Daily Digest 12/30 - 'Peculiar' Year for Markets, It's Colder Than Mars Out There

• Peculiar Year for Markets Defied Expectations
• World's richest 500 see their wealth increase by $1tn this year
• Iran Holds Pro-Government Rallies After Economic Protests
• How a Local Bureaucrat Made Millions Amid the Rush to Build a Border Fence
• Saudi Squeeze on Alwaleed Has More at Stake Than Money
• America's opioid epidemic began more than a century ago – with the civil war
• Europe’s Largest Oil And Gas Producer Is Back On Its Feet
• It's Colder Than Mars Out There 

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Powers That Be Delete Key Portion Of Michael Belkin’s Audio Interview They Did Not Want Broadcast To The Public

Something very strange happened when KWN was interviewing Michael Belkin, the man who advises the largest sovereign wealth funds, hedge funds, pension funds and institutional money in the world. He was asked what he was saying to his clients that oversee the biggest money on the planet in London, Tokyo, New York, and elsewhere in Europe, Asia and North America as well as how gold would benefit in this cycle. The KWN staff had multiple copies of the audio interview and on different computers the staff tried everything possible to rescue Michael Belkin's response but in the end it was clear that the powers that be had made it impossible for that portion to be broadcast across the globe. It had to be completely deleted. Fortunately KWN was able to reach Michael Belkin and he shared what the powers that be did not want the public to hear. Here is what Belkin warned is coming:

The post Powers That Be Delete Key Portion Of Michael Belkin’s Audio Interview They Did Not Want Broadcast To The Public appeared first on King World News.

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Art Cashin: Broadcast Interview – Available Now

Art Cashin: Director of Floor Operations for UBS Financial Services & CNBC Market Commentator - UBS has over $650 billion under management. Art has over 50 years of Wall Street experience, which gives him the ability to offer valuable insights to investors and traders. When he started in the industry, the Dow Jones Industrial Average was actually in the 700-800 range. He shares his analysis and gives the pulse of the market from the floor of the New York Stock Exchange.

The post Art Cashin: Broadcast Interview – Available Now appeared first on King World News.

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Michael Belkin: Broadcast Interview – Available Now

Michael Belkin: Founder, Financial Market Strategist & Author of The Belkin Report - A weekly global forecasting service since 1992 which has become the trusted resource to advise managers of hedge funds, pension funds, investment banks, mutual funds, sovereign wealth funds and family offices throughout North America, Europe and Asia. Previously, Mr. Belkin was a vice-president and quantitative strategist in global equity proprietary trading at Salomon Brothers...

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Michael Belkin

Michael Belkin: Founder, Financial Market Strategist & Author of The Belkin Report - A weekly global forecasting service since 1992 which has become the trusted resource to advise managers of hedge funds, pension funds, investment banks, mutual funds, sovereign wealth funds and family offices throughout North America, Europe and Asia. Previously, Mr. Belkin was a vice-president and quantitative strategist in global equity proprietary trading at Salomon Brothers...

The post Michael Belkin appeared first on King World News.

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Off The Cuff: A World Of Rising Interest Rates

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

• The Crashing Treasury Curve
  • Interest rates are on the move
• Get Ready For Interest Rates To Start Rising
  • The end of a 30-year downtrend
• When Rates Rise, Prices Will Fall
  • Bonds, stocks, housing --- nearly everything
• What's Next For Bitcoin?
  • We're witnessing a historical moment

Charles and Chris discuss the implications to anticipate should interest rates indeed start rising. The quick summary? It will change everything...

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.

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Andrew Zatlin – 2018 Up, Up and Away

from Financial Survival Network

Andrew Zatlin of MoneyBall Economics joined us for a look back at 2017 and a look ahead to 2018. Amazing things are unfolding throughout the economy. The tax cuts are going to be a big help and will eventually result in higher incomes and increased employment. Trump may have just pulled off the impossible. Look for steady respectable stock market growth in 2018 and steadily higher growth rates thereafter.

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Eric Hadik – New Gold Rally as Predicted!

from Financial Survival Network

We’ve been interviewing Eric Hadik since 2014. Since that time, he has made numerous masterful calls about the precious metals markets. Since early in the year, he was calling for a major rally in the 4th quarter. We were anxiously awaiting its arrival and for a while we started doubting it would come until 2018. And sure enough the last two weeks of the month have confirmed it. Today gold broke through the $1300 level. Eric thinks it will keep going till it hits an intermediate top in February. We talk about the US Dollar, Oil and Stocks as well. And what’s ahead for 2018.

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Ivan Eland – Trump Foreign Policy Review

from Financial Survival Network

Ivan Eland and I did a recap of President Trump’s first year’s foreign. Overall things look pretty positive. While there have been interventions they haven’t been extensive. Ivan doesn’t foresee military confrontations with either North Korea or Iran. Rather there’s a policy of containment and allowing them to self-destruct as what’s happening in Venezuela. Of course things could change very quickly so stay tuned.

