Financial Survival Network
2,724 episodes - English - Latest episode: 12 days ago - ★★★★ - 31 ratingsA show about how to thrive in the New Economy. It's All About What's Next!
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Episodes
Buy the Rumor and Sell the Fact - John Rubino #4580
November 26, 2019 13:01 - 33 minutes - 45.8 MBLast piece of fake good news? China trade deal coming? Not so fast. Phase 1 is the easy part. Bloomberg enters the presidential fray. Is he for real? Deval who? They’ve lost faith in Biden and they’re completely panic-stricken. Neither of these candidates has a prayer. They’ve jumped in very late and really can’t be taken as serious candidates. The idea of a Bernie candidacy has smoked them out. New report out about divergences in the economy. Corporate share buybacks are down year over year...
Better a Melt-up than a Melt-down - Eddie Ghabour #4579
November 26, 2019 13:00 - 18 minutes - 25.2 MBWalmart jumped pre-market after the company reported Q3 EPS that beat expectations and boosted its year end earnings outlook. The largest US retailer reported Q3 adjusted EPS $1.16, stronger than the estimate of $1.09 and 8 cents higher than a year ago on revenue of $127.99 billion, slightly below the consensus est. of $128.67 billion which was a $3.1 billion or 2.5% increase from a year earlier. Q3 adjusted EPS excluded a non-cash impairment charge of $0.06, net of tax, and an unrealized gai...
Rethinking the Dollar with Mike Manwell #4578
November 25, 2019 13:01 - 25 minutes - 35.3 MBMike was a professional athlete and experienced who traveled the world widely, often using other country’s currencies. That got him thinking about the US Dollar and about money. As Mike said people just take money for granted, especially the millennial generation. Mike originally targeted his show and site towards these millennials, but lately has realized that Boomers are at risk and need the information he conveys, now more than ever. The reboot of the monetary system is currently underway ...
Digital Economics Strikes the Home and the Office - Naresh Vissa #4577
November 25, 2019 13:00 - 29 minutes - 40.2 MBThe digital economy went bust in 2001. Companies started seeking better more cost-effective ways of doing business. Now you can outsource everything, services and manufacturing, etc. It’s more efficient and improves the bottom line. When the next recession hits, it will be the next transformation of the global economy. Naresh is seeing it with his own business, his services have displaced employees and has increased client capabilities. The need to attend trade shows is diminshing. Their cost...
Value is Not Dead Yet - Will Thomson #4576
November 22, 2019 13:00 - 25 minutes - 34.3 MBWill Thomson runs Massif Capital, a value fund. Massif's investments are limited to just 3 sectors: mining, energy and infrastructure. While value investing is now out of favor, Will isn't worried. These sectors are vital to the economy and they're greatly under-invested. Things have a way of turning around and when they do, it's the contrarians that make the big returns. With a 3-5 year time horizon, Will can afford to wait for that moment. Right now, he's bullish on gold mining, largely due...
When Will the Party End - Brad WIlliams #4575
November 21, 2019 13:01 - 22 minutes - 30.7 MBThe number of Americans filing applications for unemployment benefits fell more than expected last week, consistent with strong labor market conditions and continued job growth. Initial claims for state unemployment benefits decreased 8,000 to a seasonally adjusted 211,000 for the week ended Nov. 2, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast claims would...
The Fake Impeachment Op - Brian Boyd #4574
November 21, 2019 13:00 - 21 minutes - 29.3 MBSome of the upcoming testimony in the impeachment proceedings will come from career intelligence and military officers. At least one of whom says he was on the phone call to the Ukranian president. So how does this all work? And who is really on a call the president makes? "That is a very good question," says Intelligence, Counter Terrorism Specialist, former Green Beret and long time government insider Brian Boyd (see short bio below)."I have my doubts when I hear people recounting what tra...
The Market Can Keep Hitting New Highs - Nick Santiago #4573
November 20, 2019 13:01 - 18 minutes - 25.9 MBAs long as there’s light volume in the market, it can continue to go higher and make new highs. However, when we get a huge volume day, 85 million shares or higher volume on the SPDR and the market heads south, then it’s look out below. Intra-day sell-offs on light volume are bullish. Pull up a daily chart of the SPDR and you’ll see every major turning point. They all happened with high volume on the sell side. Nick believes that the Fed knows something that isn’t being told to the public. Wh...
