JOIN PETER at the New Orleans Investment Conferencehttps://neworleansconference.com/conference-schedule/A Very Volatile and Technically Weak Trading Day for the DowHere I am for the third day in a row doing a podcast. It's market volatility that has brought me to the mic yet again. The Dow Jones down 525 points; a very volatile and technically ...…
There are always cycles. The current cycle started at the bottom of the Great Recession and will last “until central banks put on the brakes,” said Ray Dalio, founder of Bridgewater Associates, in an interview with Bloomberg. “We’re in a perfect situation, inflation is not a problem, growth is good, but we have to keep in mind the part of the cycle we’re in.”

In addition, during World War II, the Empire of Japan considered wildfires as a possible weapon. During the spring of 1942, Japanese submarines surfaced near the coast of Santa Barbara, California, and fired shells that exploded on an oil field, very close to the Los Padres National Forest. U.S. planners hoped that if Americans knew how wildfires would harm the war effort, they would work with the Forest Service to eliminate the threat.[7][16] The Japanese military renewed their wildfire strategy late in the war: from November 1944 to April 1945, launching some 9,000 fire balloons into the jet stream, with an estimated 11% reaching the U.S.[23] In the end the balloon bombs caused a total of six fatalities: five school children and their teacher, Elsie Mitchell, who were killed by one of the bombs near Bly, Oregon, on May 5, 1945.[24] A memorial was erected at what today is called the Mitchell Recreation Area.
Berkshire Hathaway Inc. (BRK.B - Free Report) , through its subsidiaries, engages in insurance, freight rail transportation, and utility businesses. The company has a Zacks Rank #2. In the last 60 days, three earnings estimates moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings increased 12.5% in the same period. The company’s expected earnings growth rate for the current quarter and year is 76.4% and 68.9%, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here.
RATE AND REVIEW this podcast on Facebook.https://www.facebook.com/PeterSchiff/reviews/A Big Constituency of Highly Indebted PeopleThe fact that you have created this big constituency of highly indebted young people - they're like indentured servants. The government now loans them the money and now they are in debt to the government for the rest ...…
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, municipal advisors gained an increasingly important role in overseeing financial and legal circumstances surrounding the issuance of bonds.[14] The municipal advisor serves as a fiduciary for the municipal issue, taking care of all of the assets and finances involved in the issuance process. Legally, the advisor is obligated to represent the interests of the issuer and serve as a source of financial advice. This entails offering advice on structuring, selling, and promoting bonds, as well as serving as the central liaison between other members of the financial team, especially the underwriters and credit rating agency. Although municipal financial advisory services have existed for many years, municipal advisors have played a key role in the bond issuance process since the Securities and Exchange Commission enacted the Municipal Advisor rule in 2014, which prohibits certain communications between issuers and broker-dealers unless one of four exceptions is met, one being that the issuer has retained an Independent Registered Municipal Advisor ("IRMA").[12]
Before it collapsed, the city of Rome had a population greater than 1,000,000 people. That was an extraordinary accomplishment in the ancient world, made possible by many innovative technologies and the organization of the greatest civilization that the world had ever seen. Such an incredible urban population depended on capital accumulated over centuries. But the Roman Empire squandered this capital, until it was no longer sufficient to sustain the city (we are aware the story is more complicated than this).
This article considers the juxtaposition of colliding worldviews and the unified message that voters across the political spectrum are sending. While many investors are aware of the political change afoot, it seems that very few have considered how said changes might affect the economy and financial markets. In this article, we share some of our thoughts and encourage you to give the topic more consideration going forward. Read More

RATE AND REVIEW this podcast on Facebookhttps://www.facebook.com/PeterSchiff/reviews/Fed Responsible for Most Recent Move UpI think what's really responsible for this most recent move up is the Fed comments. Now maybe Trump can take credit for those, maybe President Trump was able to get Jerome Powell's mind right after all, when it comes to ra ...…


For the past few weeks, I’ve been intensely focused on what I believe to be a double cross in COMEX gold futures by JPMorgan of other trading entities, particularly other commercial participants. I would define the double cross as JPMorgan positioning itself so flawlessly so as to be nearly perfect in its execution, including the avoidance of any widespread knowledge of what has occurred. After all, a double cross always includes the element of surprise and this one promises to be a doozy. Read More
Michael Wilson, the chief U.S. equity strategist at Morgan Stanley (MS - Free Report) , added that “over the past two months, the U.S. equity market has moved decidedly more defensive and value is showing more persistent performance versus growth.” This move toward defensive sectors and value strategies indicated that the market is concerned about growth fading later this year and next.
George is well versed in several areas, so I’m sure we will get into many intense discussions on topics ranging from technology to finance to economics. Yet, George is only one of the speakers that attendees will get to hear and meet. I really hope you can be there to experience it in person, with me. If you’re ready to learn more about the SIC 2018, and the other speakers who will be there, you can do so, here.
Inflation is directly responsible for the price increase of everything. That doesn’t mean that all commodities or financial instruments go up in unison, they don’t. But soybeans or silver are not inherently more valuable today than they were a hundred years ago. What has changed is the value of the dollar, not the commodity. Markets search constantly for the correct price. That is why prices go up and prices go down. The market never quite knows what is the right price for anything so it searches until buyers and sellers are satisfied with price and make a transaction. Read More

