Turning Hard Times Into Good Times

Richard Maybury and Michael Oliver return. Richard notes that Washington’s military activity overseas seems designed to decrease peace and prosperity and increase hatred against the United States. That would certainly be consistent with the message James Perloff has been providing on this show. But Richard will share some time-proven ways for Americans to turn that increased hostility into profits. Meantime, Michael has been doing some very interesting and important work in tracking the biggest bubble in the world, namely the sovereign debt markets. His structural momentum work looks ominously similar to the pre-1987 crash when the bond vigilantes rendered the Fed impotent. What will happen to stocks, real estate and precious metals if market forces continue to drive interest rates much higher? Time permitting I will tell you about a couple of exciting tech stocks I learned about during my visit to Vancouver last week.