Mish was on talking about the impending GDP numbers, coming out April 28th. While guesstimates are all over the board, most likely it will be closer to Mish's .6 percent than the 4 percent that more optimistic analysts are forecasting. Earnings are down and eventually that should bring the stock market down, at least it always has, eventually. It's certainly bad news for the nation's pension funds. They're behind the 8 ball to the tune of trillions. What's going to blow the lid off this sad state of affairs and who's going to bail them out?  

Direct download: MIsh_Shedlock_11.Apr.17.mp3
Category:general -- posted at: 2:30pm EST

Chris Vermeullen, one of the savviest market technicians around, is bullish about gold, but not too bullish this time. He's seen this pattern many times before. Last week it broke the $1260 resistance point intra-day, only to retreat back before the close. Today, it's over $1270, but will lose momentum once again? While the long term chart is bullish, he believes that gold will truly shine in the 2nd half of the year. The stock market is due for a breather and this may very well be the time. Oil is poised to go higher. The VIX while shooting higher will pull back shortly and provide and excellent short. Much more here in this interview. Don't be fooled by the headlines. 

Direct download: Chris_Vermeullen_11.Apr.17.mp3
Category:general -- posted at: 1:04pm EST

While the Left’s power to attack and block President Trump might seem formidable at the moment, look closer and you will see that it’s about to collapse. In fact, later this year, you can expect the Left’s power to shrivel up to a more typical level of opposition seen during other administrations. You probably will ask: Why will the Left’s power collapse? The truth is President Trump won the election fairly in the Electoral College. And it’s within the realm of possibility that Trump also won the popular vote because there might have been millions of votes cast for Clinton that were questionable. And the truth is coming out about Obama's surveillance of Trump. The recent Syrian Missile attack should convince everyone but the most hardcore conspiracy theorist, of which the left has more than its share, that Trump is not Putin's pawn. 

Direct download: Gerard_Lemaro_11.Apr.17.mp3
Category:general -- posted at: 12:59pm EST

Trying to figure out what's going on in the Middle East, why Trump did the cruise missile attack, is a lot like trying to understand why your spouse is upset with you. There's many potential reasons and causes but you can never be sure which one tipped him/her over the edge. So it is in the Middle East. What's coming up next, probably more of the same. Was it to show North Korea the US means business? Who knows?

But whatever the reason, life carries on. Technology is moving on as well. John believes that renewable energy will play a bigger and bigger role in America's energy outlook. That may be the case, but it's going to take decades to upgrade the country's energy grid. It will require wide swathes of urban America to be ripped up so new cables can be installed. It's a transition, the likes of which we have never seen, excerpt perhaps when we went from animal horsepower to mechanical horsepower. Either way, it's going to be a 20-30 year transition. 

Direct download: John_Rubino_10.Apr.17.mp3
Category:general -- posted at: 2:56pm EST

More and more ​companies are using robots to do repetitive and other work. It's the kind of jobs that once went to humans. And now there are calls from business icons like Bill Gates to tax those same robots so that money can be used to invest and innovate in the future.

"For some Americans this makes perfect sense but as a long time manufacturer it is absolutely the wrong thing to do," says co-host of 'Manufacturing Talk Radio' and long time CEO of All Metals & Forge in New Jersey Lew Weiss.

Direct download: Lew_Weiss_10.Apr.17.mp3
Category:general -- posted at: 12:57pm EST

We sat down with David Enrich to discuss his new book, The Spider Network: The Wild Story of a Math Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History. The book details the  actions of an oddball group of bankers, traders and brokers from some of the world’s largest financial institutions made a startling realization: Libor—the London interbank offered rate, which determines the interest rates on trillions in loans worldwide—was set daily by a small group of easily manipulated functionaries, and that they could reap huge profits by nudging it to suit their trading portfolios.

The anti-hero Tom Hayes, a troubled genius mathematician, became the lynchpin of a wild alliance that among others included a French trader nicknamed “Gollum”; the broker “Abbo,” who liked to publicly strip naked when drinking; a Kazakh chicken farmer turned something short of financial whiz kid; a broker known as “Village” (short for “Village Idiot”) and fascinated with human-animal sex; an executive called “Clumpy” because of his patchwork hair loss; and a broker uncreatively nicknamed “Big Nose.” Eventually known as the “Spider Network,” Hayes’s circle generated untold riches —until it all unraveled in spectacularly vicious, backstabbing fashion.

The Spider Network really makes one question the entire system. The underlings get fried while senior management skates and goes on to bigger and better things. But that's just the way things work according to David Enrich. 

 

Direct download: David_Enrich_05.Apr.17.mp3
Category:general -- posted at: 1:51pm EST

Dr. Ted Noel is a retired physician and a real scientist. Throughout the presidential campaign he was one of the few people to give accurate, fact based assessments of candidate Hillary Clinton's numerous health issues. His conclusion that she was suffering from advanced Parkinson Disease was widely disseminated on the web and apparently closely monitored by the Clinton Campaign. 

When Mike Cernovich was interviewed on 60 Minutes, Scott Pelley accused him of reporting fake news for headlining Dr. Noel's findings. Cernovich quickly turned the tables forcing Pelley to admit that his source of Clinton's Health information was none other than the campaign.

