Hour 1 – Recession Fears, Trade War Updates, and Investing Strategies

October 12, 2019

This weekend you get a full two hours of market and economic commentary. In the first hour I focus on the many predictions of a recession occurring in 2020. We also discuss the trade war developments from this week and how it all relates to overall market direction.

The second hour of the show is focused on resource investing. Be sure to check out that posting under “Hour 2”.

Please let me know what you think of this weekend’s show. I love hearing from all of you and do my best to get back to your emails. My email is

  • Segment 1 & 2 – Mike Larson, Editor of The Safe Money Report kicks off the show with his thoughts on a possible 2020 recession. We look to the recent IPO market failures and the comments made by Powell earlier this week.
  • Segment 3 – Chris Temple recaps the market moves at the end of the week on the back of the trade developments. The move to risk on was drastic at the end of the week.
  • Segment 4 – Jeff Christian, Managing Partner at the CPM Group distinguishes between a recession and full on financial collapse that some are predicting. From an investing perspective this is very important for when the large correction hits.

Mike Larson
Chris Temple
Jeff Christian
    Oct 12, 2019 12:43 AM

    Update on China, given that Cory and I had our discussion (Seg. 3) before actual news came out :

      Oct 12, 2019 12:50 AM

      It’s not surprising that China wanted to buy agricultural products, if they can’t feed 1300 million inhabitants their government will be staring at unrest not just in Hong Kong but also on the mainland. That was the easy part for The Trump administration, The Donald desperately needs something in the win column. One hand washing the other. DT

        Oct 12, 2019 12:14 AM

        It worries me that Trump has over-promised the ability to supply food supplies to China.

        Production of grains will be down this year in the U.S. (and Brazil) due to weather.
        Ag prices will jump higher this winter, which will push meat prices also higher.

        If China has locked in pricing, as I suspect, they might well be buying at bargain below market pricing.

    Oct 12, 2019 12:00 AM

    Tulsi considers boycotting the democrats debate due to corruption.The Democrat party may never forgive Tulsi Gabbard for slamming them with the truth of their corrupt practices

      Oct 12, 2019 12:19 PM

      Trump Is History and So Is the USA

      The American people are so stupid, having demonstrated their unlimited capability for utter and total stupidity by buying in to the Gulf of Tonkin, 9/11, Saddam Hussein’s “weapons of mass destruction,” “Assad’s use of chemical weapons,” “Iranian nukes,” “Russian invasions,” “Russiagate,” ad infinitum, that the Deep State and their media whores take for granted that the dumbshit Americans will equally accept the latest lie.

      America is already in the trash bin of history. Most other countries will say, “good riddance.”

        Oct 12, 2019 12:23 PM

        coup, most important political event in american history. Bob Moriarity

        start about 2.40mins

          Oct 12, 2019 12:26 PM

          Are the people telling us whats happening worth hearing?
          A presidential hopeful is telling us our system is corrupt.

          Something is wrong, Bob is telling us there is NOTHING more important, why isnt this the # 1 topic of discussion?

        Oct 12, 2019 12:49 PM

        The American people are so stupid, having demonstrated their unlimited capability for utter and total stupidity by buying in to the Gulf of Tonkin, 9/11, Saddam Hussein’s “weapons of mass destruction,”
        You could follow that up by …creation of the FED AND IRS…..

        Oct 12, 2019 12:06 PM

        I guess you don’t remember Saddam Hussein’s chemical attacks on the Kurds.

        Oct 14, 2019 14:43 PM


        You are right. People are stupid to buy into those silly 9/11 conspiracy theories.

    Oct 12, 2019 12:19 AM

    Does Jeff think that IF a democratic socialists manages to become our next president that any economic turmoil will become amplified?

    Oct 12, 2019 12:27 AM

    I’m afraid I have to disagree with a much of what Jeff Christian had to say and his faith in central banks to paper over the problems with their ‘tool box’ and that they have huge amounts of bullets and that central banks understand ”modern finance’ unlike us plebs. He seems to think that what’s coming is just a short run-of-the-mill recession, that nothing is different this time than it’s been for the last 400-500 years. My question to him would be when in the last 400-500 years has there been negative interest rates, when in the last 400-500 years have governments/central banks been able to build up this level of debt on a global scale, when in the last 400-500 years were entitlements so huge that they alone were simply unplayable, apart from recent history, at what other time were currencies all fiat allowing governments to run up this debt, at what other time in history did central banks think they could do ‘whatever it takes’ to stop a recession etc etc. I agree with him it probably won’t be the end of the the world but a small and simple common or garden recession, I don’t think so.

      Oct 12, 2019 12:14 AM

      Jeff is part of the corruption (they say)……CME Group…….do some research…….silver

        Oct 12, 2019 12:17 AM

        Jeff has to be a real idiot,or a fraud ….to believe anything is right with the FAKE FED.

    Oct 12, 2019 12:04 AM

    Never has there ever been negative interest rates on money…because it never made sense until now?…the panic of central banking is huge….but THEY will not give over control and I see no signs of the public revolting other than voting for Trump….

    Oct 12, 2019 12:35 AM

    Physical auto sales in China (the world’s biggest market) is down 6% yoy.

    This could impact metals markets.

