Goldnomics Podcast Ep2 –Is This The Greatest Stock Market Bubble In History?
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Description
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?