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Off the Cuff: Awaking with a Whopper Hangover

The User's Profile Chris Martenson November 9, 2012
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In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:

  • Post-Election Plunge
    • Why are the markets selling off so hard?
  • The Return of the EuroCrisis
    • It worsened while we ignored it.
  • The Fiscal Cliff
    • Will we drive off it? And at what speed?
  • Gold's Resurgence
    • Showing strength as investors demand safety

America awoke on Wednesday with the Presidential election finally over and talk from the re-elected incumbent of moving 'forward' again.

As it starts to clear its blurred 'morning after' vision, the U.S. is slowing discerning what exactly lies on the immediate road before it. The looming fiscal cliff. A struggling domestic economy seeing corporate earnings beginning to falter. Europe sliding faster into deepening recession. Japanese debt approaching 1 quadrillion(!!) yen. A slowing China. The list of immediate hazards on the path ahead goes on and on….

Which makes it no surprise that investors are suddenly fleeing risk again. Equities are sharply down. Precious metals and the U.S.

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Top Comment

rhare:
Doug:
Apparently the mortgage interest exemption is their prime target.  That exemption favors overwhelming the middle class

Sorry, but that tax expemption primarily favors the consturction and...
Anonymous Author by doug
0
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