Michael Eastham paints a very upbeat positive picture, but you always need to be aware of the inherent risks in the market. This time isn't going to be different. 

U.S. jobless claims fall to 45-year low
- The number of Americans filing for unemployment benefits fell more than expected last week to the lowest level in 45 years, but the decline likely overstated the health of the labor market as data for several states were estimated.

Initial claims for state unemployment benefits dropped 41,000 to a seasonally adjusted 220,000 for the week ended Jan. 13, the lowest level since February 1973, the Labor Department said on Thursday. Claims for the prior week were unrevised.

Economists polled by Reuters had forecast claims falling to 250,000 in the latest week. Claims had increased over the previous four weeks, with economists blaming difficulties adjusting the data for seasonal fluctuations around moving holidays and unseasonably cold weather.

The Labor Department said claims for California, Arkansas, Kentucky, Maine, Hawaii, Virginia and Wyoming were estimated. Government offices were closed on Monday for the Martin Luther King holiday.

It also said claims-taking procedures continued to be disrupted in the Virgin Islands months after they were battered by Hurricanes Irma and Maria, while claims processing in Puerto Rico was still not back to normal.

Last week marked the 150th straight week that claims remained below the 300,000 threshold, which is associated with a strong labor market. That is the longest such stretch since 1970, when the labor market was much smaller.

The labor market is near full employment, with the jobless rate at a 17-year low of 4.1 percent.

Last week, the four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 6,250 to 244,500. The claims data covered the survey week for January’s nonfarm payrolls.

The four-week average of claims rose 8,500 between the December and January survey periods, suggesting some moderation in the pace of job growth. Nonfarm payrolls increased by 148,000 in December after surging by 252,000 in November.

Job growth is slowing as the labor market nears full employment. There has been an increase in companies reporting difficulties finding qualified workers. There are about 5.9 million job openings in the country.

In its Beige Book report of anecdotal information on business activity collected from contacts nationwide, the Federal Reserve said on Wednesday that “most districts cited on-going labor market tightness and challenges finding qualified workers across skills and sectors.”

Thursday’s claims report also showed the number of people receiving benefits after an initial week of aid increased 76,000 to 1.95 million in the week ended Jan. 6. The four-week moving average of the so-called continuing claims gained 4,000 to 1.92 million.

Direct download: Michael_Eastham_22.Jan.18.mp3
Category:general -- posted at: 1:16pm EST

We're in the everything bubble, enjoy the ride! It feels new to the newbies but for the rest of us it's the same old, same old. We should have learned our lesson already, but we haven't. Younger generations come around and have no sense of history or bubbles. It's interesting and fun and frustrating. 

Direct download: John_Rubino_22.Jan.18.mp3
Category:general -- posted at: 12:45pm EST

Dr. Cliff Gross is leading up a team to develop AR (Augmented Reality) glasses available to all. Unlike the Google Glasses released several years ago, these spectacles will greatly enhance a user's visual experience and ability to interact. And they look pretty darned good too. A number of links to crypto-tokens will make the experience a commercial success as well. The company Lucyd has a large patent portfolio combined with a number of PHD's working non-stop to make it happen. 

Direct download: cliff_gross_Lucyd_19.Jan.18.mp3
Category:general -- posted at: 3:38pm EST

While attending the North American Bitcoin Conference, we learned that for every developer there are 14 job openings. Now wonder a newly minted Blockchain programmer is pulling down a cool $160k per annum. That's why Jason King jumped in with both feet. He's seeking to massively grow the number of qualified developers. And best of all, student loans are plentiful. This is actually an area where student loans make great economic sense. And veterans are ideally situated to take advantage of the opportunity. Expect a mass influx into the space. 

Direct download: Blockchain_Acadamy_19.Jan.18.mp3
Category:general -- posted at: 3:30pm EST

The Blockchain has the potential to change the world. Cool Cousins Travel is seeking to use Blockchain technology to make world travel much more enriching and rewarding. Specialized guides around the world are working with travelers to help guide them through numerous localities, providing them with lists of places to go to as well as places to avoid. These Cousins should prove an irresistible aid to wannabe world travelers. 

Direct download: cool_cousin_travel_19.Jan.18.mp3
Category:general -- posted at: 3:29pm EST

Money & Work Unchainedm started when Charles asked himself: "When we dream of the future of our society, are we hoping for the right things?"