On Becoming a Land Geek - Scott Bossman #4572
November 20, 2019 13:00 - 17 minutes - 24.3 MBScott Bossman is a physical therapist, husband, and father of four who got his start in the world of land investing about 4 years ago. When he realized his physical therapy career just didn’t allow him the financial freedom he really wanted, he started doing some research to find a passive income option that would help him design a life on his terms. He became a student of Mark “The Land Geek” Podolsky in 2015, and has kept his nose to the grindstone with Mark’s tried-and-true system for gene...
Civil Unrest Everywhere - John Rubino #4571
November 19, 2019 13:01 - 26 minutes - 36.9 MBEverywhere you look civil unrest is breaking out. Iran, Mexico, Hong Kong, France, Chile and a host of other country. John attributes it all to excessive debt which is leading to a decline in the standard of living and shrinkage of the middle class. Also, the erosion of the rule of law is helping to cause a dissolution of Western Civilization. The unrest isn’t the problem, it’s merely a sympton. Government then makes concessions and the demonstrations continue. Witness Hong Kong. They’re shoo...
Don’t Count Gold Out Yet, Everything is in Place - Peter Hug #4570
November 19, 2019 13:00 - 32 minutes - 43.9 MBDoubtful that a China deal will happen. Brexit is delayed but not forgotten. The stock is just not valid from a fundamental perspective. Risks are to the downside. Tax-loss selling ahead. The Fed will have no choice but to cut in 2020. After the spectacular run up in metals it make sense that there would be a pullback. Trillion dollar deficits, China in a slow down, how can it be bearish for gold? Anyone sourcing product out of China is seeing their costs go up and it will eventually be passe...
Is CBD for Real - Jay Grover #4569
November 18, 2019 13:01 - 18 minutes - 25 MBWhile CBD may not be a cure all, it seems to help anxiety and back pain. The body actually has a system for producing and using CBD. CBD appears to effectively treat Epilepsy and helps control convulsions. The problem is that big pharma wants to take it over. Jay says he’s got a lot of repeat customers. It’s very does specific to the individual. There really isn’t anybody who can accurately prescribe exact amounts. Too much isn’t a good thing. And too little won’t help either. Method of inges...
Sorry to be Boring (Company That Is) - Danielle Park #4568
November 18, 2019 13:00 - 27 minutes - 37.9 MBElan Musk's Boring Company could be his greatest innovation to date. One day while sitting in his car, making the commute and getting stuck in the famous LA traffic, it occurred to Elan, as it so often does, that we're going about this transportation thing all wrong. Why not dig tunnels and put all the traffic underground? Thus the Boring Company was born. Using high-speed low-cost tunneling equipment derived from his Tesla EV technology, he's managed to bring the price of tunneling down from...
Tis the Season to be Defrauded - Heather Wagenhals #4567
November 15, 2019 13:01 - 17 minutes - 24.5 MBWatch out for digital payment services. It’s all in your phone and the fraudsters are out there taking your data. Through the miracle of the NFC (Near field communication) protocol, thieves can steal your financial info in a flash. Beware of fuel thieves, especially in Florida. They steal credit card data and then go to gas stations and load up their hidden tanks with a few hundred gallons. Then you get charged and the gas station is left to pick up the tab. While you’re busy with your life a...
Who's Side are They On - Robert Spencer #4566
November 15, 2019 13:00 - 22 minutes - 30.7 MBA hero of the Left has passed away. One of the most famous undead people in the world, the Islamic State (ISIS) caliph Abu Bakr al-Baghdadi has been reported dead yet again, and this time it actually appears to be true. The Washington Post headlined its story about the killing as if Abu Bakr al-Baghdadi was one of their favored anti-Trump intellectuals, dead at a tragically young age: “Abu Bakr al-Baghdadi, austere religious scholar at helm of Islamic State, dies at 48.” Bloomberg wrote that ...
Impeachment Blues - Joel Skousen #4565
November 14, 2019 13:01 - 30 minutes - 41.2 MBJoel has always been in favor of Trump but believes that he’s ill-equipped for the battle. Every law enforcement organization in the nation is connected to the deep state. It’s a case a whack-a-mole. Every time he fires a deep stater, he winds up hiring another. He has to rely upon the advice of main stream republicans who cannot be trusted. The key is whether the deep staters in the Senate will openly vote in favor of the removal. Joel believes that Trump has done nothing illegal. Biden isn’...
