Mr. Townsend thinks the Dollar Index will continue to increase until global central bankers sit down and agree to another Plaza Accord to manipulate and intervene in currency markets. I’m on record for over a year: central bankers and policy makers will start to sound conservative noises about their fears of the dollar rising too far, too fast, once the Dollar Index exceeds 105. That will be a trigger for attempts to talk down the dollar, to slow the rise. We will see a huge hit to profits of U.S. large corporations as the dollar rises and there’s already signs the earning season about to get underway will carry this theme into the mainstream consciousness of market participants, and you will see this within two weeks. Mr. Townsend is one of the more sober analysts covering the alternative asset markets and his perspective usually provides rational “food for thought.” He’s a superb “global macro” thinker. – Eric Dubin, Managing Editor, The News Doctors
Jason and Mo of Wall St for Main St discuss 2016 including the Federal Reserve, interest rate increases, the 35+ bond bull market, a strong US Dollar, Donald Trump and Dow 20k.
Just how corrupt is Washington, D.C. and the political establishment and what will a Trump presidency likely face and actually achieve in terms of real reform? Jason Burack sits down with Jack Abramoff, one of the most well known former lobbyist turned whistle-blowers to explore the the swamp. Mr. Abramoff discusses specifics about the evolving Trump cabinet and how the emerging administration is shaping up as President-elect Trump prepares to be sworn-in as the next POTUS.
India’s war on cash sends people queuing in bank lines and spikes local Indian-priced gold higher while Western markets remain oblivious…
On Monday, I published an article (click here) and additional Facebook posts (click here) explaining that we were inside a 24 hour window where precious metals were likely setting a bottom. Upside momentum has faded and bullion manipulators are going to try to pressure prices downward. So far, the bottom has held but Thursday and Friday are key and Fed Chair Yellen is speaking before Congress on Thursday. December will see a 25 basis point Fed Funds rate hike, and this is already priced into the precious metals market but that doesn’t mean the market will not be attacked on Thursday! If we get an attack timed in association with Yellen’s Congressional testimony, it should be short-lived.
Jason and I recorded WTD #29 last Monday, after the New York market close. – Eric Dubin
I did not vote for Donald Trump. That said, the politically correct (PC) backlash we’re seeing in the U.S. is over the top.
Jason Burack of Wall St for Main St welcomed back returning guest, former top Wall St investment analyst, author and owner/writer of the popular website, Dollar Collapse.
David Stockman sat down with Jason Burack of Wall St for Main St to discuss his latest book, Trumped! A Nation on the Brink of Ruin… And How to Bring It Back. Stockman offers insight into current market and political dynamics – and pulls no punches.