21 days ago
David Skarica, Publisher and Founder of Stock Chart Of The Day says that the current rate-cutting cycle by the Federal Reserve is driven by political pressure. He compares the current situation to previous cycles, noting that in 2008, the market was in a crash, while in 2019 and 1995, stocks were rallying before the rate cuts. Skarica also highlights that the bubbles in 2008 indicated that previous rate cut cycles did not immediately work, but this time, the economy has held up relatively well. He expresses the belief that this rate cut cycle will be different and that predictions of a significant market downturn may not necessarily come true.
546 days ago
A couple of years ago I did a podcast suggesting that the share price of ITM Power (ITM) was truly bonkers. In the mad rush to buy “green” investments it then got a bit more “truly bonkers”. That is the problem with bubbles, they can just keep on expanding far longer than most folks think, defying all logic. And green energy clearly is a bubble.
616 days ago
The root causes of all these bubbles popping (apart from the next Lenigas/paid ramper Zak Mir and Richard Poulden shit show) are the same. I explain and discuss.
643 days ago
Author David Hay is plugging a new book, “Bubble 3.0” which is a warning about the problems inherent in the financial system. He says that the Fed is the main culprit for bubble creation, and such bubbles always get wrecked. The Fed has kept rates at great depression levels despite reasonable economic activity and that, Hay argues, is plain daft.
893 days ago
Veteran financier Simon Hunt argues that there are generational risks in the global economy, there are growing bubbles everywhere, along with enormous amounts of speculation, overvalued markets, and geopolitical tensions which all appear to be worsening. In addition, he says, we have central bankers running wild but debt can’t continue to grow faster than the economy. Navigating these risks is difficult. You can either run with the crowd or take preventative actions. Interestingly, two countries China and Russia have chosen to take prudent action for their economies. They are preparing for the monetary collapse outside of their countries. They understand that this will end badly.
1079 days ago
I start by flagging up my latest Greek Hovel photo article. In just a few weeks I shall be back and cannot wait. I explain why I write about the place. Then I move to Amigo (AMGO), the fraud Zoetic (ZOE) and the fate of those placing shares, Agronomics (ANIC) and then asking if my mother-in-law is a canary in a coalmine where all sorts of bubbles are set to burst.
1506 days ago
In today’s podcast I talk about the sell off and discuss the shape of the recovery that will happen in the real economy and in equities but warn against optimism on the rate and timing of that recovery. I look at Restaurant Group (RTN) which, again, I warn is a disaster waiting to happen, then at various bubbles that have burst in the past few weeks including bitcoin (ha Dominic Frisby take that!) cannabis, junk bonds and AIM shite and discuss a few companies in those sectors. I also clarify a point on bailouts for the benefit of NoGold.
2553 days ago
I did not want to hex my beloved West Ham so not only did I not seek out somewhere to watch the game but I switched off my PC so I could see nothing on twitter. In fact I made sure that I did not know the result until this morning. Here in a Greek Hotel as the bubbles tucked into their breakfast a loud YEEEES went up.
2726 days ago
The reference to Lego and the Daily Mail is HERE. In today's podcast I look at four bubbles that are bursting in a demonstrable way: bonds, residential property, crowdfunding - where the returns are shockingly bad - and health wristbands.
2740 days ago
The October edition of the UK Investor Show magazine is live features 7 buy tips, including 5 our writers believe will beat ASOS. Plus a feature on why the Bubbles are About to Pop, in Trump vs Clinton - who is the biggest loser from this contest, and why Scotland can't afford to leave the UK.
2755 days ago
As you may know, my daughter is a diehard West Ham supporter. She is also, incidentally, a total goal machine for her top of the table side. Her membership of Slaven Bilic's claret and blue army is good for me as it is someone to talk to after a game: The mrs is not interested and has never been to a game with me. I am ticked off by my daughter when I start talking about relegation but we can share the joy after the mighty Irons get a result as we did yesterday.
3148 days ago
In today's podcast I celebate Fiji - come on guys, the Celtic World expects. Then onto how Goldman Sachs got the FOMC to carry on blowing bubbles and the to the farce carry on up the Sefton (SER) - Raylene Whitford has quit. Then to New World Oil & Gas (NEW), Ferrexpro (FXPO), Arian Silver (AGQ), Monitise (MONI), Metals Exploration (MTL) and LGO Energy (LGO - The Sheriff of AIM vindicated once again
3275 days ago
The travel plans of pizza hardman Darren Atwater and my own travel & family plans for the day mean this is a double bearcast day. We start with an edition looking at the various bubbles` in the world today and why I am becoming really very bearish indeed about equities.
4264 days ago
I have brought you evidence of how the China bubble is bursting in the real economy numerous times in the past months. Whether it be underpants, ships, steel, coal or electricity demand the evidence is clear for all to see: China is already suffering a very hard landing indeed. My thesis, however, is that this will be compounded by the unravelling of financial bubbles based on leverage and, it is now becoming abundantly clear, widespread fraud as well.