Dr. Noel was mentioned in the full interview, but his name was lost on the cutting room floor. Now he responds and explains why the media is no longer fact based and untrustworthy. He also gives us an excellent account of how you can become an independent thinker. 

Direct download: Dr._Ted_Noel_05.Apr.17.mp3
Category:general -- posted at: 1:43pm EST

Ms. Smith is a former government official with great insight into the current debate. Expelling bad ‘hombres,’ building border walls and slashing trade deals, President Trump continues to assert a more nationalist and protectionist “America-First” posture. The President has promised to add millions of jobs to the US economy and to raise the gross domestic product by more than 4 percent annually largely through renegotiating existing trade agreements like NAFTA. At the same time, the President has vowed to deport up to 3 million undocumented immigrants and to curtail future entries.

Immigration reform remains a cornerstone of Trump’s efforts to reboot America’s standing. After Trump’s proposed travel ban was blocked again by the courts, what are the dynamics on the other side of the President’s immigration overhaul, which targets migrants from Latin America? What about… 

*Beyond the rhetoric, what are the possible economic impacts of a policy of mass deportation?

*How will the “America-First” agenda reshape U.S. relations in Latin America? And, why will it matter?

*What are the politics, logistics and legality of Trump’s new deportation plans?

*Taken together with the travel ban, what are the national security implications of Trump’s immigration agenda?

Direct download: Tanisha_Tingle-Smith_05.Apr.17.mp3
Category:general -- posted at: 1:30pm EST

What's Happening Wednesdays with Andrew Hoffman:

Today's "disturbing trends" article, to be published shortly;

-retail, energy, automobiles, European banks;

PMs retake their 200 week moving averages;

The Fed's never ending punch bowl;

Major upcoming "PiMBEEB" (precious metal bullish, everything else bearish) events;

Etc.

Direct download: Andy_Hoffman_05.Apr.17.mp3
Category:general -- posted at: 9:48am EST

The world is a very uncertain, unstable place. The US economy is under great pressure. The potential for civil unrest and governmental abuse and confiscation of property is ever present. That's why Mark Nestmann believes in having a Plan B. Hopefully, it's something you'll never need, but just like a gun, better to have one and not need it than to need one and not have it. Mark is giving out a free report. Click here to receive it.

Direct download: Mark_Nestman_04.Apr.17.mp3
Category:general -- posted at: 2:39pm EST

Art Berman is a geologist who's been in the oil industry for decades. His recent article debunked the rising productivity myth of shale oil. Art's explanation is quite simple. While there have been productivity improvements, most of the savings have occurred as a result of the oil services industry depression. They have cut their prices to the bone in order to survive. This situation is unsustainable and cannot last. Companies will go out of business and consolidate. 

Then we discussed the transition to renewables and electric vehicles. While it sounds great, we're looking at a multi-decade transition at the least, barring some project or major leap forward. Everyone wants to see a transition, but there are transition costs that need to be understood. 

Direct download: Art_Berman_04.Apr.2017.mp3
Category:general -- posted at: 1:09pm EST

With March Madness behind us, it’s now April Madness as the April 18th tax filing deadline is nearly upon us. Mark Steber Chief Tax Officer of Jackson Hewitt joins us to explain what you can do to speed up the tax refund process. 

Procrastinators may be celebrating the three extra days they get to file their taxes this year, but there are more of them this year, as the IRS reports nearly 6 million fewer returns have been filed to date this year versus last. Some of this is due to the IRS's efforts to reduce the incidence of Refund Fraud and Earned Income Tax Fraud as well. 

Get your record system ready now for next year. Use your smartphone to document all your expenses and outlays, mileage, etc. Then at the end of the year the process will much easier and you'll be rewarded with a larger refund. 

Mark also provides you with last minute filing tips to discuss the most common mistakes filers make; what deductions independent contractors and gig economy workers can take advantage of; and more.

Direct download: Mark_Steber_04.Apr.17.mp3
Category:general -- posted at: 11:30am EST

The 1Q 2017 is over! Share markets continued to wrack up quiet gains, even though March was generally uneventful and flat. The USD put in a 2% decline for the quarter, with the Euro showing a 1.4% increase. Rates are holding steady with the yield curve starting to flatten. Bitcoin closed out the quarter at 1082 for a 13.2% increase. While metals prices ran out of steam in March they were up smartly for the quarter, Gold 8.5%, Silver 14.5% with Palladium the big winner at 17.4%. Copper was up 5%. WTI and Brent were down nearly 6% for the quarter. U308 snapped back with a 17.5% gain. Finally, Platinum's ratio is showing a potential buy signal at just .76 against gold. 

Direct download: Mickey_Fulp_03.Apr.17.mp3
Category:general -- posted at: 2:19pm EST

Debt is still growing way faster than GDP. Therefore, we're just digging a bigger hole. For most of the past 6 months it looked like we had a real recovery going. But that was an illusion. The Atlanta Fed has lowered it's 1Q Growth Projection to less than 1 percent. That's a recessionary number that won't help the economy create new jobs or to create new industries or service new debt. The debt to gdp ratio continues to increase. Unless we radically increase worldwide growth rates, we're stuck on a treadmill and a crisis will eventually occur. 

Direct download: John_Rubino_03.Apr.17.mp3
Category:general -- posted at: 12:27pm EST



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