Fed
officials
have
no
intentions
of
hiking
rates
in
2015,
despite
the
hawkish
rhetoric
making
the
media
reports.
Financial
debt-bubbles
are
typically
followed
by
deflation,
not
inflation,
which
is
a
key
reason
why
Fed
policymakers
hands
are
tied.
Too
many
money
managers
piled
into
the
risk-off,
long-only
trade
-
the
unwinding
process
could
be
more
protracted
than
anticipated
The
recent
equities
selloff
could
be
merely
the
opening
salvo
of
a
new
downtrend
in
equities,
culminating
with
multiple
price
implosions.
The
downtrend
could
persist
throughout
2016.
The
housing,
echo-boom
of
2009-2015
is
losing
momentum
as
investors
/
builders
brace
for
higher
rates.
Household
income
per
capita
has
plunged
since
2008,
more
than
$5,000
-
eroding
another
key
housing
demand
factor.
Harry
S.
Dent
notes
the
new
long-term
downtrend
in
housing.
He
expects
the
market
to
drop
by
at
least
40-50%
on
average
and
much
more
in
frothy
regions.
The
net
result
will
be
buying
opportunities
for
those
who
anticipating
the
sea
change
event.
The
HGX
Housing
Index,
appears
to
be
developing
the
most
bearish
of
all
technical
price
patterns
(Figure
1.1.).
Chris
welcomes
back
to
the
show,
Bill
Murphy
from
GATA.org.
The
discussion
includes
Nassim
Taleb's
latest
work,
AntiFragile,
free
PDF
link
listed
below.
Due
to
Fed
intervention,
risk
was
removed
from
the
markets,
that
is
until
recently.
Even
hedge
funds
that
are
supposed
to
ameliorate
risk,
employed
long-only
investment
strategies
to
remain
competitive.
However,
without
the
Fed
rate
panacea,
the
threat
of
higher
rates
rattled
the
markets.
The
duo
discuss
the
growing
crowd
of
cognoscente
who
insist
that
the
precious
metals
(PMs)
markets
are
manipulated.
Bill
Murphy
agrees
with
friend
of
the
show,
Jim
Rogers,
that
a
currency
crisis
could
unfold,
sending
the
precious
metals
skyward.
For
instance,
the
Argentine
currency
dilemma
resulted
with
a
100%
in
the
price
of
gold
in
approximately
12
months
(Figure
1.1.).
The
next
bull
market
in
gold
/
silver
and
related
equities
could
unfold
at
an
alarming
pace,
making
the
prescribed
accumulation
via
dollar
cost
averaging
all
the
more
sound
an
investment
strategy.
Despite
months
of
hawkish
jawboning
by
Fed
policymakers,
the
benchmark
overnight
lending
rate
will
remain
fixed
at
.25
at
the
next
FOMC
meeting,
with
a
91%
probability
(Figure
1.2.).
The
duo
ask
the
poignant
question,
"What
do
Fed
policymakers
know
about
the
domestic
economy,
that
is
holding
back
the
inevitable
rate
hike?"
Right
Click
Above
and
"Save
Target
As..."
to
download.
To
learn
more
about
software
needed
to
play
the
above
formats,
please
visit
the
FAQ.
NEW
-
Hotline
-
Q&A:
1-206-666-5370
Harry
S.
Dent
Jr.
The
Demographic
Cliff
Harry
S.
Dent,
Jr.
is
the
Founder
of
Dent
Research,
an
economic
forecasting
firm
specializing
in
demographic
trends.
His
mission
is
“Helping
People
Understand
Change”.
Using
exciting
new
research
developed
from
years
of
hands-on
business
experience,
Mr.
Dent
offers
unprecedented
and
refreshingly
understandable
tools
for
seeing
the
key
economic
trends
that
will
affect
your
life,
your
business,
and
your
investments
over
the
rest
of
your
lifetime.
Mr.
Dent
is
also
a
best-selling
author.
