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Is Sub-Prime Auto Loan Armageddon Coming?

I experienced a real eye-opener this past week. The lease on my fiance’s Audi A3 terminates soon. I was scanning the “pre-owned” inventory at the two largest Audi dealers in Denver expecting to see some good deals on 2013/2014 Audi A4’s that had come off lease. Instead, I was shocked to see at both dealers a large selection of 2016/2017 A4s with less then 20k miles. Some under 10k miles. I even saw a 2018 with something like 6k miles on it. Why was I shocked? Because most of these vehicles had to have been repossessed. If there were only […]

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Alternative Money Mania Coming with New Inflationary Cycle; David Smith: Cryptos Bringing Broad Attention to All Dollar Alternatives

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll hear another terrific interview with David Smith of The Morgan Report and MoneyMetals.com columnist. David weighs in whether crypto-currencies and precious metals can coexist and talks about what we can glean from the current mania in the cyrptos as it relates to the upcoming mania in precious metals. Be sure to stick around for my conversation with David Smith, coming up after this weeks’ market update. Now that Republicans have passed their tax cut package, investors are trying to position themselves in what they think will be […]

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The Coming Bull Market In Oil

To be a smart contrarian you need to have the confidence to dive into unloved areas of the market and sort through the rummage in search of asymmetric opportunities. Our team at Macro Ops has been digging deep and has finally “struck oil” in the energy market.   The popular narrative driving oil’s bear market over the last 3 years has consisted of two core ideas: Fracking has caused the supply of oil to explode. The adoption of electric vehicles is killing a huge source of oil demand.   Combine increased supply with decreased demand and of course you’re going […]

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The War on Gold Intensifies: It Betrays The Elitists’ Panic And Coming Defeat – Part 2

Here is Part 2 of Stewart Dougherty’s “War on Gold” essay.  Here’s Part 1 Magicians use distraction, deflection and misdirection to conduct their tricks. They get their audiences to look to the left while they perform their magic undetected on the right. So do con artists and swindlers. George H. W. Bush, in a speech delivered to a joint session of Congress on 11 September 1990 entitled “Toward a New World Order,” headlined a geopolitical theme that has garnered a great deal of attention ever since. And while Bush was not the first person to use the term, it struck […]

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The War on Gold Intensifies: It Betrays The Elitists’ Panic And Coming Defeat – Part 1

IRD is honored to present another guest post from Stewart Dougherty Dictatorship (noun):  Definition #3:   absolute power or authority (Websters); Def. #2:   absolute, imperious or overbearing power or control (Random House); Def. #3:   Absolute or despotic control or power (American Heritage); Def. #3:  Absolute or supreme power or authority (Collins English Dictionary); Def. #1:  A type of government where absolute sovereignty is allotted to an individual or small clique (Wikipedia). “If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained, […]

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The Size Of The Financial Avalanche Coming Grows Larger

Inflation vs deflation. The true economic definition of “inflation” is the rate of increase in the money supply in excess of the rate of increase in wealth output. Inflation is monetary in nature. Rising prices are the manifestation of inflation. Someone I follow on Twitter posted an ingenious example from which to conceptualize the true concept of inflation using the game of Monopoly: The players all start out with reasonable amounts of money to speculate on real estate. As the game proceeds, players collect $ 200 by simply passing Go and use this money to speculate on real estate. By […]

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The Mainstream Media Is Talking About A Coming Middle East War That Could Involve Saudi Arabia, Iran, The U.S. And Israel

People better start waking up and paying attention to what is happening in the Middle East, because the situation is becoming quite serious.  If things go badly, we could be facing a major regional war which would involve not only Saudi Arabia and Iran, but also potentially the United States and Israel.  Yesterday, I quoted an article in the New York Times that warned that tensions between the Saudis and the Iranians were raising “the threat of a direct military clash between the two regional heavyweights”.  And now Jake Novak of CNBC is saying that a “direct conflict between Saudi […]

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Its Second Demographics D-Day Is Coming

D-Day. Demographic death day. Maybe not as bloody as the battlefield in Normandy but equally as devastating in the long term. And Japan is facing its second one. Japan’s Baby Boom started to slow down in 1942 coming into World War II and peaked – forever – in 1949 after soldiers came home from war and made a lot of babies. It was the first major developed country to peak on a 47-year lag for spending in its economy. The effects of that first drop-off in births during WWII hit the country after 1989. The second, bigger hit arrived in […]

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The Retail Apocalypse We Saw Coming

It’s like a scene out of “Resident Evil.” Sheets of newspaper scratch along the dusty linoleum floor as the wind beats them into the remnants of a bench… or through the open glass door and into the darkened, empty space beyond. Escalators haven’t run in decades. The air itself looks dusty. Could this really be the future of the American mall? Not unless we have a nuclear apocalypse! As for this retail apocalypse you’ve been hearing so much about… Well, it’s bad – yes! – and it’s going to get worse, but I’m writing today to tell you it was […]

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Legendary Investor Jim Rogers Warns That The Worst Stock Market Crash In Your Lifetime Is Coming ‘This Year Or Next’

If Jim Rogers is right, the worst stock market crash that any of us has ever seen is right around the corner.  For the past 15 years, Rogers has been a frequent guest analyst on CNBC, Fox News and elsewhere, and he is immensely respected for the depth of knowledge and experience that he brings to the table.  So the fact that he is warning that we are about to see the worst stock market crash in any of our lifetimes is making a lot of waves in the financial community.  And of course Rogers is far from alone.  Previously, […]

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