We Have Been Warned–Will You Listen? The Fat Lady is Singing, Damn it!

032011_wile_e_coyote_in_127_hours_tSeveral months ago the former Wizard of the Great Moderation, Alan Greenspan spoke the truth about a matter he had suppressed from is once committed real money stance during his tenure as a (lousy) mainstream economist and Fed Chairman, he told his audience at the Council of Foreign Affairs, of which he is a member in good standing, that they must own gold. Recently, he has been on the airwaves warning of a major disconnect between the stock markets and economic reality. As with his warnings concerning the bull market of the late 1990’s, these statements seemed to fall on deaf ears.

jobs-quality-Feb_0Perhaps even more significant the master of hidden meanings was followed recently by his predecessor at the Fed who has joined him in “retirement”, The Bernanke, who made what some might call a disturbing and outrageous statement calling on legislation to give emergency powers to the Presidency to be used in times of economic crisis. Then comes Lord Jacob Rothschild, who is considered by many either the head other dimensional lizard, the leading bloodline in the conspiracy of One Worlders or the chief of the Illuminati and majordomo of the Bilderbergers, the hidden rulers of the world. Or he is simply a very well connected, very wealthy and powerful member of an elite banking set that wields immense power no matter what lies under the surface of their outward persona. But his words should, indeed, be taken with the required deference and in his families public asset management company’s recently published annual report he directly states that the world is well within the most dangerous geopolitical situation since WWII and seems none too keen on the macroeconomic environment either. Add to this what one should be able to garner from ones own eyes and intellect the words of some other very bright and very worried observers and one could easily conclude that the bells are, in fact, ringing at the top!  

Depression Interruptus: 

Once upon a time I sent out economic and market research and prognostications about global stock markets, currencies and all of that…for those very rare folks that might have been on my institutional mailing lists, and I am sure there might be one or two out there among the few thousands that receive my current pontifications and items of interest ( at least to me) I had a number of damn good calls, the pound collapse in the early 1990’s that George Soros took advantage of to knock up his first billion, not on my insights, however. The recession and bank crisis of 1990-91 was also well forecasted.The secular bull market and technology driven universal capitalist resurgence in American and world economic growth, even through the bubble burst of 2000-2002, and then most importantly the imminent collapse of the global economy and financial markets which I was pronouncing already in late 2006 for sometime towards the end of 2007/08. Unfortunately, I then became a perma-bear and missed the massive fiscal and central bank inflated rally since the bottom of 2009. I also, frankly, lost all interest in the financial markets as I migrated philosophically and found myself in the anarchist, anti-government, radical libertarian capitalist camp. The markets, I concluded are rigged and manipulated beyond anything most, even professional investors could imagine. The case for my conclusions has only become stronger with each passing day.

Wrong I have been for a number of years, at least on financial markets, but right I have been on the persistent growth of crony-capitalist corruption and increasing blatant fascism in America. On the central bank manipulated financial markets, it has always been a matter of timing. Not if, but when and yes a stopped watch is correct twice a day, perhaps even a golden Apple Watch. This being said, what I see coming down the road is far scarier than anything previously forecast by me and all but the most bearish of seers. The coming resumption of the secular financial, economic and civilizational declines of America and the “West” will make the first preliminary events of 2008-2009 look like a minor perturbation, the opening act in a multi-year turbulence that will include social upheavals here in America as well as around the globe, financial ruin for many more hundreds of millions, calamitous wars and the final imposition of an authoritarian emergency rule in this once free democratic nation.

It is still possible, in my humble opinion, that the crisis unfolding could lead to an emergency decree of postponement of the elections in 2016. Possible, but still unlikely. But the depression will resume in full force until the catharsis and market revulsion over economic and unsustainable social and political trends are either ended with total authoritarian dictatorship or naturally under the truism that “time heals all wounds”, the ends will be radically different, but the interim pain will not be. 

