In this week's Off The Cuff podcast, Chris and James Howard Kunstler discuss:
- Rate Hike!
- The Fed just increased the interest rate by 0.25%
- Scam-o-rama
- The financial system is now a racketeering fraud
- The Net Energy Predicament
- The unseen cause of so many of the systemic breakdowns we're seeing
- The Deep State In Turmoil
- The Trump administration has set off an internal war
James Howard Kunstler returns to Off The Cuff this week for a wide ranging discussion. First on the docket is the recent Fed rate hike, and the baffling logic that markets are using to interpret it as another "bullish" signal for piling into stocks.
No surprise, Jim thinks the markets have become one big roach motel for investment capital. As he puts it:
It's basically a Scam-o-rama. Plus, you've got four things going on here.
You have the basic psychology of markets and of economies that can take you kind of anywhere depending on the extreme emotions of the moment where the people are caught up in fear or caught up in greed. Right now they seem to be really caught up in greed. It is "risk-on" for its own sake because risk is fun. Because a certain type of human personality gets off on risk — it triggers the endorphins in the brain.
by cmartenson 
