In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:
- Unrest is breaking out around the world
- When the populace has no options, it revolts
- QE3 bang already a whimper
- The impact of each successive easing is less than its precedent
- Gold showing real strength
- Support for the metal is going mainstream
- Canadian coal-mine canary
- Huge drop in housing sales
As predicted, as we head out of the slow summer, events are now beginning to unfold fast and furious. Renewed street riots in Spain and Greece show how disaffected the citizens there are from the failed policies that have been used to placate them to date. China and Japan seem to be inching further to potential armed conflict, as do Israel and Iran. The market is realizing that with open-ended money-printing now announced, there is no future "juice jolt" to anticipate, and so asset prices have already returned to pre-QE3 territory.