Save our Cities from the Homeless Epidemic - Dr. John Huber #4564
November 14, 2019 13:00 - 22 minutes - 30.3 MBAustin has its hearts and sidewalks to the homeless. Following the example of San Francisco the city council passed an ordinance allowing homeless to sleep in virtually any place except the mayor’s home. Finally the Governor stepped in and cleaned the place up. The city has fought back by warning the homeless of impending sweeps. What standard should we use to commit these individuals to mental health facility? The current standard of imminent harm to themselves or to others is not working. I...
US Gold Corp First and Goal - Edward Karr #4563
November 13, 2019 13:01 - 13 minutes - 18.5 MBUS Gold Corp (symbol USAU) reported major news today. CEO Ed Karr is very pleased with the recent drill results that yielded .4 grams per ton of gold. Ed believes that this is the edge or halo of a major gold system. The company's Keystone 20 square mile project is huge and discovering gold here akin to finding a needle in a haystack. But these results further affirm the potential for large gold systems here, with similar potential to the neighboring Cortez Hills district. And while the needl...
What’s Really Wrong with the Repo Market? - Martin Armstrong -Ok Boomer, Ok Millennial, Ok X’er, Ok Z’er - #4562
November 13, 2019 13:00 - 39 minutes - 54 MBMartin Armstrong is back explaining what’s really happening in the Repo market. It’s all about Europe. It’s a function of the Euro’s failure and the march into the safe-haven US Dollar. The Repo crisis is about Deutch Bank going down and the European politicians refuse to bail it out, what happens next? No one wants to merge with it, it’s the red-headed step child of international banking. The US Dollar has no choice but to keep going up. Dow is headed much, much higher. Gold will take off as...
The Medicare for All Fantasy - Sally Pipes #4561
November 12, 2019 13:01 - 23 minutes - 32.1 MBHey Bernie, It's 'Medicare For All' That Would Be 'Cruel' And 'Dysfunctional' During last week's Democratic presidential debate, Sen. Bernie Sanders called the current U.S. healthcare system "dysfunctional" and "cruel." Words like that are more appropriate descriptors of the government-run healthcare systems abroad that Sanders would like to import to the United States. NOTE: President Trump shared this article on Facebook. It was also shared by his official campaign Twitter and Facebook pag...
Things are Getting Better!?! - OK Boomer - OK Millennial -OK Z’er -John Rubino #4560
November 12, 2019 13:00 - 23 minutes - 32.2 MBCLO (collateralized loan obligation) markets starting to tank. Market for risky corporate debt is softening and turning to real junk. Even the WSJ ran a story about people going even further into debt. There's ever more underwater car loans because of negative equity in the consumer's current auto. By rolling over the balance into a new loan, they’re effectively paying interest on interest. How can all of this end well for the country or the consumer?
The Real Costs and Benefits of a College Education - Robert Farrington #4559
November 11, 2019 13:00 - 27 minutes - 37.3 MBThe risks of getting and paying for a college education have never been higher. That's why Robert Farrington's site is so valuable. Robert teaches Millennials how to choose and pay for college. Before undertaking 6 figure debt, it's essential that you have a college strategy. That means, figuring out the value of your eventual diploma, assuming you make it through the rigors of higher education. Robert says, figure out what your 1st year earnings out of college will be and then don't exceed t...
The Market is Headed Much Higher - Peter Hanks #4558
November 08, 2019 13:01 - 18 minutes - 25.9 MBPeter Hanks joined DailyFX as a Junior Analyst after contributing market insights while still a student at Loyola University Chicago where he received his degree in Finance. Actively trading since he was a teenager, Peter focuses on using fundamental analysis to trade around macroeconomic issues, while utilizing technical analysis to find attractive entry and exit points. His experience ranges from spot currency, commodities, stocks and options. In his role at DailyFX, Peter centers his atten...
The Left has Lost The Culture War - Bill Whittle #4557
November 08, 2019 13:00 - 35 minutes - 48.2 MBAccording to noted columnist and expert Bill Whittle, the Right has already won the culture war. It's hard to believe, given how left-wing Hollywood is, but he's convinced it's true. There's a lot of evidence to back up his thesis. Movies that feminize men and seek to push the progressive agenda are getting killed at the box office. Left-wing news outlets are dying a painful death. How much longer before the social justice warriors acknowledge defeat and throw in the towel?
