Goldnomics

In this the second episode of the Goldnomics podcast we ask the question; “Is this the biggest stock market bubble in history”.

GoldCore CEO Stephen Flood and GoldCore's Research Director and world renowned precious metals commentator Mark O'Byrne in discussion with Dave Russell.

We discuss what is really driving the markets to new record heights, the less than stable economic fundamentals and central bank interventionist strategy that it is based on. We ask is there anything that central banks have left in there ammunition box to halt a slide when it starts and avoid a crash.

And most importantly we discuss what investors can do to protect themselves from the effects of the “Everything Bubble” bursting

Cutting through the financial markets jargon and looking at the risks to your investment portfolio that aren't spoken about in the mainstream media.

Listen to the full episode or skip directly to one of the following discussion points:

1:25 Why despite low volatility, low interest rates, low inflation, tax cuts and good employment numbers we are calling this the greatest stock market bubble in history.

2:13 Why we are in the bubble cycle.

4:04 The remarkable performance of the S&P 500 and the Dow Jones, are they to be believed? The Dow up 1,000 in a week!

5:45 How to evaluate if we are in a bubble

6:00 Why if you look under the bonnet of the fundamentals you find a rusty old engine.

6:06 Leverage, political and monetary interventions and irrational exuberance are all setting alarm bells ringing.

6:45 They’ve coined a new phrase for it – “Rational Exuberance”!

7:02 What’s fundamentally underpinning market sentiment, is there anything real?

7:35 The economic number that is the canary in the coal mine.

7:58 The fallacy of the economic numbers that we are shown.

8:20 A most shocking statistic – 15% of the American population are included in this incredible statistic. This doesn’t bode well for the state of the US economy.

9:10 The work of John Williams at Shadowstats revealing the truth behind the numbers.

9:30 What we mean when we talk about the Goldilocks economy.

9:45 Looking behind the employment and unemployment numbers. The shocking truth about manufacturing jobs in the US.

11:08 How the central banks created a wall of liquidity to fuel the everything bubble.

15:05 The massive growth in global debt since the credit crisis/debt crisis.

15:30 The importance if the debt to GDP ratio – no longer earning a return on capital.

17:05 The economic Ponzi scheme created by the central banks.

19:20 How the everything bubble effects everyone.

Why what happens in the US has implications globally.

20:20 Margin debt and borrowing to invest, reminiscent of 1929 as are the moves in the stock market.

22:40 The silent danger of the passive investors.

24:20 Are we abandoning the fundamentals, is anyone actually looking at these individual companies anymore?

24:40 The growth and impact of ETFs and the lack of price discovery.

27:25 Algorithmic trading technological enhancement or a danger to free markets.

27:50 That tabloid-like Bloomberg headline.

28:55 What happens to market leading stocks in a downturn, are they safe?

30:20 FANG Stocks – Facebook, Amazon, Netflix & Google in a downturn.

30:40 Are the central banks out of ammunition and powerless to stop a crash?

31:50 Opening the Pandora’s Box of printing money, is hyperinflation assured?

34:20 Another way to look at quantitative easing.

34:25 The difference between printing money and printing currency. You can’t print money – gold is money.

35:45 How stocks are a hedge against inflation, but probably not the best one.

36:35 Should we be looking at higher allocations to precious metals in this climate?   

37:40 The impact of the cashless society and what this means for gold and the importance of gold ownership.

38:05 How quantitative easing is effectively taxation except that it is much more insidious and the case for gold.

39:15 The danger of the cashless society and the digitization of the economy.

40:30 What actions you should be taking in to prepare for an in the event of a crash.

41:55 The role of cash in a portfolio during times of hyperinflation, bank bail-ins and stock market crashes.

People mentioned in this episode:

David Stockman

John Williams – www.Shadowstats.com

Make sure you don't miss a single episode......

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In the first episode we take a look at the major financial market themes of 2017 and delve in to what 2018 might have in store.

Dave Russell interviews GoldCore CEO Stephen Flood and world renowned precious metals commentator and GoldCore's Director of Research Mark O'Byrne.

Touching on a wide range of macro-economic and geo-political developments in an attempt to assess the risks of a global financial shock in the coming year.

Cutting through the financial markets jargon and looking at risk to your investment portfolio that aren't spoken about in the mainstream media.

Listen to the full episode or skip directly to one of the following discussion points.

2:20 What had the biggest impact on financial markets in 2017

6:12 What we need to watch for in 2018

6:25 Is a sharp correction on the cards for financial markets?

6:59 "The Everything Bubble!"

8:30 The effect of zero percent interest rates

8:45 The effect of "Algos" - algorithmic trading

9:35 The markets awash with liquidity. What this means and what it's doing to financial markets

10:40 Turning away from fundamentals - stopping the markets pricing risks

11:20 Why investors now have to second guess central bankers

12:10 The markets are running blind because of the official sector

12:19 The effect of passive trading on the market

13:30 Is gold still capable of playing the role of Canary in the coalmine. Why is it not reacting to the increases in risk?

15:00 We are no longer creating the same level of return in the form of GDP growth

15:50 What is going to be the banana skin for the bull market

16:00 The brewing trouble with Italian banks - what no one is talking about

17:40 The search for yield driving markets higher

18:00 The rise of populism - will the trend continue

19:25 The need for central banks to raise rates - running out of tools

21:10 The rise of corporatism - and the continued rise of inequality

21:30 The political manipulation of money

22:20 Central Banks reaching the end point?

23:02 Bitcoin and the impact on the monetary system

24:25 Bitcoin and the search for yield

25:15 The importance and the impact of cryptographic ledger, the technology behind Bitcoin

26:35 Are we seeing a tulip bulb style mania in Bitcoin - how high will it go, when will it crash?

29:25 Why the psychology of bubbles may suggest that this is not a bubble

30:55 Will we see an official representation of cryptographic currency

31:55 Where are precious metals going in 2018? What will break this sideways cycle?

32:40 What are the reasons to continue to hold gold in 2018

33:25 What the smart money is doing

34:40 The nature of gold as financial insurance

35:25 The impact of China on the gold price

37:45 The production costs of gold as a floor to the gold price

38:55 Why Stephen hopes the price of gold falls

40:10 Stephen, Mark and Dave's ones to watch for 2018!

Make sure you don't miss a single episode......

Subscribe to the Goldnomics Podcasts on iTunes or on YouTube:

YouTube.com/user/GoldCoreLimited

Follow us on social media:

Facebook.com/GoldCore

Twitter.com/GoldCore

Or visit our website at: www.GoldCore.com

This podcast was produced by www.onefishtwofish.ie