Turning Hard Times Into Good Times

Bill Tatro and Walker Todd are first time guests. Tatro will explain the dynamics of Irving Fisher’s debt deflation model and how policy makers have gotten the world into this depression. More importantly, he has a recipe for not only protecting the wealth you have but for using the knowledge of what is to come to profit from it as the Dow heads from its current 13,000 to 13,500 range toward his predicted target of 3,500 by 2016. Walker Todd, a former Cleveland Federal Reserve economist and attorney, will answer a question that Jim Sinclair did not answer when I posed it to him at the latest CMRE. That question is, how do you get the banking system to expand and get the economy to grow again when pumping money into the banking system is analogous to “pushing on a string.” In addition, your editor will update you on his views of the markets at this point in time.