Asset protection

Bert Dohmen: China Still the Greatest Threat to Global Markets

china-economy-crashAfter a brief plunge following the Brexit vote, the S&P 500 is now up an astonishing 8% in less than two weeks as markets now anticipate a greater amount of fiscal and monetary stimulus. “We’re in unchartered territory,” says Bert Dohmen, President of Dohmen Capital Research Group, on today’s podcast.

More hints of liquidity, helicopter money, or whatever attempts to forestall a correction or economic slowdown reveal one important thing: central bankers “have no idea of what they are doing” and by juicing assets higher and higher, the eventual correction will only be that much greater, he told listeners.

Noting that the stock market bubble, as he called it, could go on for much longer than reasonable analysts expect, China still presents a major threat to global markets and will likely put a drag on global economic growth in the years ahead.

Here’s what he had to say….continue HERE

also:

Be sure to read Michael Campbell’s – The Most Important Statement in a Generation

The Broad Market, Helicopters & Gold

There has been a stunning post Brexit turnaround in the markets. Far from leading to chaos, the markets have taken it in their stride, and are now rising in anticipation of “helicopter money”. Helicopter money is basically unlimited global liquidity intended to head off a liquidity crunch and keep the game going as long as possible – this is the next and ultimate stage in the fiat endgame. The starting point for this is Japan, but it will quickly become global, and legal constraints can simply be brushed aside – if laws prohibit it, they can be changed. With the current global debt structure any serious liquidity problems could quickly lead to a catastrophic deflationary implosion, and that must be avoided at all costs. Helicopter money serves the best interests of the elites in various ways – they remain in power and in control for as long as possible, and can continue to use low interest rates and the carry trade etc to grow their fortunes even further, whilst the man in the street gets stuck with the bill as his standard of living and quality of life continue to deteriorate as inflation mounts and wages fail to keep up. There will be no prospect of interest rates being normalized of course – there will be a hyperinflationary firestorm before that happens.

From an investment standpoint, helicopter money creates a “rising tide lifts all boats” situation, where most investments continue to rise in price, particularly those that provide a good yield. The prospect of this massive bonanza of newly printed money on a global scale is what has caused the reversal in stockmarkets of the past couple of weeks, that has seen both the Dow Jones industrials and the S&P500 indexes break out to new highs. It has also been due to capital flight out of Europe which is beset by severe problems, which why European markets have in contrast only rallied feebly. The key point is that this rally looks like the start of a major upleg that will be fueled by a tsunami of money creation, but for it to continue the problems in the European banking sector in particular must be contained, because if European banks collapse and there is contagion, we could quickly find ourselves back in a 2008 situation. The solution is to furnish European banks with whatever liquidity they require to head off crisis, but they might not succeed in achieving that.

Turning now to the charts we see the dramatic post Brexit turnaround and breakout to new highs by both the Dow Jones Industrials and the S&P500 index on their respective 5-year charts. Here we should that new highs don’t necessarily mean that the markets are “in the clear” as there were new highs after the Bear Stearns debacle in 2007 – 2008, which ended up being followed by a crash.

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…..continue reading HERE

related:

Larry Edelson on Caution: Gold, Silver and Miners …

 

The Economic Revolution Occurring in Europe

keep-calm-and-start-a-revolution-6Britain’s Chancellor of the Exchequer Revolts Against Merkel & Draghi

Hammond is a welcome relief and has come out openly departing in the policies of Draghi and Merkel stating: “The markets need calming signals. You need to know that we will do everything necessary to keep on track the economy. “ 

Hammond came out and stated that it is time to rethink the economic policy of his country and in reality Europe. He stated rationally that the entire idea of  austerity was the appropriate response to the financial crisis of 2008. However, Hammond stated bluntly that the world is in a completely different position today. Effectively, Hammond outright fundamentally rejected the economic policies of Angela Merkel. What we are beginning to see is an economic revolution against the idea of Merkel’s austerity programs. From Italy and France, we are also hearing the same rebellion. The new British Finance Minister Philip Hammond, was appointed as  Chancellor of the Exchequer on July 13th, 2016.

also from Martin Armstrong on the ongoing economic and political revolution:

“The Rule Of Law No Longer Means Anything” 

The Most Important Statement in a Generation

“When things get serious, you have to lie” says the President of the European Commission.

So, in what other key areas of our lives are we being lied to by establishment leaders…. right now?

Don’t miss Mike’s Commentary – As Crazy As Perpetual Motion

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Zume Pizza Robots, Uber’s Security Robots, Local Delivery Robots Invade London

Here are three new robot stories.

Uber’s Security Robots

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– Fusion reports Robots Cheaper than a Security Guard.

“For the cost of a single-shift security guard, you get a machine that will patrol for 24 hours a day 7 days a week,” said Stephens, citing wages of $25 to $35 hour for a human security guard.

….read more HERE

related:

Trillion-Dollar Industries of the Future: Robotics, Genomics, and A.I.