coming Debt Explosion
    • Really? We're going to try to add more??
  • Pension Time Bomb
    • Going off sooner than most expect
  • The Evil Fed
    • It's policies are at the root of our economic predicament
  • The Revolution Is Brewing
    • Continental Europe will see the next iconoclast elected

The only thing more frightening than the massive overburden of debt weighing on today's economy is the recent trial balloon that we need to add a bunch more in order to spark economic growth. Chris and John slam this wrongheaded thinking, and direct our attention to the damage the effects of already having too much debt is wreaking on our future prospects.

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

Insider

555769471/Shutterstock

Off The Cuff: Trouble Returns To Europe

The end of the Eurozone experiment may be nigh
Saturday, February 4, 2017, 12:51 AM

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

  • Trouble In Europe
    • The end of the Eurozone experiment may be nigh
  • Our Justice System
    • Where to the Supreme Court?
  • Trump's Shake Up
    • Will he make it 4 full years?
  • Gold Strength
    • The metal and the miners are looking better

Mish returns this week to discuss the brewing stormclouds in Europe. As nationalist candidates gain popularity, growth slows, refugee challenges persist, and friction with the US builds, the binds between the countries in the Eurozone are weakening quickly.

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

Insider

Joe Raedle/Shutterstock

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

Insider

Walt Kelly

Off The Cuff: Meeting The Enemy

A hard look in the mirror
Tuesday, January 24, 2017, 1:45 PM

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • The Intelligence Wars
    • When everyone is pointing fingers, whom are we to believe?
  • The Need For Humility
    • Our current hubris is destroying the systems we depend on
  • The Enemy
    • Is our our "neo'" agenda, whichever side of the aisle it's on
  • Fixing Our Broken Healthcare System
    • Reform needs to start with our own behavior

"We have met the enemy and he is us"

~ Pogo (Walt Kelly)

This week Chris and Charles hold up a harsh mirror to American society. So many of the long-term predicaments we face are issues of our own making, pursuits that benefit an elite few at the expense of the rest of us. The good news here is that we still have time to dramatically improve our odds of a better future by choosing to make different decisions going forward. The all-important question is: But will we?

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

Insider

Lightboxx/Shutterstock

Off The Cuff: The Global Flow Of Money

It's determining the price of everything right now
Thursday, January 5, 2017, 6:42 PM

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • Cultural Capital
    • How will those around you react during a crisis?
  • The Fragility Within Our Centralized System
    • Lots of dependencies that can fail & bring the entire system to a halt
  • Musical Chairs
    • Who will have to eat the bad debts when the can can no longer be kicked?
  • The Importance Of Global Capital Flows
    • They're determining the price of everything

As 2017 kicks off, Chris sits down with Charles to discuss some of the big themes likely to drive events in this new year. The two focus on the growing instability of our centralized systems -- economic, energy and otherwise -- and pay particular attention to the impact that the huge pool of money sloshing around the world is having on prices everywhere. Right now, that flood of capital -- out of bonds and into stocks, the dollar, etc -- is the primary driver of prices. Of course, this should make us ask: what will happen when those flows change direction? Or instead of continuing to grow, start receding?

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