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David Rosenberg, Chief Economist & Strategist at Rosenberg Research & Associates joins Jeremy Szafron, Anchor at Kitco News to discuss the Fed’s missteps and being on the brink of an economic downturn.
David Skarica, publisher and founder of Stockchart of the Day joins Tom on Palisades Gold Radio to talk about the Federal debt tsunami that’s going to crush the markets this year.
Mike McGlone, Senior Commodity Strategist of Bloomberg Intelligence joins David Lin to discuss the Fed’s ugly surprise for the markets.
The Atlantis Report shares news of the great crash starting and Black Monday being not what you think.
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Sean Foo
Mar 21, 2024
Europe is moving ahead to confiscate Russia’s frozen assets. The EU has drafted a confiscation law that seeks to use the Russian Reserves to fund Ukraine. Meanwhile, Germany is about to face an official recession with the central bank admitting a 6-month contraction. Apple CEO, Tim Cook, also runs to China. Despite the decoupling narrative, Apple realizes the need for Chinese manufacturing and the power of the domestic market.
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Kitco NEWS
Mar 21, 2024
Jeremy Szafron, Anchor at Kitco News, interviews David Rosenberg, Chief Economist & Strategist at Rosenberg Research & Associates, about the Federal Reserve’s latest meeting. Rosenberg scrutinizes the Fed’s approach to interest rates, inflation, and economic growth, offering his analysis on whether we are at a critical tipping point. He also provided insights into consumer demand, small business investment, and the potential for a looming debt crisis. Rosenberg provides an outlook on the financial markets as we navigate through an e******n year.
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Palisades Gold Radio
Mar 21, 2024
Tom welcomes back David Skarica, publisher and founder of Stockchart of the Day, about a potential threat to market stability. Skarica sees increased frothiness in the market, with Bitcoin ETFs being launched and widespread optimism about Bitcoin reaching 150k – 300k, similar to the behavior seen in 2017 and 2021. He warns that investors should be cautious about the current state of the market and consider investing in assets that can protect their wealth during market downturns.
Skarica points out that the top 10 largest stocks now account for 29% of total market cap, similar to the height of market bubbles, with stocks like NVIDIA and Apple trading based on growth rather than sales. He suggests looking at NVIDIA’s chart and other related stocks to understand the market better.
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The US government has been issuing more short-term debt instead of taking advantage of low long-term interest rates, which could lead to problems when the debt needs to be rolled over in the future. The market is demanding higher returns on US debt due to increasing debt levels and higher spending, leading to a potential sovereign debt crisis in the US. Commodities and gold markets are also anticipating this potential crisis, with commodities near resistance levels and gold breaking out.
Skarica discusses the reissuing of debt and the potential for a shorter maturity on those bonds due to the real rate of return. He notes that there is currently more demand for two-year treasury bonds, which have a fixed market and yield 4.6%, compared to 10-year bonds, which are subject to price fluctuations and have lower yields. Skarica warns of the risk of buying long-term bonds, as demonstrated by the TLT ETF, which has decreased in value by 40% while only offering a 0.5% yield.
David discusses the potential convergence of various economic cycles, including a debt cycle and a Dow theory cycle, and what this could mean for the price of gold and the capital expenditure (CAPEX) cycle in the mining industry. He suggests that loose monetary policy and QE tend to lead to investment in sectors that were not the focus of the previous market bubble, such as emerging markets, commodities, and inflation-protected sectors.
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David Lin
Mar 21, 2024
Markets have likely priced in too many rate cuts, according to Mike McGlone, Senior Commodity Strategist of Bloomberg Intelligence. There is currently no “trigger” for the Fed to cut rates.
*This video was recorded on March 20, 2024
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The Atlantis Report
Mar 21, 2024
In the midst of economic turmoil, alarm bells are ringing louder than ever. Despite efforts to contain it, inflation persists, squeezing budgets and rattling markets. Uncertainty looms over job security as revisions reveal a less rosy picture of employment gains. The once-promising gig economy now faces imminent collapse, threatening the financial stability of millions. And as if these weren’t enough, the banking sector stares down the barrel of potential disaster, with bank failures looming.
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