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So What Comes Next & How Can We Prepare For It?

Executive Summary

• The dangerous unintended risks and consequences of central bank policies
• Returns diminish as you move along the expansion S-curve
• Why the current practice of moderating extremes will fail
• What comes next & how to prepare for it

If you have not yet read Part 1: The Inescapable Reason Why the Financial System Will Fail, available free to all readers, please click here to read it first.

In Part 1, we covered the financial system’s dependence on credit, and the central bank’s conundrum: they can’t raise rates without stifling the credit-binge-dependent “recovery” and asset bubbles, but they also can’t keep pushing asset bubbles higher without increasing systemic risks, as valuations are already stretched to historic extremes.

So what happens next?  Can central banks raise rates without popping the bubbles the system needs to remain solvent? Or can they keep yields near zero and keep pushing asset valuations higher for years or decades to come?

I hate to spoil the ending, but the short answer is: these are incompatible goals.  The central banks cannot raise yields (i.e. normalize rates to historically average levels) and push asset valuations higher, nor can they eliminate the systemic risk generated by extreme valuations and leverage.

Unintended Risks and Consequences

Extreme financial policies generate unintended consequences as a result of being extreme: a moderate policy wouldn’t have the “whatever it takes” impact, but it also wouldn’t jam all the levers to maximum.

Once the levers are on maximum, the extremes generate instability and blowback, as those who benefit from the extremes are incentivized to go even deeper into speculative gambles in the mistaken belief that “the central banks have my back” while those who did not benefit express their dissatisfaction in the political arena, a dynamic that is often dismissed or derided as “populism.”

Central banks have suppressed measures of volatility in an effort to mask the rising risk that their policy extremes will trigger...

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The Inescapable Reason Why the Financial System Will Fail

Central banks are now trapped.

If they raise rates to provide low-risk, high-yield returns to institutional owners, they will stifle the “recovery” and the asset bubbles that are dependent on unlimited liquidity and super-low interest rates. But if they keep yields low, the only way institutional investors can earn the gains they need to survive is to pile into risk assets and hope the current bubbles will loft higher.

This conundrum has pushed the central banks into yet another policy extreme: to mask the rising systemic risk created by asset bubbles, central banks have taken to suppressing measures of volatility—measures than in previous eras would reflect the rising risks of extreme asset bubbles deflating.

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James Turk – Gold & Silver Bulls To Crush The Shorts In 2018

Today James Turk told King World News that the gold and silver bulls will crush the shorts in 2018.

The post James Turk – Gold & Silver Bulls To Crush The Shorts In 2018 appeared first on King World News.

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Daily Digest 12/29 - Good News Friday: How To Keep Your Resolutions, Making The Most Of Charitable Giving

• The Only Way To Keep Your Resolutions
• Want To Be Happy? Think Like An Old Person
• How to make the most of your charitable donations
• On New Year's Day, Many Low-Wage Workers Will Celebrate With A Raise
• Raising the minimum wage in Britain has been a huge benefit to workers — and employers are largely unharmed
• Yearning To Breathe Free
• There’s An Ocean Of Energy In The Sea. And This Team Just Unlocked It.
• The week in wildlife - in pictures

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A Look Back at 2017: SchiffGold Friday Gold Wrap 12.29.17

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes. Gold is on track for its best year since 2010. In this episode of the Schiff Gold Friday Gold Wrap podcast, host Mike Maharrey looks back at several […]

A Look Back at 2017: SchiffGold Friday Gold Wrap 12.29.17

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Fun on Friday: Your Golden Goose Is Cooked

I’ve mentioned this several times in these Fun on Friday columns, but the whole phenomenon of eating gold fascinates me. Because, really, it’s kind of weird. I eat shrimp because I love the taste of shrimp. I eat broccoli because at some point in the distant past. my mother convinced me it was good for […]

Fun on Friday: Your Golden Goose Is Cooked

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Seven Things that Drove Gold News in 2017

On Dec. 31, 2016, the price of gold stood at 1,156.00. Today, it is knocking on the $1,300 mark. The yellow metal is on track to gain about 12% in 2017, its best year since 2010. Gold has made these gains despite a number headwinds that we would expect to put a significant drag on gold. […]

Seven Things that Drove Gold News in 2017

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Rick Rule – What I’m Doing With My Own Money And My Clients Money As We Head Into 2018

Today Rick Rule spoke with King World News about what he is doing with his own money and with his clients' money.

The post Rick Rule – What I’m Doing With My Own Money And My Clients Money As We Head Into 2018 appeared first on King World News.

