In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- The Traumatized National Psyche
- Will 2017 see a healing?
- Bursting Bubbles Multiplying
- China, home sales, auto loans…
- QE For The People
- It's coming, and we'll all regret it
- The Pension Time Bomb
- Insolvency is a "when", not an "if"
John Rubino joins Chris this week to discuss the biggest trends most likely to define the course of 2017. He sees populist spending programs, deflating asset bubbles, and the slowdown of China at top of the list:
A lot of little mini bubbles are starting to burst, which I think you know 2017 was already going to be really interesting but it is going to be even more interesting because sectors of the economy that were not full fledged 2006 sub prime mortgage level bubbles, but they were still bubbling, are starting to leak. For instance, home sales in the US are starting to roll over as mortgage rates go up and auto sales which it was kind of a bubble with more and more sub prime loans being written and longer loan terms and bigger loan amounts and etc., etc. taking place and now that is starting to roll over as we pretty much leant money with anybody with a heartbeat who wants to buy a car there is not too many people left to buy new cars and therefore auto sales are slowing down and big car companies are starting to close plants in order to let their inventories get back into balance.
by aggrivated