    Oct 12, 2019 12:37 AM
    Oct 12, 2019 12:39 AM

    What does Jeff think will happen when Hillary, Quid pro Joe, Brennan, Clapper, Lynch, Obama, Comey, et al are arrested under Barr’s orders and the NY Times , NBC, ABC, and CBS claim that Trump is a tyrant, and antifa starts a civil war? Better buy more gold and ammo now while you can. The price of gold may go higher than the DJIA as in 1981 under the hapless fool Carter. At least Jimmy was not a crook…

    Oct 12, 2019 12:20 AM

    pART 2 ?

      Oct 12, 2019 12:51 AM

      Trump Wrong……big Mistake.

    Oct 12, 2019 12:29 PM

    Big Brother: National I.D. and Health:

      Oct 12, 2019 12:38 PM

      IRS owns your finance privacy
      Medical monopoly owns your personal privacy
      Equals government owns you

    Oct 12, 2019 12:45 PM

    BREAKING: Project Veritas announces CNN Insider release

      Oct 12, 2019 12:01 PM

      Commie Non News

    Oct 12, 2019 12:33 PM

    Did you know the “Ellen Show” worked with the CIA ?

    Start back over halfway !

    Oct 12, 2019 12:53 PM

    Paul Craid Roberts on USA

    Oct 13, 2019 13:22 AM
      Oct 13, 2019 13:13 AM

      Under a long-term deal sealed by the Obama administration, a Chinese Communist company was set to control the second-busiest container port in the United States. In an unreported Trump administration victory, the Communists are out after a drawn-out national security review forced a unit of China-based COSCO Shipping Holdings Co. (Orient Overseas Container Line—OOCL) to sell the cherished container terminal business, which handles among the largest freight of imports into the U.S.

      It all started with a 40-year container terminal lease between the Port of Long Beach in southern California and Hong Kong. The Obama administration proudly signed the agreement in 2012 giving China control of America’s second-largest container port behind the nearby Port of Los Angeles. One of the Trump administration’s first big moves was to get the Communists out of the Port of Long Beach. After a national security review and federal intervention, the Long Beach terminal business, which handles millions of containers annually, is finally being sold to an Australian company called

        Oct 13, 2019 13:17 AM

        Drug dealing will be down, Pelosi and Crew, will have to find another port……..
        Just send Biden back, for another deal…….. 🙂

    Oct 13, 2019 13:10 AM

    5,200 Tobacco Shops In France Now Selling Bitcoin

    ..over 25,000 points-of-sale of 30 French retailers including sportswear giant Decathlon and cosmetics store Sephora will start accepting BTC payments by early 2020…

    Looks like bitcoin refuses to die.

    Oct 13, 2019 13:27 AM

    Paul Craig Roberts – We Have a CIA Operation Against the President
    CorruptionDeep StateNewsNWO TyrannyPolitics
    October 13, 2019 0
    from Greg Hunter:

    Oct 13, 2019 13:02 AM

    In a statement issued by his lawyer Sunday morning, Hunter Biden announced he’ll step down from the board of BHR (Shanghai) Equity Investment Fund Management Company, a Chinese private equity firm that claims to manage about $2.1 billion in investments. Biden insisted he has earned no money from his role and said he paid about $420,000 in October 2017 to buy a 10% equity position in the company.

    Biden said he’ll resign by Oct. 31.

    The younger Biden also laid out ground rules for his career moves if his father is elected, including keeping the former VP “personally uninvolved in his business affairs.”

      Oct 13, 2019 13:04 AM

      His daddy needs to be behind BARS………Where is BARR…..he has no business overseas…

        Oct 13, 2019 13:06 AM

        BARR is the fly in the ointment ……..Justice system better get on the stick…., but, I doubt they will……corrupt as heck…..

    Oct 13, 2019 13:09 PM

    Hunter Biden, the black sheep who might accidentally bring down Trump, explained

      Oct 13, 2019 13:03 PM

      Matthew Yglesias co-founded with Ezra Klein and Melissa Bell back in the spring of 2014. He’s currently a senior correspondent focused on politics and economic policy, and co-hosts The Weeds podcast twice a week on Tuesdays and Fridays.

      Before launching Vox, he was the author of the Moneybag column for Slate and before that he wrote and blogged for Think Progress, The Atlantic, TPM, and The American Prospect. Yglesias is the author of two books, most recently “The Rent Is Too Damn High” about the policy origins of the middle class housing affordability crisis in America.

      Yglesias was born and raised in New York City, but has lived in Washington DC since graduating college in 2003.

        Oct 13, 2019 13:13 PM

        By February of 2014, Hunter was discharged from the Navy for testing positive for cocaine. The next spring, Beau died. In October 2015, Hunter separated from his wife Kathleen. She filed for divorce in 2016, and in paperwork complained that Hunter had been “spending extravagantly on his own interests including drugs, alcohol, prostitutes, strip clubs, and gifts for women with whom he has sexual relations.”

        Sometime in 2016, Hunter began dating Beau’s widow, which family members claimed to be supportive of, but that relationship unraveled by early 2019.

          Oct 13, 2019 13:14 PM

          Good grief………dating his dead brothers wife………

    Oct 13, 2019 13:33 PM

    Maria Bartiromo: DOJ inspector general report due out Friday and covers ‘more than just FISA abuse’

    Fox Business anchor Maria Bartiromo says her sources are telling her an extensive report by Justice Department Inspector General Michael Horowitz on a…

    Oct 13, 2019 13:34 PM

    FOR ME, that was the week that was……