In
his
book
The
Great
Boom
Ahead,
published
in
1992,
Mr.
Dent
stood
virtually
alone
in
accurately
forecasting
the
unanticipated
boom
of
the
1990s
and
the
continued
expansion
into
2007.
In
his
new
book,
The
Demographic
Cliff,
he
continues
to
educate
audiences
about
his
predictions
for
the
next
great
depression,
especially
between
2014
and
2019
that
he
has
been
forecasting
now
for
20
years.
Mr.
Dent
is
the
editor
of
the
Survive
and
Prosper
newsletter
and
has
created
the
HS
Dent
Financial
Advisors
Network.
Mr.
Dent
received
his
MBA
from
Harvard
Business
School,
where
he
was
a
Baker
Scholar
and
was
elected
to
the
Century
Club
for
leadership
excellence.
At
Bain
and
Company
he
was
a
strategy
consultant
for
Fortune
100
companies.
He
has
also
been
the
CEO
of
several
entrepreneurial
growth
companies
and
a
new
venture
investor.
Since
1988
he
has
been
speaking
to
executives
and
investors
around
the
world.
He
has
appeared
on
“Good
Morning
America”,
PBS,
CNBC,
CNN,
FOX,
Bloomberg,
and
has
been
featured
in
USA
Today,
Barron’s,
Investor’s
Business
Daily,
Entrepreneur,
Fortune,
Success,
US
News
and
World
Report,
Business
Week,
The
Wall
Street
Journal,
American
Demographics,
Gentlemen’s
Quarterly
and
Omni.
Harry
S.
Dent,
Jr.
is
the
Founder
of
Dent
Research,
an
economic
forecasting
firm
specializing
in
demographic
trends.
His
mission
is
“Helping
People
Understand
Change”.
Using
exciting
new
research
developed
from
years
of
hands-on
business
experience,
Mr.
Dent
offers
unprecedented
and
refreshingly
understandable
tools
for
seeing
the
key
economic
trends
that
will
affect
your
life,
your
business,
and
your
investments
over
the
rest
of
your
lifetime.
Mr.
Dent
is
also
a
best-selling
author.
In
his
book
The
Great
Boom
Ahead,
published
in
1992,
Mr.
Dent
stood
virtually
alone
in
accurately
forecasting
the
unanticipated
boom
of
the
1990s
and
the
continued
expansion
into
2007.
In
his
new
book,
The
Demographic
Cliff,
he
continues
to
educate
audiences
about
his
predictions
for
the
next
great
depression,
especially
between
2014
and
2019
that
he
has
been
forecasting
now
for
20
years.
Mr.
Dent
is
the
editor
of
the
Survive
and
Prosper
newsletter
and
has
created
the
HS
Dent
Financial
Advisors
Network.
Mr.
Dent
received
his
MBA
from
Harvard
Business
School,
where
he
was
a
Baker
Scholar
and
was
elected
to
the
Century
Club
for
leadership
excellence.
At
Bain
and
Company
he
was
a
strategy
consultant
for
Fortune
100
companies.
He
has
also
been
the
CEO
of
several
entrepreneurial
growth
companies
and
a
new
venture
investor.
Since
1988
he
has
been
speaking
to
executives
and
investors
around
the
world.
He
has
appeared
on
“Good
Morning
America”,
PBS,
CNBC,
CNN,
FOX,
Bloomberg,
and
has
been
featured
in
USA
Today,
Barron’s,
Investor’s
Business
Daily,
Entrepreneur,
Fortune,
Success,
US
News
and
World
Report,
Business
Week,
The
Wall
Street
Journal,
American
Demographics,
Gentlemen’s
Quarterly
and
Omni.
Bill
Murphy,
GATA
Chairman
Murphy
grew
up
in
Glen
Ridge,
N.J.,
and
graduated
from
the
School
of
Hotel
Administration
at
Cornell
University
in
1968.
In
his
senior
year
he
broke
all
the
Ivy
League
single-year
pass-receving
records.