Decriminalize Prostitution Now - Kaytlin Bailey #4556
November 07, 2019 13:01 - 24 minutes - 33.5 MBShould Sex Work Be Decriminalized? Elizabeth Warren; Bernie Sanders and Kaytlin Bailey say yes. Prostitution has been called the world's oldest profession. But outside of a handful of counties in Nevada, it's illegal in the U.S. A movement is now gaining traction to decriminalize sex work. The City Council in Washington, D.C., and the New York state Legislature are considering separate decriminalization bills. Under decriminalization, selling and buying sex would still be illegal but would ca...
This Bull Market is Ready to Take Off - Crista Huff #4555
November 07, 2019 13:00 - 27 minutes - 37.9 MBCrista Huff is bullish on the stock market. So are we. But is it really just a melt up or is it a sign that the real economy is taking off? We don't really know the answer to that one yet. But we do know that a trend in motion stays in motion. And right now the trend is bullish, so until it stops, we have higher numbers to look forward to.
Repo Rot Continues - Dave Kranzler #4554
November 06, 2019 13:01 - 27 minutes - 37.6 MBThe Fed would like you to believe that there’s nothing to see here. Just a seasonal blip and there’s no reason to be concerned. Dave believes there’s something far more profound taking place. Could all the credit bubbles be getting ready to pop? Is there major bank asset deterioration taking place? It’s not just the debt, it’s all the derivatives that are wrapped up around the debt. If the underlying debt blows up, so will the derivatives that were created to profit off of it. There’s a good ...
What Will Run out First, The Chickens or The Eggs - Ned Schmidt #4553
November 06, 2019 13:00 - 20 minutes - 28.4 MBThe swine flu epidemic in China has reached a new phase. Chinese are now switching from pork to chicken. Currently there’s a Chinese Embargo on the importation of US chicken products, which will probably be lifted shortly. Egg demand is also increasing dramatically. Which leads to the question, Which leads to the question, which will they run out of first, the chickens or the eggs? Ned recommends a number of companies that will profit from this state of affairs. Finally, will the swine flu e...
Mickey Fulp's Monthly Major Market Review (October 2019)
November 05, 2019 14:37 - 14 minutes - 19.5 MBStock markets were up again in October with DJIA up .5%. Dollar was down 2%. Euro up to 112. Bitcoin up to 9131. Metals were up with gold closing at 1512 and silver closing at 18.07. Palladium shot up again to 1780. WTI flat. Uranium down to 24. Pt to Pd still at all time low of .53. Gold to silver eased to 83.7. Till next month! DJIA 10/31/19 27046 0.50% S&P 500 10/31/19 3038 2.00% NASDAQ 10/31/19 8292 3.70% RUS 2000 10/31/19 1562 2.60% TSX 10/31/19 16483 -1.10% TSX.V 10/31/...
Fake Good News - John Rubino #4552
November 05, 2019 13:00 - 25 minutes - 35.4 MBThe Fed has no choice, once they started cutting rates, they have to continue to cut rates. No doubt there will be a trade deal with China. They’re out there looming and the financial markets like these headlines. It sells and that’s all that matters. Record highs on Wall Street. It doesn’t matter that there’s no long term solution, everyone has to wear a happy face. But eventually, real news will prevail. We’re in the midst of an 11 year bull market. The average is 6 years, so where does tha...
Major Happenings at Trilogy Metals with Jim Gowans #4551
November 04, 2019 18:30 - 23 minutes - 32.1 MBTrilogy Metals is on the cusp of a major expansion/transition. And renowned mining veteran CEO Jim Gowans is the man to lead them through the next phase. Trilogy's Ambler District is what he calls a stranded asset. A polymetallic project with huge amounts of copper, zinc, lead, silver and gold, it's remote location in the Arctic Circle has kept it off the radar until recently. While the resource has long been known to exist, its harsh inaccessible venue made development extremely challenging....
Right on the Fed and Right on Gold - Craig Hemke #4550
November 01, 2019 12:01 - 25 minutes - 34.6 MBMonths ago Craig said on this show that the Fed would soon be cutting interest rates and that gold was looking just the way it did in 2009, just before its meteoric rise. He’s been right on both counts as gold took off and the Fed has just cut rates for the third time this year. But of course they’re very hesitant about the next cut, but will they do it just the same? Find out more of what’s in store in this interview.
