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John Rubino – Economic Data Continues To Be Weak, But Markets Keep Rallying Anyway

John Rubino, Founder of the Dollar Collapse website and editor of a recently launched newsletter over at Substack,  joins us to review what catalysts could be causing most markets to keep rallying higher when most economic data points to the economy heading into a deeper contraction and recession.  John points out that this is a scenario where bad economic news is considered good market news, as it means the Fed and other global central banks will slow down the pace and amount of rate hikes moving forward, and after pausing, eventually become more accommodative once again.

 

The discussion gets into a range of macro fundamentals from consumer credit card debt, the real estate market, manufacturing weakness, bad corporate earnings, inflation, currencies, interest rates and more.   We wrap up with John providing some actionable steps investors can take to benefit from the economic trends we are seeing highlighting the gold and silver royalty and streaming companies, uranium stocks, and oil stocks as areas of potential opportunity.

 

 

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https://rubino.substack.com/

Discussion
16 Comments
    Jan 23, 2023 23:19 PM

    Lance Roberts & Adam Taggart – Critical Moment: Will Markets Break Out Or Break Down From Here?

    Wealthion – Jan 21, 2023

    https://youtu.be/1E5VYTRwbSk

    Reply
      Jan 23, 2023 23:25 PM

      John Rubino – Markets To Fall Into ‘Blind Panic’ As System Breaks & Money Fails In 2023?

      Wealthion – Jan 4, 2023 #VIDEO

      – The mountain of global debt continues to expand, but the cost of servicing it is suddenly skyrocketing due to higher interest rates.

      – Inflation, while starting to moderate, is still not anywhere under control.

      – US Money Supply is now shrinking for the 1st time in at a least 60 years.

      – And the rest of world is rushing to find ways to de-dollarize trade.

      – What impact will these trends have for investors in 2023?

      – To discuss, we’re fortunate to be joined today by John Rubino, co-author of the book The Money Bubble along with James Turk.

      https://youtu.be/fG81r8OFRKY

      Reply
      Jan 23, 2023 23:23 PM

      The enormous majority expect The Big Bull Market to break down. But I am going to predict that we will have one last sensational phase where this market enters a glittering phase to the upside and fools almost all of us and then crashes in the ashes. DT

      Reply
        Jan 23, 2023 23:22 PM

        It’s an interesting notion DT, and something that Kyle over at Silver Chartist has postulated as well. His position is that when the Fed finally does pause and the markets feel good about things being less uncertain, that the markets will have one big euphoric blow off top along with cryptos and everything else that is speculative, and it will be 1 for the record books.

        I’d submit that the blow off top we’ve already had in 2021 was one for the record books, and was incredibly frothy, but it’s possible there’s one more final thrust higher of course. We can never say never on anything in these markets.

        Kyle’s thesis is that people will assume it’s a new bull market or a continuation of the last bull market and won’t realize it’s actually a bull-trap where smart and managed money is selling out of their positions to the retail and hedge fund bag-holders for many years to come.

        Reply
          Jan 23, 2023 23:35 PM

          I asked a couple of guests that we bring on the show what they thought of this idea of one more wild melt up that traps all the retail and managed money, as they pass the bag to them, in another feeding frenzy.

          Most shrugged it off and said the tops were already in for the general markets and crypto markets. While I think that is likely true, that the tops in both are in for both sectors already as of late 2021; as a contrarian, the fact that nobody even considered it likely or even a potential makes me even more interested in this idea. I’m not completely ruling it out as a wild card potential that would catch so many people off guard.

          To be clear, I don’t think the melt up scenario is as high of a probability, as it is that we are still in the bear market, and that this recent rally is just a dead-cat bounce, setting up the sentiment boost and greed, to have the rug pulled out from underneath in another deeper leg lower.

          Reply
          Jan 23, 2023 23:54 PM

          You realize Ex, that anyone who would predict one huge final rally in the stock market is either a Mad Man, or a genius in the field of human psychology. DT😉

          Reply
    Jan 23, 2023 23:29 PM

    John Rubino – The Golden Rule is Coming Soon

    Kerry Lutz’s Financial Survival Network – Jan 17, 2023

    – Iran and Russia are talking about issuing a gold backed stablecoin.

    – Ghana has started paying gold for oil, the first consignment was $40 million.

    – Massive shift towards nuclear power is coming.

    – They’re changing the way they calculate the CPI to make it much lower in the year ahead.