He
then
became
a
starting
wide
receiver
for
the
Boston
Patriots
of
the
American
Football
League.
He
went
on
to
work
for
various
Wall
Street
brokerage
firms
and
specialized
in
commodity
futures.
He
began
as
a
Merrill
Lynch
trainee
and
went
on
to
Shearson
Hayden
Stone
and
Drexel
Burnham.
From
there
he
became
affiliated
with
introducing
brokers
and
eventually
started
his
own
brokerage
on
5th
Avenue
in
New
York.
He
now
operates
an
Internet
site
for
financial
commentary,
www.lemetropolecafe.com.
Chairman/CEO/CIO
Louis
Navellier
is
Chairman
of
the
Board,
Chief
Executive
Officer,
and
Chief
Investment
Officer
of
Navellier
&
Associates,
Inc.,
located
in
Reno,
Nevada.
Mr.
Navellier
is
also
editor
of
four
leading
stock
advisory
newsletters:
Emerging
Growth,
Quantum
Growth,
Blue
Chip
Growth,
and
Global
Growth.
A
recognized
expert
in
translating
what
had
been
purely
academic
techniques
into
real
market
applications,
he
believes
that
disciplined,
quantitative
analysis
can
select
stocks
that
will
significantly
outperform
the
overall
market.
Mr.
Navellier
employs
a
three-step,
highly
disciplined,
bottom-up
stock
selection
process,
focusing
on
quantitative
analysis,
fundamental
analysis,
and
optimization
of
the
securities
selected
for
the
portfolio.
In
1980,
Mr.
Navellier
began
publishing
his
research
in
his
stock
advisory
newsletter,
the
MPT
Review.
Since
1987,
he
has
been
active
in
the
management
of
individual
portfolios,
mutual
funds,
and
institutional
portfolios.
A
charismatic
figure
with
a
reputation
for
solid
leadership,
Louis
Navellier
has
been
covered
by
a
wide
range
of
international
media.
In
addition
to
appearing
on
CNBC,
Bloomberg,
The
Nightly
Business
Report,
and
Wall
Street
Week,
he
has
been
featured
in
Barron's,
Forbes,
Fortune,
Investor's
Business
Daily,
Money,
Smart
Money,
and
The
Wall
Street
Journal.
Most
recently
he
was
profiled
in
Kenneth
A.
Stern's
book
Secrets
of
the
Investment
All-Stars
in
the
interview
"Louis
Navellier,
A
Man
Who
Has
Beat
Them
All."
He
is
also
featured
in
Alan
R.
Ackerman's
Investing
Under
Fire:
Winner
Strategies
from
the
Masters
for
Bulls,
Bears,
and
the
Bewildered.
Peter
Schiff
President
&
Chief
Global
Strategist
Peter
is
one
of
the
few
investment
advisors
to
have
correctly
called
the
current
bear
market
before
it
began
and
to
have
positioned
his
clients
accordingly.
As
a
result
of
his
accurate
forecasts
of
the
mortgage
meltdown,
credit
crunch,
and
decoupling
of
commodities,
precious
metals,
and
foreign
markets
from
the
U.S.
Dollar,
he
has
become
a
sought-after
economic
commentator
on
a
range
of
investment
topics.
Peter
delivers
lectures
at
major
economic
and
investment
conferences,
and
is
quoted
often
in
the
print
media,
including
the
Wall
Street
Journal,
New
York
Times,
L.A.
Times,
Barron’s,
BusinessWeek,
Time
and
Fortune.
His
broadcast
credits
include
regular
guest
appearances
on
CNBC,
Fox
Business,
CNN,
MSNBC,
and
Fox
News
Channel,
as
well
as
hosting
a
weekly
radio
show.
As
an
author,
he
has
written
four
best-selling
books,
including
his
latest:
"
Crash
Proof
2.0:
How
to
Profit
from
the
Economic
Collapse"
and
"How
an
Economy
Grows
and
Why
It
Crashes."