Gold on Brink Chris Vermeulen #4549
November 01, 2019 12:00 - 22 minutes - 31.1 MBAccording to Chris Vermeulen gold is finishing its consolidation and will soon be heading into to much higher territory. The stock market is finishing it’s 10 year old bull market as well. Cycles are turning and there’s just no getting away from it
To Vape or Not to Vape - Dr. Joel Nitzkin #4548
October 31, 2019 12:00 - 24 minutes - 33.8 MBThe recent vaping scare has been caused by illegal black market THC cartridges. I has nothing to do with nicotine vapors. There's no high school vaping epidemic. While huge numbers of kids are experimenting, very few are becoming smokers. Less than 3 percent of all vapers are children and less 1 percent of the total papers are children. The banning of the flavors will do nothing to reduce nicotine use. The absence of the flavors will hurt people trying to give up cigarettes. It's the Classic ...
Prima Facie Corruption - Frank Vernuccio #4547
October 30, 2019 12:00 - 12 minutes - 17 MBCorruption in the swamp knows no bounds. The Bidens have been cashing in on Joe Biden's political connections for years. Whether it's Ukraine, China or Romania, they've had their hands out. Now they're trying to blame Trump for their own corrupt acts. And now there's Bull Durham. His investigation has officially become a criminal matter. Can a grand jury and indictments be far behind? Some might call it a coup and others may call it treason. Will heads roll and indictments follow?
No Silver Shortage for Now - David Morgan #4546
October 29, 2019 12:01 - 24 minutes - 33.1 MBThe fundamental case for precious metals has never stronger. Earlier in the year the technical case became overwhelming and we saw major price increases in gold and silver. Now the market is taking a breather, but we could well see the traditional Q4 rally could take prices much higher. There have been persistent rumors about a coming silver shortage, but David is unconvinced. But that doesn't mean there's not one looming, especially if investment demand picks up.
Ivan Bebek and Auryn Resources - On the Move #4545
October 29, 2019 12:00 - 24 minutes - 33 MBWhile recent Committee Bay's drill results have been extremely encouraging, the major action is taking place at the Auryn's Sombrero project in Peru. Already a huge 1200 square kilometers, they've staked out another 8500 hectares of additional land. Best of all, permitting is moving ahead unimpeded. Ivan believes issuance will be done shortly. And then there’s Curibaya. It’s on a confluence of two major belts. 22 samples have been taken of multi-kilo per ton silver. Could there be a world-cla...
The Retirement Income Stor-E - David Scranton #4544
October 25, 2019 12:01 - 16 minutes - 22.7 MBPoised to Break Wall Street’s Stronghold on The Way Americans Save for Retirement, David J. Scranton’s latest book, The Retirement Income Stor-E: The Story behind The Launch of The Retirement Income Store. The book is about to shatter many of the myths that Wall Street bankers have promoted and protected for decades. Myths like: “Over the long run, the stock market always outperforms other asset classes.” Or, “High P/E Ratios are no reason to worry.”David Scranton says, “The simple truth is t...
Orwell was an Optimist - Greatest Depression 2021 - Gerald Celente #4543
October 25, 2019 12:00 - 24 minutes - 34.2 MBZero interest rates are pushing the world into the Greatest Depression. There’s no stopping it. QE4 by any name is underway. Increased social unrest is spreading around the globe. In just the past week over a dozen countries are erupting. It’s anti-establishment and anti-elite. The people are fed up with losing everything they have, while the rich get richer. It’s beginning to look like George Orwell was an optimist. Left unchecked by the people, this destabilization will lead to an enhanced ...
Bernie or Bust Part II - Victor Tiffany #4542
October 24, 2019 12:01 - 31 minutes - 42.8 MBBernie has health issues. Can he keep up the fight? Should he choose a VP right now? Would Tulsi Gabbard be an ideal running mate? And how much will Medicare for All really cost? I talk extensively with Victor Tiffany who authored the book Bernie or Bust: Pioneers of Electoral Revolt. He's also organized a PAC and is all in for Bernie. Interestingly, he's never personally met Bernie, but would gladly serve in a Sanders Administration. Good luck on that!
None Dare Call it QE4 & Getting to the Bottom of the Repo Mess w/ Lynette Zang #4541
October 24, 2019 12:00 - 35 minutes - 49 MBAmong the largest participants in the Repo market is the money market fund industry. They were badly burned in 2008-09. If you're wondering where they keep all those billions on deposit, this is the place. Now there seems to be a loss on confidence and the Fed is rushing to fill the gap. Could this be QE4 by any other name?