    – Claus Schwab and George Soros just pulled out of the Davos WEF meeting. Are they just old and dying or is something else up? Meanwhile the WEF has declared 2023 the year of the “polycrisis”.

    https://youtu.be/i5OGFC91ZLQ

    Reply
    Jan 23, 2023 23:59 PM

    hi ; i amm making money again in some nat gas pipeline stocks as well as PEP AND KDP SODA POP STOCKS . Trump worship seems to have faded i see no red maga hats anymore and i live in a 66% repub county in eastern washington state . I am a lonely democrat . But trumpism is fading here locals like desantis or chip roy not trump my understanding is that trump is having trouble filling rallys he is planing including one for columbia SC next week . i am giving 500 dollars to dronearmy project to give drones to ukraine GLORY TO THE HEROS u can also give to world central kitchen if you want. love and best new year to you all r s hamilton

    Reply
      Jan 23, 2023 23:55 PM

      thank you RUSSELL for helping UKRAINE. i am ukrainian american, sent thousands of dollars to my friends in KHARKIV . many people have hard time. one day we will win the war. best to you. alex.

      Reply
      Jan 23, 2023 23:48 PM

      Russell, putting one line in there about investing and then spending the rest of the post ranting about politics is not what this blog is about.

      There is a politics page and forum here at the KE Report for you to wax philosophical with your amazing political viewpoints and opinions. We don’t want all that polarizing mess here on the economic blog, geared around investing, and neither do many of our sponsors or guests that we bring on the show, or a number of readers & listeners.

      I have discussed this with you over and over again in the past, and this is like the 10th time you’ve done the same thing with no apparent respect for our requests. Can you please cut it out already? If you persist in doing this, with out any regard for what we’ve politely and repeatedly asked, then I’m just going to start removing your comments (which I would prefer not to do).

      If people have any burning political opinions to share that have little to no connection with investing, or a direct tie-in with economics, then that is what the politics forum is there for, to voice your opinions over there.

      Thanks for your understanding and cooperation.

      Reply
        Jan 24, 2023 24:22 PM

        Cut him OUT………… or I will be forced to have a rebuttal .

        Make him use the ORPHAN SECTION, where his comments are more suitable…..

        HE HAS HAD PLENTY OF WARNING……

        RESPECT………… the BLOG……..russell……..

        Reply
          Jan 24, 2023 24:09 PM

          Thanks OOTB. I’m trying one more written request with Russell first, as I think it would be fine if he’d post his comments over on the political forum. That way folks could respond back if they had different opinions, and that is encouraged on those blog threads.

          My observation is that he’s tried posting over there before and didn’t like the responses back he got refuting many of his comments, so instead he tries to weasel them in here by starting with one line about investing and then going into T.D.S.

          Reply
            Jan 24, 2023 24:12 PM

            Hello EX….Shad………
            Thanks for the reply.
            Russell knows the game ,… just lack of respect for the investors , that do not want to
            hear the politics. HE, is the only one that has been here for years, …except one other
            that pops in and out like wacky mole ,… that disrespects the new format .
            NO EXCUSES… IMO.
            Thanks again….

    Jan 23, 2023 23:48 PM

    E.B. Tucker – The Real Reason Central Banks Are Desperate to Hoard Gold

    Stansberry Research – Jan 20, 2023

    “Big tech companies are laying off 10% of their workforce, this is going to have a huge effect,” warns E.B. Tucker, bestselling author of Why Gold, Why Now? “We are slowly grinding towards a position where something weak will crack,” he tells Daniela Cambone on this episode of Powershift: Outlook 2023. “The crypto story is speculative mania blow off coming back down to Earth… To their detriment, central banks are going to make their own crypto,” he continues. “Nothing is going up in value on a speculative basis. You have to remain solvent in order to play the next inning,” Tucker says.

    While the Fed remains on their current path, “it’s really hard for people to wait, but you’re in a scenario right now where if you make a big move, you’re probably going to get hurt,” he warns. “The [gold] resource producer is beginning to assert power they haven’t had in 25 years. You want to own the actual physical resources,” Tucker says. “The people that think the dollar is going to crash are dreaming, it is not something that just disappears,” he continues. “The system is majorly broken, it’s a centrally planned economy,” Tucker concludes.

    https://youtu.be/EC2YRkbnxSw

    Reply
    Jan 24, 2023 24:48 AM

    Silver looks poised to start a run towards $26+. If we can close the week above the 30 day MA, I will consider it constructive.

    In a vacuum, I would expect silver to do better than that, but next Wednesday we have the FOMC, and it’s hard to see a smooth ramp upwards from here. To the contrary, we are used to seeing big whipsaws before, on and after the FOMC meeting.

    Reply

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