Friday, August 10, 2018

Wolf Richter, Bill Murphy, Chris Waltzek Ph.D. & Robert Ian - Aug. 10th, 2018 - Radio ©2005-2018. A Spina-Waltzek Production-©2005-2018 Royalty free music from Google Play. Disclaimer: this show is presented as informational content only. Consulting first with a registered financial advisor before investing is advisable.

Aug. 10th, 2018
Featured Guests
Gerald Celente &
Wolf Richter
Guest order - alphabetical

Show Highlights
  • Wolf Richter, founder of holds silver in his investment portfolio and advises investors to buy and hold PMs in anticipation of the next uptrend.
  • The duo make cautionary comments on the harrowing California wildfires; the 3 county raging inferno is now the largest on record, a "National Disaster."
  • While some pundits have blamed lack of water as a key catalyst, local authorities note ample water supplies.
  • Arid conditions, foliage overgrowth and urban sprawl in remote, fire-prone forest regions are the most likely culprit.
  • Strong GDP numbers were released last week; the U.S. economy grew at 4.1%, however our guest notes that the figure is volatile.
  • Some analysts hold to the thesis that 2019 could witness a domestic recession as the flattening yield curve suggests inversion as soon as 2019.
  • Our guest sees sunnier economic prospects citing the robust domestic manufacturing / transportation / service / housing sectors.
  • Firms are accumulating raw goods and inputs ahead of proposed trade tariffs, making the trucking / transportation sectors remain extremely strong.
  • Wolf Richter thinks the strength could buoy national output, lowering the odds for an economic downturn for the time being.
  • Wolf Street includes a city-by-city review of the Case Shiller Housing Index, illustrating that the most frothy areas have significantly eclipsed 2006.
  • Housing Bubble 2.0 could be unfolding due in part to HUD and related agencies underwriting the bulk of mortgages (50%), with required downpayments as low as 3.5% to secure a loan, far under the traditional 20%.
  • Bill Murphy of notes precious metals investors will ultimately be rewarded for their patience amid the typically slow "Summer Doldrums."
  • Gold prices tends to perk up as the holidays approach, including Christmas, Hanukkah, Diwali in India and China's New Year festivities.
  • Fed officials' actions speak volumes - following 7 recent rate hikes since 2015 and two more to go in 2018.
  • By pressing the economic brakes, the plan is to stem runaway inflation.
  • The EU economic ministers and many major competitors seek to halt QE operations and begin raising rates, putting the US dollar under pressure.
  • Signs of inflation are already appearing in the commodities sector vis-à-vis WTIC oil and the CRB indexes, both near multi-year record prices.
  • In Caracas Venezuela, a dozen eggs costs nearly $3,000,000 Bolivars amid 1 million percent inflation.
  • Just a year ago, the same dozen eggs required only $3 Bolivars, a petrie dish example of hyperinflation south of the border, but still less than Zimbabwe.
  • In response to threats from Washington regarding tariffs on all $500 billion in China's US imports, officials could use the so called "Nuclear Option."
  • While US policymakers play tough using dollar hegemony to level the field in global trade, tariffs sharply increase prices for the working / middle classes.
  • Key takeaway point - if homeowners knew when the lightning bolt / flood / earthquake or fire would hit, there'd be no need for insurance premiums; in similar fashion, investors are advised to procure portfolio insurance, i.e., gold / silver while still at discounted prices.

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Guest Bios
Wolf Richter founder, Wolf Richter makes his show debut with cautionary comments on the US domestic economy. In his cynical, tongue-in-cheek manner, he muses on WOLF STREET about economic, business, and financial issues, Wall Street shenanigans, complex entanglements, and other things, debacles, and opportunities that catch his eye in the US, Europe, Japan, and occasionally China.
WOLF STREET is the successor to his first platform…
…whose ghastly name he finally abandoned in July 2014. Here’s the story on that.
Wolf lives in San Francisco. He has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin).
In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. But one day, he quit and went to France for seven weeks to open himself up to new possibilities, which degenerated into a life-altering three-year journey across 100 countries on all continents, much of it overland, that almost swallowed him up.
BIG LIKE: CASCADE INTO AN ODYSSEY, the travel memoir of an almost regular guy who gets totally unstuck in Tokyo.
Website: click here.

Bill Murphy

Bill Murphy, GATA Chairman
Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary,