earnings
In this week's Off The Cuff podcast, Chris and Mike “Mish” Shedlock discuss:
- The Complete Sham of Corporate “Earnings”
- Now an art of putting lipstick on a pig
- The Growing Revolt
- Everywhere you look, the Establishement is being increasingly questioned
- The Empire Digs In
- More, and more secretive, measures are being past to protect its advantage
- A Brightening Future For Gold?
- It is finally breaking out of its consolidation phase?
The price of gold has long been in a consolidation phase, and it now seems to breaking out to the upside. There are both fundamental and market-driven reasons for this.
On the fundamental end, supply is becoming a real issue. And with the Powell Fed completely caving to the markets, expectations of a more 'dovish' Fed policy going forward is also adding wind to gold's sails.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
Off The Cuff: A Brightening Future For Gold?
PREVIEW by Adam TaggartIn this week's Off The Cuff podcast, Chris and Mike “Mish” Shedlock discuss:
- The Complete Sham of Corporate “Earnings”
- Now an art of putting lipstick on a pig
- The Growing Revolt
- Everywhere you look, the Establishement is being increasingly questioned
- The Empire Digs In
- More, and more secretive, measures are being past to protect its advantage
- A Brightening Future For Gold?
- It is finally breaking out of its consolidation phase?
The price of gold has long been in a consolidation phase, and it now seems to breaking out to the upside. There are both fundamental and market-driven reasons for this.
On the fundamental end, supply is becoming a real issue. And with the Powell Fed completely caving to the markets, expectations of a more 'dovish' Fed policy going forward is also adding wind to gold's sails.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.
Executive Summary
- Why stocks may average 0% return (!) for the next decade
- The depressing data in
- Retail sales
- Housing
- Manufacturing
- Consumer confidence
- Why the time to short the market is looking near
If you have not yet read The Stock Market's Shaky Foundation, available free to all readers, please click here to read it first.
To be sure, there is one piece of fundamental information that has supported equity prices; and that’s corporate earnings.
Those have vaulted to new highs, despite the weak economic recovery, on the back of ultra-cheap borrowing (which reduces interest costs which are deducted from earnings), government deficit spending, and low household savings:
While the parabolic rise in corporate earnings is quite impressive, they are also historically unprecedented and certainly unsustainable.
When we look at the same chart seen above but on a percent change yr/yr basis we see that they have been slowing down remarkably and aren't that far above the zero mark…
The Time For Shorting the Market Is Approaching
PREVIEW by Chris MartensonExecutive Summary
- Why stocks may average 0% return (!) for the next decade
- The depressing data in
- Retail sales
- Housing
- Manufacturing
- Consumer confidence
- Why the time to short the market is looking near
If you have not yet read The Stock Market's Shaky Foundation, available free to all readers, please click here to read it first.
To be sure, there is one piece of fundamental information that has supported equity prices; and that’s corporate earnings.
Those have vaulted to new highs, despite the weak economic recovery, on the back of ultra-cheap borrowing (which reduces interest costs which are deducted from earnings), government deficit spending, and low household savings:
While the parabolic rise in corporate earnings is quite impressive, they are also historically unprecedented and certainly unsustainable.
When we look at the same chart seen above but on a percent change yr/yr basis we see that they have been slowing down remarkably and aren't that far above the zero mark…
In the classic fantasy rom-com The Princess Bride, the beautiful maid Buttercup orders the farm boy Westley to perform numerous tasks to test his servitude. No matter the magnitude of the request, Westley simply answers "As you wish" and makes it so. Buttercup eventually comes to view Wesley with similar devotion, and true love is born.
Similarly, investors have fallen back in love with the capital markets, whose continual response their increasingly irrational hopes has been "As you wish."
Our “As You Wish” Markets Have Reached the Cliffs of Insanity
by Adam TaggartIn the classic fantasy rom-com The Princess Bride, the beautiful maid Buttercup orders the farm boy Westley to perform numerous tasks to test his servitude. No matter the magnitude of the request, Westley simply answers "As you wish" and makes it so. Buttercup eventually comes to view Wesley with similar devotion, and true love is born.
Similarly, investors have fallen back in love with the capital markets, whose continual response their increasingly irrational hopes has been "As you wish."
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