Great Recession
In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
- The Crashing Treasury Curve
- Interest rates are on the move
- Get Ready For Interest Rates To Start Rising
- The end of a 30-year downtrend
- When Rates Rise, Prices Will Fall
- Bonds, stocks, housing — nearly everything
- What's Next For Bitcoin?
- We're witnessing a historical moment
Charles and Chris discuss the implications to anticipate should interest rates indeed start rising. The quick summary? It will change everything…
Off The Cuff: A World Of Rising Interest Rates
PREVIEW by Adam TaggartIn this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
- The Crashing Treasury Curve
- Interest rates are on the move
- Get Ready For Interest Rates To Start Rising
- The end of a 30-year downtrend
- When Rates Rise, Prices Will Fall
- Bonds, stocks, housing — nearly everything
- What's Next For Bitcoin?
- We're witnessing a historical moment
Charles and Chris discuss the implications to anticipate should interest rates indeed start rising. The quick summary? It will change everything…
Global Slowdown
The U.S. economy weakened appreciably in the first quarter of 2013. But what if this weakness persists into the second quarter just completed, and worsens still in the second half of this year? Q1 GDP, as reported on June 26th, was revised lower to just 1.8%. And various indications suggest that Q2 could come in slightly lower still, at 1.6%. Might the U.S. economy be guiding to a long-term GDP of 1.5%? That’s the rate identified by such observers as Jeremy Grantham – the rate at which we combine aging demographics, lower fertility rates, high resource costs, and the burdensome legacy of debt. Well, after a four-year reflationary rally in just about everything, and now with an interest-rate shock, the second half of 2013 appears to have more downside rather than upside risk. Have global stock markets started to discount this possibility?
The Dead Weight of Sluggish Global Growth
by Gregor MacdonaldGlobal Slowdown
The U.S. economy weakened appreciably in the first quarter of 2013. But what if this weakness persists into the second quarter just completed, and worsens still in the second half of this year? Q1 GDP, as reported on June 26th, was revised lower to just 1.8%. And various indications suggest that Q2 could come in slightly lower still, at 1.6%. Might the U.S. economy be guiding to a long-term GDP of 1.5%? That’s the rate identified by such observers as Jeremy Grantham – the rate at which we combine aging demographics, lower fertility rates, high resource costs, and the burdensome legacy of debt. Well, after a four-year reflationary rally in just about everything, and now with an interest-rate shock, the second half of 2013 appears to have more downside rather than upside risk. Have global stock markets started to discount this possibility?
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