The current conventional-wisdom view of our soon-to-be future is rose-tinted: automation will free millions of people from the drudgery of work, then by taxing the robots doing all the work, we can pay everyone Universal Basic Income (UBI), enabling a life of leisure and artistic pursuit for all. The result: A future of Universal Happiness.

But is this accurate? Is this what UBI is actually capable of doing? More importantly, is this what we want?

And even more importantly: will this “future” be our best future? Will it account for and manage the practicalities of work, money and automation, given the limits of endless growth on a finite planet?

Money and Work Unchained drags the now-popular concept of Universal Basic Income (UBI) from the shadows of Pundit blather into a harsh, illuminating light, and in doing so presents an entirely new view of the future that upends our conventional, foundational, understanding of work and money.

This book lays out a practical pathway that realigns work, money and human fulfillment into a sustainable system that sheds the inequalities and injustices of the status quo in favor of a human-scale way of living.

And – it gives us a future to truly hope for.

Direct download: Charles_Hugh_Smith_17.Jan.18.mp3
Category:general -- posted at: 2:35pm EST

Gerald believes that the US has a major problem. The middle class is continuing its descent into oblivion. The big corporations don't care and are accelerating the trend through their unabashed greed. Gerald doesn't see an upside due in large part to the dumbing down of America. Until people are no longer willing to tolerate the situation, it will continue unabated. 

Direct download: Gerald_Celente_17.Jan.18.mp3
Category:general -- posted at: 2:28pm EST

Rick Rule joined us today and had some huge news. The wizards of Sprott have been working overtime to bring us a gold-backed/convertible crypto currency. Imagine taking your token and exchanging it for gold! The physical gold will be stored by the Royal Mint of Canada. As Rick likes to say, "Imagine your gold being protected by NATO." There's going to be a tremendous add-on market for ancillary services once the currency is widely excepted and distributed. And perhaps the reason for precious metal ETF's will diminish or even disappear. And to think it's all going to start within a week to 10 days. Now that's change you can believe in!

Direct download: Rick_Rule_17.Jan.18.mp3
Category:general -- posted at: 1:43pm EST

It's no secret that stock markets are at already unsustainable levels and getting more so every day. This has led otherwise intelligent people to question whether standard security valuation tools are still relevant. When prices are rapidly increasing it's easy to believe that valuations don't matter. However, at such time when the market inevitably corrects, Danielle's belief (and mine too) is that valuations really do matter and in fact one many so-called investors are going to realize it as well. 

Direct download: Danielle_Park_16.Jan.18.mp3
Category:general -- posted at: 1:44pm EST

James Hirsen highlights Hollywood's sexual abuse problems in his recent column. James Franco has become the latest target of allegations from no fewer than five women. Worst of all he's in contention for an Oscar after receiving a Golden Globe Award. How will they handle it? It's a real dilemma for them. Add to that declining movie ticket sales and the implosion of the Brand after the Harvey Weinstein eruption and they've got a major mess on their hands. And according to James, Oprah has got a lot of issues of her own, so don't expect to see her on the presidential debate stage anytime soon. 

Direct download: James_Hirsen_16.Jan.18mp3.mp3
Category:general -- posted at: 11:29am EST

David Morgan, one of the thought leaders in our community, joined us for a look ahead at 2018 for precious metals. David's got a company that pulls precious metals out of scrap and is poised to cash in. There's more gold in a ton of scrap iPhones than you find in many mines. 2017 showed strength in gold, not so much in silver. David wouldn't be surprised to see a high of $21 or more for silver in 2018. Peak years coming in 2020. Palladium was a major hit for the year going up 55%. Copper was up 30 percent and other base metals went even higher. And we're probably just getting started in the next upswing. 

Direct download: David_Morgan_15.Jan.18.mp3
Category:general -- posted at: 10:18am EST

Somewhere out there is an event or major trend change that will take gold from 1300 to 10000. Then the COT (commitment of traders report) won't matter. You don't want to go all in on a minor technical move that causes you to miss the big move. If you miss it you'll feel stupid for the rest of your life. That's why it's so important to retain your physical holdings as an insurance policy for the inevitable move. 

