Turning Hard Times Into Good Times

Kevin Duffy, David Kranzler and Michael Oliver return. Two main questions for this week’s show are the following: first, given pathological economic policies in place, what is the most likely outcome a “crackup boom” or a bursting of asset bubbles? Second, and of even greater importance, if bursting of asset bubbles is the most likely outcome, how should investors position themselves? Should gold be abandoned? What are the risks of short selling? Is this an opportunity to make money or just a good time not to lose money? We will seek David’s answer to the first question in the second segment of our discussion and on the last segment ask Kevin for his thoughts on how to position ourselves if, as your host believes, the most likely outcome is an asset deflation triggered by massive global debt default. Hopefully we will also obtain the latest technical views on the debt, equity and gold markets from Michael Oliver as well.