A2A with Steve Keen, author of "Debunking Economics"

116

What a terrific webinar today as economist Steve Keen made his first appearance as an A2A guest.

Really good stuff today as Steve addresses a number of topics, including:

  • If/how the world can avoid another financial crisis
  • Can China continue to support global debt growth
  • Whether QE has been good for the global economy and if it can ever be halted
  • Is there such a thing as "efficient markets"
  • How might a threatened trade war between the US and China might impact global trade and debt
  • And much, much more!

I think you're really going to enjoy this audio so please try to carve out some time to give it a thorough listen.

TF

  116 Comments

silver66
Feb 23, 2017 - 3:16pm

First

cause I can

Silver66

bucktooth
Feb 23, 2017 - 3:21pm

1st

say what

edit: quoting Maxwell Smart, "Missed it by that much."

LostMind
Feb 23, 2017 - 3:27pm
infometron
Feb 23, 2017 - 3:27pm

turd!

early... oops, it's the A2A, not a pre-market close podcast surprise

NEETZEE
Feb 23, 2017 - 3:34pm

I plead the 5th

wahooo. :)

RickshawETF
Feb 23, 2017 - 3:35pm

Sixth!

Now to listen . . .

Stack on!

chrtoo
Feb 23, 2017 - 3:39pm

Vault Number 7.

No secrets here, though. Where did that story go?

Thanks for the A2A!

CHR.

matt_
Feb 23, 2017 - 3:51pm

AEM - too bad I have a real job

I was doing actual work this morning and missed my chance to sell the AEM calls that I bought yesterday for a 75% profit. I think that AEM has bounced in the short term and the next resistance is around $48. I'm holding my $48 calls for now.

AEM

Dr. P. Metals
Feb 23, 2017 - 3:57pm

JNUG rolling over and playing dead

metals smash tomorrow?

dryam
Feb 23, 2017 - 4:23pm

Divergence of metals & miners?

Anyone has an explanation for this?

-Thanks

Dr. P. Metals
Feb 23, 2017 - 4:25pm

RE: Anyone has an explanation for this?

yes, metals smash dead ahead (despite those who deny the correlation)

dryam
Feb 23, 2017 - 5:06pm

We covered this yesterday

The HUI is simply back to even YTD on a relative basis with silver.

As noted in the other thread, GDXJ is still hanging on and nicely above its 200-day MA.

And please give up on the proven-wrong, Harvey Organ mantra of "the miners selling off means the metals will be smashed tomorrow". Otherwise, I'll sick StevenBHorse on you to straighten you out...and trust me, you don't want that.


Feb 23, 2017 - 5:09pm

And this is encouraging

The USDJPY has rolled over again and now threatens to break down through 112.60 this evening or overnight.

Boing_Snap
Feb 23, 2017 - 5:12pm

Project Veritas wants citizen journalists

They need help sifting through all the CNN tapes, secretly recorded in 2009. Some interesting stuff from what they found so far.

https://www.zerohedge.com/news/2017-02-23/okeefe-drops-bombshell-underco...


Feb 23, 2017 - 5:19pm

Not sure this means much...

...but let's be sure to keep a close eye on this in the days ahead.

Chiron
Feb 23, 2017 - 5:26pm

Dr. P. Metals

The miners have been smashed as some reported these past two weeks. Check out AUY. Not bad numbers, but it has been smashed lower almost to the Jan lows. So some miners at lows while metals at several month highs? No rational explanation. I think the miners are smashed to keep the interest in the sector lower. Every time the banks have difficulty controlling the metal, they smash the hell out of the miners. They are waiting for a "pop" up in the dollar to pound the metals. Looks like desperation to me, but it has worked for several years now for them.

So the trend looks like: metals higher, capped metal, can't push it down, pound the miners to suppress interest, wait for chance to smash metals, pound metals when buyers exhausted or dollar spikes. But if you are just looking at the miners, you think the smash of the miners precedes the metals being raided. It is a two pronged approach to suppress the interest in the sector. Can't have people exit Facebook, Amazon, Google, and Netflix, now can we?

Another interesting thing to look at will be emerging markets. They have done nothing over the past 4 years when the US indices have been going nothing but up. When the US markets finally "correct", I think there will be a huge rotation into PMs and emerging markets. But what the hell do I know.


Feb 23, 2017 - 5:36pm

Here's that same algo

We showed this earlier today:https://www.tfmetalsreport.com/comment/330932#comment-330932

And here it is again. As soon as 112.60 is broken, an immediate pop of 7¢ to safely back above.

Noteriety
Feb 23, 2017 - 5:41pm

BTC 1180?

When did that just happen?

AIJ
Feb 23, 2017 - 5:46pm

$1180 on the way to 1 million dollars

James Crighton time to come back

R.P. James AIJ
Feb 23, 2017 - 5:59pm

$1180 on the way to 1 million dollars

James is too busy swimming in his silver stack and staring at his bitcoin wallet to reply to you AIJ ;-) But I will gladly answer your question. I do agree with you and James regarding btc going to a million or more. Clif also thinks btc will be used by nations to settle debts and for transactions, for enjoy the current cheap price, even at these all time highs. Eventually all the printing of fiat will cease, or rather after hyperinflation sets in and people realize, they are holding worthless fiat, they will come to the realization that bitcoin is indeed deflationary and a true store of value. So keep stacking your gold/silver/palladium/zinc/iron and your bitcoin wallets, you will keep smiling ;-)

AGXIIK Dr. P. Metals
Feb 23, 2017 - 6:10pm

METALS HEAD FAKE TODAY SMASH FACE TOMORROW

I wouldn't trade this potential if you paid me

BillD
Feb 23, 2017 - 6:12pm

BTC

$1180 .... AND Away we go... look out CDG...here we come... wink

Cliff says that they will be at par in the $1450's... Giddy up CDG... $1450 soon would be great too.

texmex66
Feb 23, 2017 - 6:24pm

FOUND JAMES CRIGHTON

Took awhile. I didnt want to bother him while napping.laugh

66

uc?export=download&id=0B_iYaGTpNCBiVEltM

Miss you JC. BTC $1193 and climbing

canary
Feb 23, 2017 - 6:32pm

RSI

GDX 53.60

GDXJ 58.55

(50 neutral .............70 overbought).

RickshawETF
Feb 23, 2017 - 6:53pm

Re: Cold Chisel

Amazing group -- Must have been hiding in plain sight . . .

Check out "Just How Many Times".

billhilly
Feb 23, 2017 - 7:11pm

Cold Chisel...

Working Class Man

Jimmy Barnes - Working Class Man

Thanks Steve and TF...this will be a podcast to give 2 listens to.

cavalier
Feb 23, 2017 - 7:18pm

LCS report lots of sellers

My LCS said he had lots of sellers today

I will be a buyer tomorrow

I am not smart enough to time the market

Dirt_Reynolds
Feb 23, 2017 - 7:29pm

AIJ

Quote:
James Crighton time to come back .

Fuck yeah!!

SteveW
Feb 23, 2017 - 7:41pm

Explanation

If I recall correctly miners were running ahead of the metals a couple of weeks ago and no-one complained.

bookers126
Feb 23, 2017 - 7:49pm

David Morgan

Just read long article from David Morgan - he has a new book out.

His silver price prediction for 2017 is a dismal $22 per oz. He never seems to discuss price manipulation, almost like he always glosses over that topic.

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