Podcast
by
Chris Martenson
As expected, markets are beginning to act as if the world’s largest money-printing experiment, QE II (quantitative easing), is really going to end. My views here, first expressed in The Coming Rout (March 8) and reiterated since, is that commodities will get hit first and hardest, then stocks, and then bonds, beginning with weaker issues first before progressing towards the center.
This process is unfolding right in line with my expectations. The next few months may well prove to be far more interesting than your average summer, although my preferred time for real difficulties remains early fall.
To begin our coverage, the stock market was off to a truly horrible start today, plunging by a couple of hundred points (Dow) before finding a base, and then being ‘rescued’ by a late day rumor that the Greece situation had been resolved.
Here’s the rumor:
Oil, Greece, and a Bounce in the Markets
PREVIEW by Chris MartensonAs expected, markets are beginning to act as if the world’s largest money-printing experiment, QE II (quantitative easing), is really going to end. My views here, first expressed in The Coming Rout (March 8) and reiterated since, is that commodities will get hit first and hardest, then stocks, and then bonds, beginning with weaker issues first before progressing towards the center.
This process is unfolding right in line with my expectations. The next few months may well prove to be far more interesting than your average summer, although my preferred time for real difficulties remains early fall.
To begin our coverage, the stock market was off to a truly horrible start today, plunging by a couple of hundred points (Dow) before finding a base, and then being ‘rescued’ by a late day rumor that the Greece situation had been resolved.
Here’s the rumor:
by
Chris Martenson
"Straight Talk" features thinking from notable minds that the PeakProsperity.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.
This week's Straight Talk contributor is Frank Barbera, one of the top experts on precious metal mining companies and editor of the respected Gold Stock Technician newsletter. In his analysis for investors, Frank overlays a macro outlook on top of highly-rigorous technical analysis, and employs a market-timing based approach to reduce the inherent volatility within this high-beta sector. For many years Frank has also managed private equity capital, most notably for the Caruso Fund, with particular focus on precious metals, energy and currencies.
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1. How do you view gold and silver prices at current levels?
Gold and Silver both look to be in fairly good shape technically, with Gold still acting exceptionally robust.
Straight Talk with Frank Barbera: Time to Seek Defense Against ‘Hyper-Stagflation’
by Chris Martenson"Straight Talk" features thinking from notable minds that the PeakProsperity.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. The comments and opinions expressed by our guests are their own.
This week's Straight Talk contributor is Frank Barbera, one of the top experts on precious metal mining companies and editor of the respected Gold Stock Technician newsletter. In his analysis for investors, Frank overlays a macro outlook on top of highly-rigorous technical analysis, and employs a market-timing based approach to reduce the inherent volatility within this high-beta sector. For many years Frank has also managed private equity capital, most notably for the Caruso Fund, with particular focus on precious metals, energy and currencies.
p.p1 {margin: 0.0px 0.0px 6.0px 0.0px; font: 13.0px Verdana}
1. How do you view gold and silver prices at current levels?
Gold and Silver both look to be in fairly good shape technically, with Gold still acting exceptionally robust.
by
Chris Martenson
Today we’re introducing something new that we think you’ll enjoy.
From time to time, in between the long hours Chris spends compiling his in-depth reports or preparing for interviews, I’m able to coax him to put down the keyboard. These fun, fascinating moments are one of the best perks of my job: I get to chew the fat with Chris about interesting developments of the day and hear his unfiltered, work-in-progress thinking.
I feel kind of guilty about my good fortune here. I know there are many of you who would dearly love this opportunity to sit down informally, one-on-one with Doc M and just watch his brain run. So, we’re going to try to give our enrolled members the best substitute for this experience we can – actually, a bit better.
Better because we’re recruiting someone of Chris’ intellectual horsepower for him to spar with. My ego might be bruised if it weren’t another of my personal heroes: Mike “Mish” Shedlock, proprietor of the very popular and extremely well-regarded econoblog, Mish’s Global Economic Trend Analysis.
Introducing ‘Off The Cuff with Mish & Chris’
PREVIEW by Chris MartensonToday we’re introducing something new that we think you’ll enjoy.
From time to time, in between the long hours Chris spends compiling his in-depth reports or preparing for interviews, I’m able to coax him to put down the keyboard. These fun, fascinating moments are one of the best perks of my job: I get to chew the fat with Chris about interesting developments of the day and hear his unfiltered, work-in-progress thinking.
I feel kind of guilty about my good fortune here. I know there are many of you who would dearly love this opportunity to sit down informally, one-on-one with Doc M and just watch his brain run. So, we’re going to try to give our enrolled members the best substitute for this experience we can – actually, a bit better.
Better because we’re recruiting someone of Chris’ intellectual horsepower for him to spar with. My ego might be bruised if it weren’t another of my personal heroes: Mike “Mish” Shedlock, proprietor of the very popular and extremely well-regarded econoblog, Mish’s Global Economic Trend Analysis.
by
Chris Martenson
Understanding The Endgame
Wednesday, June 8, 2011
Executive Summary
- Greece as a case-study in sovereign debt collapse
- Why peak oil assures we will not be able to pay our debts
- Understanding the dynamics of a future of less/no growth
- Steps we as individuals need to be taking in preparation
- How to preserve purchasing power during the coming market rout
Part I – Death by Debt
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II – Understanding The Endgame
How might the end game for a debt crisis play out? We need look no further than one of the PIIGS for our answers.
Greece
Greece is in immediate danger of defaulting on its sovereign debt. As one of the charts in Part I makes clear, the pain of such a default will land primarily on German, French, and UK banks. Sure, they can probably kick the can down the road a bit longer, but it won’t change anything.
The levels of Greek sovereign debt alone are far beyond anything that can reasonably be repaid, even under very aggressive growth scenarios.
Understanding The Endgame
PREVIEW by Chris MartensonUnderstanding The Endgame
Wednesday, June 8, 2011
Executive Summary
- Greece as a case-study in sovereign debt collapse
- Why peak oil assures we will not be able to pay our debts
- Understanding the dynamics of a future of less/no growth
- Steps we as individuals need to be taking in preparation
- How to preserve purchasing power during the coming market rout
Part I – Death by Debt
If you have not yet read Part I, available free to all readers, please click here to read it first.
Part II – Understanding The Endgame
How might the end game for a debt crisis play out? We need look no further than one of the PIIGS for our answers.
Greece
Greece is in immediate danger of defaulting on its sovereign debt. As one of the charts in Part I makes clear, the pain of such a default will land primarily on German, French, and UK banks. Sure, they can probably kick the can down the road a bit longer, but it won’t change anything.
The levels of Greek sovereign debt alone are far beyond anything that can reasonably be repaid, even under very aggressive growth scenarios.
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