Not Sitting Back Waiting for Trump Impeachment - Amy Kremer #4540
October 23, 2019 12:01 - 22 minutes - 31.2 MBAmy Kremer was one of the founders of the modern day Tea Party movement, but she's moved on. She's a s a Co-Founder and Chair for Women for America First and a former congressional candidate. She organizing protests around the country to help stop the madness. She even has one planned at Lindsay Graham's office. He's the head of the Senate Judiciary Committee and thus far has done nothing. Amy is hoping to help put a stop to the non-sense.
Swampy Kleptocrats Rule - Adam Andrzejewski #4539
October 23, 2019 12:00 - 24 minutes - 34.2 MBAdam Andrzejewski has made it his life's purpose to expose the nefarious doings of the swamp. In a recent study, he showed how easily politicians line their pockets. Companies that rely upon Washington's largess regularly contribute to their hometown congressman to keep the pork flowing. Some congressmen even form companies to manage their campaigns and pay themselves richly for services rendered. Something has got to give. Citizens are growing very wary and disgusted of such self-dealing pr...
Trendless Market at the Moment - Nick Santiago #4538
October 22, 2019 12:01 - 19 minutes - 27 MBWhen volume is low look for increased prices.When volume goes higher, look for declines. Volume has trailed off since the October sell-off. We’re not in a bear market yet. Prices remain above all their moving averages and indicators. Nick believes we’re not in a bear market. It’s a trendless market, but since the May low, we’ve made higher lows, so there’s a slight upside bias. One thing that everyone needs to be aware of is if we make a lower low. Then we could see a major decline. Gold is ...
Civil Unrest is Spreading - John Rubino #4537
October 22, 2019 12:00 - 28 minutes - 38.9 MBRiots have become the norm in France, Ecuador, Hong Kong and now Chile. John sees this as a function of out of control debt and the running out of other people's money. The US could find itself in a similar situation after the election. There's a belief among the world's population that corruption has become the norm and that there's no way to reign it in. This could lead to half the nation believing that the election will be stolen and therefore a rejection of the outcome, regardless who wins.
Follow the Money to China - Jerry Robinson #4536
October 21, 2019 12:00 - 30 minutes - 41.6 MBJerry Robinson is bullish about the Chinese Economy. He believes that it's already surpassed the US economy and is now number 1. That's not necessarily good news for the world. There's Hong Kong, the NBA and a country that doesn't even pretend to respect human rights. But that doesn't change the reality and it's something that we all need to accept.
California's Stalinist Theme Park is Crashing - Joe Messina #4535
October 18, 2019 12:01 - 34 minutes - 46.8 MBIf politicians deliberately set out to destroy a state, it would look like California. It's not enough having the highest taxes in the nation, the worst business environment, emptying out the jails and driving the middle class to other states, they're doing their best to accelerate the trend. And let's not forget homelessness. The state is completely unable and unwilling to deal with it. Which has led to a recall petition for Governor Newsome and LA Mayor Garcetti. Most states try to avoid bl...
Women Profiting Bigly From Trump Economy - Rose Tennent #4534
October 18, 2019 12:00 - 19 minutes - 26.9 MBRose Tennent works with female entrepreneurs and is pleased to inform us that women are doing extremely well under the Trump economic policies. Female employment has never been higher. Over half the 6 million jobs created under the current admin have gone to women. Best of all Rose believes that this trend will continue and even accelerate under a second Trump term. Now that's change we can all believe in.
Canada Elections - Danielle Park #4533
October 17, 2019 13:01 - 22 minutes - 31.3 MBJust like in the US, elections in Canada have become a race to the bottom. Economies around the world are weakening. No one is trying anything new or different, politicians that is. Looks like another bank bailout could be in the offing. No modern politician wants to be known as the person that brought down the global financial system. And that means more of the same, bailouts and kicking the can down the road. Let's hope that our neighbors to the north have a better idea, but don't count on ...
Repo Implosion Wrap-up with a Touch of QE4 - Gordon T. Long #4532
October 17, 2019 13:00 - 26 minutes - 36.1 MBGordon T. Long joined for a review of the recent disruptions in the Repo market and what are its possible causes. The Fed has come to its rescue so all is well. But are we actually witnessing stealth collapses of major banks? The Fed is being quite opaque on the subject. In other news, the Fed is buying $60 billion per month in securities, a/k/a QE4. There's much more here.