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Co-Author of Art of the Deal Says Trump Will Resign, then Declare Victory

This is what I predicted the day after Trump’s election. He has the impulse control of a grease fire. And he certainly can’t admit when he’s wrong, even though he changes his mind on one policy or view after the next. There’s something disturbing about that. More disturbing than Richard Nixon’s paranoia that led to the Watergate scandal. Andrew Pancholi, a close friend and author of The Market Timing Report, has a 45-year cycle that corresponds to the Watergate crisis in 1972. The cycle rolls around again this year! Trump is making an enemy out of the media. Yes, reporters, […]

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Anti-Gold Scheme Revealed, Fake News and Fake Markets

The U.S. and other nations with “free market” economies got credit for defeating the communists in Russia. That is ironic, because it is now more clear than ever that western leadership actually shares the Soviet inclination for central planning, and they have been increasingly intervening in our markets since the collapse of the USSR. Our officials make economic policy as if healthy markets must be planned and coerced, much like the politburo. Some of this policy is created and run in the open; the government bailouts, Quantitative Easing, and zero interest rate policy, for example. Other programs are more secretive. […]

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House Of Cards: Netflix Is One Of The Poster Children For Tech Bubble 2.0

How can a company that is going to generate $ 2,000,000,000 in negative free cash flow in 2017 be worth 70 billion dollars?  Netflix has soared in popularity in recent years, but so have their financial losses.  Just like during the original tech bubble, investors are ignoring basic fundamentals and are greatly rewarding firms that are bleeding giant mountains of cash year after year just because they are trendy “tech companies”.  But somewhere along the line you actually have to quit losing money if you are going to survive.  Just ask tech bubble 1.0 victims Pets.com, Webvan and Etoys.com.  The […]

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A Healthy Economic Fear of China

There’s an old adage in finance concerning borrowing and lending: If you owe the bank $ 1 million, you have a problem. If you owe the bank $ 100 million, the bank has a problem. It’s all about scale. When it comes to countries and markets, there is no scale, and therefore no problem, like the Middle Kingdom. China is the land of the “biggest.” General Motors now sells more cars in China than it does in the States. The country boasts more than 1.3 billion registered cell phones, the most of any nation, and basically one for every citizen. […]

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Mile Markers on the Road to Ruin

We know much is currently wrong with our financial world, as discussed in the James Rickards book “The Road to Ruin” and elsewhere. The official U.S. government debt is nearly $ 20 trillion. Unfunded liabilities are 5 – 10 times larger. Debt has doubled every 8 – 9 years for decades – since the Federal Reserve was put in charge of devaluing the dollar. Debt will continue to grow, obviously out of control. Millions of Americans are out of work, regardless of the official statistics. Prices increase, some rapidly, regardless of the official statistics on consumer price inflation. More government […]

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A beautiful death

My mother, Joy Cooke, died last Wednesday, 24th May, at the age of eighty-seven. It was a peaceful end. Beautiful, in a way. Mum had been ill for a long time. She had vascular dementia, triggered by an accidental morphine overdose after an orthopaedic operation in 2013. She also had COPD, brought on by a lifetime of smoking. For the first year of her slide into the oblivion of dementia, she was cared for by my father. But in August 2014, after she became doubly incontinent and both physically and mentally frail, he had to admit that her care was […]

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Flags and the Fallen

I get annoyed with articles and reports that assume we’re stupid. As if flashing “Sale!” signs and the smell of sunscreen somehow make us forgetful. They don’t. We know that today is Memorial Day, the day we set aside to honor those who fell while serving our country. It is a solemn idea that, because of its timing, we’ve combined with a seasonal celebration. Tacky commerce aside, there’s nothing wrong with that. In fact, the notion of remembrance and celebration, death and life, are already wrapped up in one package on Memorial Day – the U.S. flag. Every day I […]

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5 Highly Respected Financial Experts That Are Warning That A Market Crash Is Imminent

If everything is going to be “just fine”, why are so many big names in the financial community warning about an imminent meltdown?  I don’t think that I have seen so many simultaneous warnings about a market crash since just before the great financial crisis of 2008.  And at this point, you would have to be quite blind not to see that stocks are absurdly overvalued and that a correction is going to happen at some point.  And when stocks do start crashing, lots of fingers are going to start pointing at President Trump, but it won’t be his fault.  […]

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The Next Stock Market Crash Will Be Blamed On Donald Trump But It Will Be The Federal Reserve’s Fault Instead

A stock market crash is coming, and the Democrats and the mainstream media are going to blame Donald Trump for it even though it won’t be his fault.  The truth is that we were headed for a major financial crisis no matter who won the election.  The Dow Jones Industrial Average is up a staggering 230 percent since the lows of 2009, and no stock market rally in our history has ever reached the 10 year mark without at least a 20 percent downturn.  At this point stocks are about as overvalued as they have ever been, and every other […]

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DC Swamp Shutting Down Trump, Bitcoin Skyrockets

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up Michael Pento of Pento Portfolio Strategies joins me and lays out a scenario he says is ahead for the economy, interest rates, and monetary policy – all of which point to a watershed moment for gold.  You simply will not want to miss a truly enlightening interview with Michael Pento, coming up after this week’s market update. Gold and silver markets held their own this week even as crude oil prices dipped, the Fed vowed more rate hikes, and the stock market set another new record.  The gold […]

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