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Daily Digest 12/28 - S. Korea Clamps Down On Bitcoin, Puerto Rico's Power Struggle

• North Korean Soldier Had 'Anthrax Antibodies,' Raising Concerns Over Pyongyang's Biological Weapons Plans 
• South Korea Clamps Down on Bitcoin Trading Amid Market Frenzy
• Ukrainian government, rebels carry out landmark prisoner swap
• From Bitcoin to Belize, Here Are Best and Worst Assets of 2017
• Death in an Amazon dumpster
• Apple, Amazon In Talks To Set Up Shop, Invest In Saudi Arabia
• Puerto Rico's Power Struggle
• It’s Been One of the Worst Years Ever for Billion-Dollar U.S. Weather Disasters

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South Korea Announces Crackdown on Crypto; Bitcoin Price Plunges

When it comes to Bitcoin, you can count on one thing – volatility. The price of Bitcoin plunged more than 11% Thursday morning, dipping below the $14,000 level after the South Korean government announced plans to more tightly regulate cryptocurrencies.  South Korea has turned into a major hub for cryptocurrencies, as Bitcoin and others have surged over […]

South Korea Announces Crackdown on Crypto; Bitcoin Price Plunges

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Even the Government Knows the Stock Market Is a Huge Bubble

Last month, we reported on a Bank of America survey that indicated the mainstream has started to acknowledge that the stock market is a big, fat, ugly bubble. The latest fund-manager survey by Bank of America Merrill Lynch found that a record 48% of investors say the US stock market is overvalued. Meanwhile, 16% of […]

Even the Government Knows the Stock Market Is a Huge Bubble

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Look At Who Is Buying Gold And What It Means For Gold In 2018

Look at who is accumulating gold and what it means for gold in 2018...

The post Look At Who Is Buying Gold And What It Means For Gold In 2018 appeared first on King World News.

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Martin Armstrong – Down 39000 or Higher!

from Financial Survival Network

When we first started speaking with Martin Armstrong the Dow Jones Industrial Average stood at a paltry 16000. Today it’s approaching 25000 and has never looked back. While his timing of the advance hasn’t been completely accurate, his call on the direction has been one of the few correct ones. And according to Martin, it’s not close to being done. Look for it to head to 39000 or even higher. The reason is simple, the rest of the world is an even bigger mess than the US. And there’s more good news, the Trump tax cuts will unleash the US economy bigly! Companies that haven’t been competitive in decades will all of sudden find themselves as world class competitors. Europe and Asia are in a tizzy over it. The results will soon be felt.

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Daily Digest 12/27 - The Great Recession 10 Years Later, A New Era For Oil And Gas Majors

• Tally for shifting CT pension costs from state to teachers: $20M
• In San Jose district, identifying schools to close a gut-wrenching prospect
• The Great Recession 10 years later: Lessons we still have to learn
• DiNapoli proposes state constitutional amendments to rein in state-funded debt service
• World's Wealthiest Became $1 Trillion Richer in 2017
• Will Commodity Prices Reverse Course and Head Higher Soon?
• A New Era For Oil And Gas Majors
• Book Review of Nafeez Mosaddeq Ahmed's "Failing States, Collapsing Systems: Biophysical Triggers Of Political Violence"

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The Fed Plays the Economy Like an Accordion

We talk a lot about how central banks serve as the primary force driving the business cycle. When a recession hits, central banks like the Federal Reserve drive interest rates down and launch quantitative easing to stimulate the economy. Once the recovery takes hold, the Fed tightens its monetary policy, raising interest rates and ending QE. […]

The Fed Plays the Economy Like an Accordion

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10 Reasons to Buy Gold Now

As we pointed out a few weeks ago, we’ve now entered the prime time to buy Christmas cards, decorations, and wrapping paper. Why? Because with Christmas in the rearview mirror, Christmas stuff is all on sale. There are a lot of reasons to believe gold is also on sale right now. The investment world has […]

10 Reasons to Buy Gold Now

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Off The Cuff: Tax Americanus

In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

• The New Tax Bill
  • There's a lot to hate about it, despite the "cuts"
• Watch The TED Spread Carefully
  • The big trouble will arrive in the bond market
• A Hike Too Far
  • Rising rates threaten to break the back of this bull market
• Bitcoin: Where To From Here?
  • When the insiders start dumping (as they are), it's time to pay close attention

There's a lot to be outraged about in the newly-passed tax legislation. Here's just a tidbit, from Mish:

There are a couple of the things that are in there that are particularly galling, like special breaks for people who own private jets on getting them maintained. There's a tax break specifically for jet owners, okay? I believe it's safe to say that you and I and anyone listening doesn't have a private jet.

Now, Senator Bob Corker from Tennessee, who was against this bill for months on end because it increased the deficit, finally voted for it. And the day that he voted for it, there was a special provision in there just for him – well, not just for him – for anyone who happens to own investment real estate. Orrin Hatch wrote this in personally, and admitted it. A special break for real estate investors. And guess what? His wife has a half million-dollar real estate property. So special breaks for them. 

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