Direct download: John_Rubino_15.Jan.18.mp3
Category:general -- posted at: 4:20pm EST

During the election in 2015 Hillary Clinton wanted some insurance and so did Peter Strzok. The senior FBI figure, who had participated in the Hillary e-mail investigation, interviewed Flynn and had been part of Team Mueller, wasn't looking to State Farm for his insurance needs. Chatting with his mistress, an FBI lawyer who worked for Deputy FBI Director Andrew McCabe, Strzok worried that Trump might win. “I want to believe the path you threw out for consideration in Andy’s office - that there’s no way [Trump] gets elected - but I’m afraid we can’t take that risk,” he wrote. “It’s like an insurance policy in the unlikely event you die before you’re 40.” And thus the scheme was hatched. It went on after the election and its purpose was to undermine President Trump's presidency. 

Direct download: Daniel_Greenfield_15.Jan.18.mp3
Category:general -- posted at: 1:08pm EST

The economy is starting to blaze. Christmas retail sales were way up, but that increase came from online, not same stores. Home oriented retailers and value based retailers are expanding rapidly. Discounters are crushing it. But there's a residue of many employees who will be phased out by automation. And 10's of thousands of stores that will be shuttered. The industry restructuring will proceed ahead for the next decade. We'll be left with just a portion of the labor market left in retailing. Retraining will only go so far. This is just the beginning. Household names will disappear. There will be a mass redeployment away from retailing and into more profitable and productive sectors of the economy. 

 

 

Direct download: Howard_Davidowitz_15.Jan.18.mp3
Category:general -- posted at: 11:22am EST

To Gordon T. Long it's a simple matter, things are changing quickly and there's a New New World Order emerging. With the rapid takeover of previously human based industry by artificial intelligence and robotics, how many of today's workers will be needed in the future? Where will the new jobs come from? These are issues that every government will have to deal with in the coming years. Change is coming quickly and the world will have to adapt, but how? 

Direct download: Gordon_T_Long_11.Jan.18.mp3
Category:general -- posted at: 2:27pm EST

Al Caceido is urging caution in investing for the year ahead. We just came off an incredible year with the DOW gaining 25%. 2018 could be a more challenging environment. Will the tax cut achieve its desired ends? Will there be currency and trade issues that work against our economy? There's a lot of unknowns that could cause substantial losses so it might not be a bad idea to take some profits now. 

Direct download: Al_Caceido_11.Jan.18.mp3
Category:general -- posted at: 11:25am EST

Nick Santiago has had a remarkable 11 year run. He called the peak of the stock market in October 11, 2007, to the day. He wasn't quite so prescient on calling the start of the current bull market, he was five days off. But as Yogi Berra said, prediction is very difficult, especially when you're dealing with the future. Nick's had an amazing run and some of his calls for the coming year might surprise you. But he believes the next crash is still a ways off, so you can rest easy--at least for now. 

Direct download: Nick_Santiago_11.Jan.18.mp3
Category:general -- posted at: 11:22am EST

Jason joined us today. Just 2 days before the 2018 Meet the Masters of Income Property. Former Congressman Ron Paul will be leading an all star list of guests. Just click here to register now! You'll learn about Jason's latest predictions about the economy, demographics, real estate and much more. A prediction he made in 2011 has come alarmingly true. Jason said the number of renters would increase by 6 million. In fact, the number is far higher. He's now predicting that upper middle class professionals will be dumping their homes in high tax states and renting high end homes. Let's see what happens next. 

Direct download: Jason_Hartman_09.Jan.18.mp3
Category:general -- posted at: 2:51pm EST

Three reasons why Gold will go up. 

1) Gold should have gone down in 2017. 

2) The everything bubble is coming to an end. 

3) The technical picture shows gold coiling for a big breakout!

Soaring stock markets, with all major US markets making numerous new highs throughout the year...

• Raging bitcoin and crypto prices, captivating investors worldwide and dominating headlines, with numerous stories of investors getting rich.

• Rising real estate values, with some areas reporting frothy prices.

• Rising US interest rates, with promises of more from the Fed.

• Higher GDP in the US and many other economies around the world.

• Falling unemployment in the US.

• Higher wages, with the passage of a tax bill that spurred many companies to offer bonuses and wage increases.

• And last, falling gold bullion sales, so soft they reached a 10-year low.

