In this week's Off the Cuff podcast, Chris and John Rubino discuss:
- Janet's Joy Juice
- The Fed speaks and markets soar
- Currency Crashes
- Venezuela & Russia are showing us the risks of fiat money
- Oil's Collateral Damage
- The 40% price drop is having real consequences
- What The Next Crash Will Look Like
- Why past crashes may not be a good guide
So…the Fed released its latest minutes yesterday and changed its guidance on rate hikes from "considerable time" to being "patient". Now the Dow is 500 points higher. Not bad for a day's work.
The market is back in full confidence that the Fed "put" is indeed alive and well. If the economy starts looking rocky — no worries! — QE4 will bail everybody out.
The US markets feel bulletproof right now, and with more capital sloshing in from the weakening perifery, they will continue to look robust. But beneath the teflon veneer, things are much worse than they seem.
In this week's Off The Cuff, Chris and John discuss the growing litany of potential pins to puncture the flotilla of global asset bubbles. The wrenching drop in the price of oil may very well deliver the fatal prick, as not only will it hit US GDP and employment, but it threatens to ignite a conflagration across the high yield debt markets.
by thetallestmanonearth