In this week's Off the Cuff podcast, Chris and Charles discuss:
- Bubbles Everywhere
- How worried should we be?
- Shaky Sovereigns
- Will Japan or Europe stumble first? (looks like Japan)
- Gold's Gilded Future
- Down for all the wrong reasons
- Cui bono?
- Who is reaping the gains of the current market monkeying?
This is a must-listen Off the Cuff episode given the events of the past 24 hours.
Chris and Charles begin with addressing the main points in Chris' latest report warning about the dangerous asset bubbles forming around the world in stock, bonds, and housing, all of which can essentially be mapped back to the actions of a single individual:
I’ve been watching markets for a long time. Maybe not as long as you or other people, but a pretty long time, and I can’t remember ever seeing them gyrate based on the testimony of one man because of one word, one dangling participle, one tiny inflection change. It’s indicative, to me, of where we are in this story, which is: speculation is running rampant when markets – trillion-dollar markets – the dollar, the S&P, the DAX – they all gyrated relative to one man’s words.
Both of them predict a severe downward reversal in the financial markets. Charles observes that it's not just the fundamentalists forecasting this; technical analysts as well are warning of a big early June downtrend, perhaps after one last upwards burst before then.
Sovereign risk is then addressed, with both Chris and Charles worried about Europe
by adam-taggart-2 
