Off The Cuff: Race For The Exit

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

• The Fab 5
  • Without these 5 stocks, the S&P would be negative for the year
• The "Positive" Impact Of The Paris Attacks
  • Are they kidding???
• The Insatiable Military Industrial Complex
  • Crisis is being fabricated to keep it fed
• Housing Is Looking Sick
  • More and more weakness is showing

Whoo-boy…where to start this week?

In this week's Off The Cuff, Chris and Mish take a romp around the financial markets, through the terrorist and refugee problems ailing Europe, and end with an assessment of gold, the commodity complex in general, and the US housing market.

Both conclude the time of a secular shift has to be soon, as the forces of intervention that have been propping up the interconnected asset bubbles around the globe are waning. As Chris concludes:

When the central banks lose control of the story and the narrative. When that happens, I think it is just going to be an absolutely gigantic race for the exit.

One of the things I get to do, Mish, I get to hang out in these venues where there are people there who run major hedge funds. They are big names. People would recognize them. When I talk to them they are all just mystified, nervous, concerned, absolutely convinced that the central banks have gone too far.