page-loading-spinner
Home The Unkindest Cut of All

The Unkindest Cut of All

user profile picture Chris Martenson Oct 19, 2007
1
placeholder image
Friday, October 19, 2007

Executive Summary

  • It’s not over; the trouble has only just begun
  • Look out – inflation is coming!
  • The Fed cuts rates, bails out big banks
  • Inflation set to rip
  • Oil
  • Oh, the dollar!
  • August TIC data and the dollar
  • Bank runs in the US and England, and a failure in Germany
  • Uh oh – derivatives

Last time I wrote that the game is afoot. Boy, is it ever. This past month, while the stock market bizarrely hovered near all-time highs (more on that later), the credit markets slipped into even deeper disarray (an understatement) and commodities became pricier (a severe understatement). As always, my primary goal here is to help you understand what’s going on, and that it’s all a matter of policy, not accident. Bad policy, perhaps, but policy nonetheless. My secondary goal is to connect the dots and provide you with a source of news aggregation you can trust.

To begin, let’s review my most recent recommendations from my August 30th newsletter:

  • Get out of debt, especially variable rate debt such as credit cards and any adjustable rate loans. If I’m right about the dollar, vastly higher interest rates are on the way.
  • Get some exposure to assets that tend to vary inversely with the dollar. Gold, silver, oil, natural gas, and foreign currencies are my favorites.

The rest is exclusive content for members

Curious about what being a member offers? Sign up now for a risk-free trial and get a sneak peek into the premium content, features, and perks awaiting you on the other side.