In this week's Off the Cuff podcast, Chris and Charles Hugh Smith discuss:
- The Carnage Wreaked By The Oil Price Collapse
- Setting us up for whopping future price spike
- The Geo-Political Chessboard
- The stakes of the game are rising quickly
- Forecasting the Fed in 2015
- Will it (can it) continue to bail out everything & everybody?
- Calling BS on Today's Market Prices
- They assume a perfection that cannot exist
Welcome to 2015. One prediction we feel comfortable making based on the action so far: it's not going to be a boring year.
In their first few days of the years, stocks have zig-zagged as first fear sent prices plunging, only to recover via a massive rescue over the past two days. Time will tell if the market has indeed topped out, but it seems clear the years of relentless grind higher have now been replaced by a stage of volatility.
Charles joins Chris this week to dive deeply into the impact the sharp and ferocious drop in oil prices will have on the world economy, as well as the power dynamic across the geo-political chessboard. For certain, even if prices rebound quickly from here, there will already be a tremendous number of causalities resulting from this near 50%-decline in one of the world's most strategic commodities. In the US alone, its domestic production may never again reach the volume seen over the past year, as many shale drillers are forced to downsize or go bankrupt.
Both Chris and Charles see
by dennisc 
