In this week's Off the Cuff podcast, Chris and Mish discuss:
- Guess The 2nd Best-Performing Currency of 2014
- Hint: It's yellow. And shiny.
- China: Due For "A World of Hurt" in 2015
- Starting the year off with a run on bank deposits
- Self-Delusion
- Critical thought is completely absent from western media
- Oil
- The further prices go down now, the higher they'll spike later
Good-bye 2014. And good riddance.
Little of what happened in 2014 made rational sense. The central planners succeeded in keeping "reality" well-contained, forcing it to conform to their agenda.
Of course, those reading this know that can't continue forever. So, will 2015 be different?
Chris and Mish think so. Too many cracks are appearing around the world for comfort. And no country is prepared for a departure from the status quo. The world has figuratively bet all of its chips on business as usual, making a little caution here for us open-minded individuals more than a little prudent.
But at the high level, both Chris and Mish enter 2015 with growing trepidation. They'd be the first to tell you that the half-decade of central bank rescue efforts has sustained things for far longer than they expected. But, as with physics and mathematics, the more standard deviations an object travels from its natural steady-state, the more vicious and violent the inevitable reversion is.
by hotrod