Never has there been a more artificial—-indeed, phony—–gain in the stock market than the 215% eruption orchestrated by the Fed since the post-crisis bottom six years ago today. Abread2nd the operative word is “orchestrated” because there is nothing fundamental, sustainable, logical or warranted about today’s S&P 500 index at 2080.

In fact, the fundamental financial and economic rot which gave rise to the 672 index bottom on March 9, 2009 has not been ameliorated at all. The US economy remains mired in even more debt, less real productive investment, fewer breadwinner jobs and vastly more destructive financialization and asset price speculation than had been prevalent at the time of the Lehman event in September 2008.

Indeed, embedded in Friday’s allegedly “strong” jobs report is striking proof that the main street economy is the very opposite of bullish. In January 2015 there were still 2 million fewer full-time, full-pay “breadwinner” jobs in the US economy than there were before the crisis in December 2007.

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[gview file=”https://troutinmilk.com/wp-content/uploads/2015/03/David-Stockmans-Contra-Corner.pdf”]

via Six Years Of Bull Market Bull | David Stockman’s Contra Corner.

7 Signs That A Stock Market Peak Is Happening Right Now

SP500-PE-Valuations-030815Is this the end of the last great run for the U.S. stock market?  Are we witnessing classic “peaking behavior” that is similar to what occurred just before other major stock market crashes?  Throughout 2014 and for the early stages of 2015, stocks have been on quite a tear.  Even though the overall U.S. economy continues to be deeply troubled, we have seen the Dow, the S&P 500 and the Nasdaq set record after record.  But no bull market lasts forever – particularly one that has no relation to economic reality whatsoever.  This false bubble of financial prosperity has been enjoyable, and even I wish that it could last much longer.  But there comes a time when we all must face reality, and the cold, hard facts are telling us that this party is about to end.  The following are 7 signs that a stock market peak is happening right now…

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via 7 Signs That A Stock Market Peak Is Happening Right Now.

Lord Rothschild Warns Investors of ‘Most Dangerous Geopolitical Situation Since WWII’

Lord Jacob Rothschild has warned investors that the world is mired in the most dangerous geopolitical situation since World War II.

The 78-year-old chairman of RIT Capital Partners, a £2.3bn trust, used the organization’s annual report to caution savers that the focus of the firm would be the preservation of shareholders’ capital and not short term gains.

Rothschild said that “a geopolitical situation perhaps as dangerous as any we have faced since World War II” has created a “difficult economic background” of which investors should be wary.

[gview file=”https://troutinmilk.com/wp-content/uploads/2015/03/Why-This-Tech-Bubble-Is-Worse-Than-the-Tech-Bubble-of-2000.pdf”]

[gview file=”https://troutinmilk.com/wp-content/uploads/2015/03/Ranking-This-Bull-Market-Rally.pdf”]

via Lord Rothschild Warns Investors of ‘Most Dangerous Geopolitical Situation Since WWII’.

The steady derailment of the U.S. financial system | Personal Liberty

The reality is that America actually produces very little that is tangible beyond Big Macs, pharmaceuticals and the occasional overpriced fighter jet that doesn’t function correctly and is filled with Chinese parts. All three will kill you at varying degrees of speed.

In the first part of this article series, I discussed the true state of global demand, along with the unstable situation within numerous indicators from exports to retail. Swiftly falling global demand for raw materials as well as consumer goods is an undeniable reality. This is a distinct problem in terms of the U.S., which has been, up until recently, the primary consumption driver for much of the world. As I plan to show, U.S. demand is about to fall even further into the abyss as real unemployment and personal debt take their toll.

[gview file=”https://troutinmilk.com/wp-content/uploads/2015/03/One-last-look-at-the-real-economy-before-it-implodes.pdf”]

[gview file=”https://troutinmilk.com/wp-content/uploads/2015/03/The-steady-derailment-of-the-US-financial-system.pdf”]

[gview file=”https://troutinmilk.com/wp-content/uploads/2015/03/This-is-outrageous.pdf”]

via The steady derailment of the U.S. financial system | Personal Liberty.

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