What Will Happen Wednesdays with Andrew Hoffman:
– We are in a world amuk, with bubbles inflating in late 1999 fashion as the news flow worsens by the minute. I mean, MCD stock surges on this morning’s abysmal sales report?
– Never have I seen so many dichotomies, and market manipulations, in so many areas of the global economy/markets.
– Greece a goner, no one cares
– Oil and copper supplies explode, no one cares
– Oil (and copper) now “PPT’d” just as Dow
– Economic data plunges, no one cares
– All-time low European yields, more than half of global government bonds below 1%, Eurobor now negative, 10 year bund nearly negative
– Aside from oil, copper, and few others, commodities plunging – lumber, iron ore, even rice
– Dollar near highs again, killing U.S. business
– All out bubble in China/Hong Kong/Japan, all Central bank caused
– Nasdaq 5,000, but record low CNBC ratings
– Gold at nearly lowest inflation adjusted price ever!
This interview was hosted by Financial Survival Network.