• The VIX (Volatility Index, a general measure of fear in the marketplace) has registered a reading below 10 a total of 54 days in the last 20 years—and 46 of those abnormally low readings have occurred just since last May! The reversal to the upside could be stunning—and push investors into gold.

• The CAPE (Cyclically Adjusted Price-Earnings) ratio has now matched its 1999 level, the second highest reading in over 100 years of data. And you remember what happened in the years following that bloated stock market level. The CAPE has now registered a higher reading only in 1929. Yikes.

 

When will gold begin its surge? 

It's impossible to pinpoint the day, but we know when:

 Gold will respond when uncertainty and fear creep back into the economy or markets.

Or any other surprise that catches investors off guard. The next event that causes financial instability will likely be the spark that pushes gold out of its current range and kick-starts the next surge. 

 

 

Direct download: Jeff_Clark_09.Jan.18.mp3
Category:general -- posted at: 12:56pm EST

Chris is at heart a cycle guy. He sees a rally coming in the US Dollar for the next couple of months, along with a pause in precious metals. He believes that the second half will be the time that gold, etc., breaks out. Volatility is increasing in equities and commodities. Bigger up days and bigger down days until the momentum reverses in the various markets. We're coming to an end in the stock bull market, but they're still extremely strong. Stocks could have reversed in 2016, however, Trump literally saved the market from a major decline. Trumphoria is still alive and well. There's just no fear in the market. Such stages could extend much further than anyone believes possible. Chris believes the Utility Sector is oversold and out of favor right now. They could be a very good buy. 

Direct download: Chris_Vermeulen_09.Jan.18.mp3
Category:general -- posted at: 12:30pm EST

Trevor Loudon says that if Hillary Clinton was elected there would be no freedom movement in Iran. While right now it appears that the movement has taken a rest, Trevor believes that it will be back before long, in spades. Trump has emboldened freedom warriors around the globe. Perhaps Venezuela and Cuba will be next. We can only hope!

Direct download: Trevor_Loudon_08.Jan.18.mp3
Category:general -- posted at: 4:22pm EST

Everything is going wrong in California. The once Golden State is now the Leaden State. It's a sanctuary state that welcomes aspiring gang members from all over the world. They love illegal aliens and can't get enough of them to help come in and loot the state. Add to that unfavorable business laws, crazy workers comp and some of the highest taxes on the books. 

Direct download: Joe_Messina_08.Jan.18.mp3
Category:general -- posted at: 1:26pm EST

With SCOTUS resuming session and the focus on Gorsuch, you may be interested to know that veteran biographer John Greenya has just released a new biography -- GORSUCH: THE JUDGE WHO SPEAKS FOR HIMSELF —the first-ever biography about Justice Neil Gorsuch, a man who remains a mystery to Democrats and Republicans alike.

Greenya knew Gorsuch's mother and in GORSUCH, he supplies a comprehensive and fascinating examination of the youngest judge to be nominated to the Supreme Court in twenty-five years, answering questions like:

· How does Gorsuch compare to his legendary predecessor, Justice Antonin Scalia?
· What are some unique characteristics or ideologies Gorsuch brings to the bench?
· What can we likely expect from Gorsuch in the years to come?
· Why did President Donald Trump choose Neil Gorsuch over all others considered?

Direct download: John_Greenya_08.Jan.18.mp3
Category:general -- posted at: 1:00pm EST

According to John R we are in uncharted territory so far as the stock markets' valuations are concerned anyway. We've seen financial assets and real estate go way, way up. Now we are starting to see prices going up in energy and perhaps the rest of the commodity sector. This will invariably lead to higher consumer prices. And perhaps most importantly, interest rates are going up. We thought the yield curve would flatten, but now it seems to be steepening. Mortgage rates are back over 4%, first time in years. Rising rates mean more bank lending. Is this time going to follow the standard script? 

Direct download: John_Rubino_08.Jan.18.mp3
Category:general -- posted at: 12:31pm EST

in 2017 new oil discoveries hit an all time low. Prices are up over $60 the barrel and they could go a lot higher. Chris believes that there's just not enough in the pipeline to satisfy world demand. Same with many other things that society demands. There are limits to our ability to produce in many areas. Challenges are ahead and if there's another crash, all bets are off. 

Direct download: Chris_Martenson_03.Jan.18.mp3
Category:general -- posted at: 3:41pm EST



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