It seems a lot of the otherwise sellers hold off selling and banks being very slow releasing REOs. They seem to think market will improve in San Diego in the next few months or later. Many of the ones on the market are so over priced they don’t go anywhere and price reductions are slow to come. There is definitely a stalemate between sellers and buyers in San Diego market.


Jan 15, 2018 KEY to the current TOPPING. Two attempts to break through resistance, finally breaking through on the 3rd attempt. In the long, Map of the Market by Magnitude above, notice the aqua circle at the top right, shows the short distance between the current Dow price, and the min upside required to breach the upper parallel, just as in 1929, before a CRASH can occur. Most likely first a false breakdown, as we had in BREXIT, should allow us to sell shorts and re-position at a more advantageous level before the upper parallel is breached. We are at that juncture NOW.
"We expect both a deterioration in earnings quality and a peak in organic growth in 2018," Mike Wilson, Morgan Stanley's chief US equity strategist, wrote in a client note. "The bear market in valuations has already begun and supports our overall view that the next cyclical bear market in US equities may have already begun, but is being masked by an index price level that has fallen only 12% thanks to the adrenaline shot to EPS from tax."
In May, President Trump signed the rewrite of the 2010 Dodd-Frank law passed earlier by Congress with rare bipartisan support. The bill is the biggest rollback of bank rules since the financial crisis. According to the new law, lenders with less than $10 billion in assets will be exempted from the Volcker rule that bans proprietary trading. Read More
Publisher’s Note: If you’re not averaging double-digit percentage gains on your investments, it’s worth your time to check out Nicholas Vardy’s portfolio strategy. You can learn about his two most recent recommendations — both up over 50% in just the last few months — along with his favorite “wealth-compounding machine” — here in his updated research report. Click here to keep reading.
There’s simply no single answer to the question: What causes a bear market? It might be monetary conditions, yield curve shifts, surpluses, a sector implosion, excess demand reverting or bad legislation impacting property rights. But it likely won’t be what it was last time. Two bear markets in a row rarely start with the same causes because most investors are always fighting the last war and are prepared for what took them down last time.
Wild rumors spread of bear raids, of fabulous profits made by short-sellers, and of political conspiracies hatched by foreigners interested in bringing down the market, the dollar and the U.S. economy. In early 1932, the Philadelphia Public Ledger maintained that “European capitalists had supplied much of the cash needed to engineer the greatest bear raid in history. These proverbially open-handed and trusting gentleman had accepted the leadership of New York’s adroit Democratic financier, Bernard Baruch.” Baruch, the best known short-seller in the country, shrugged off the charge.
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In this article I point to the pressures on the Fed to moderate monetary policy, but that will only affect the timing of the next cyclical credit crisis. That is going to happen anyway, triggered by the Fed or even a foreign central bank. In the very short term, a tendency to moderate monetary policy might allow the gold price to recover from its recent battering.
Shall I give you the time frames and % of price cuts done by various lenders in this area to dump the REO’s? They are so ver ver predictable …… 4-6 weeks to first cut of 9.87 -11.11%, another 4 -6 weeks and another cut of antoher 7/5 -10%,….another 6 weeks and now they are 23 -30% of the original list……. ANd they always end up taking offers that are 7 -15% off the list price du jour….

4. While 5% real annual return doesn’t seem like much, it is a highly stable and secure return. How would stocks fair in that same time frame? Taking into account a 2% annual inflation rate, you would need a 7% nominal annual return on stocks to keep up with a 5% real return on a house. What if inflation goes to 4% or higher? Can you imagine a sustained nominal return on stocks of 9% or higher (to achieve a 5% real return on stocks)??
The entire defense sector reports this week. At least the big guys do. Margin compression and the potential for lost contracts weigh heavy on these stocks right now. This is one area where I will be slow to withdraw amid weakness. Domestic and allied monies intended for this space will not draw down in a Cold War environment. Lockheed Martin (LMT) reports this morning. The numbers should be good. However, the firm has a number of deals in place with Saudi Arabia. My plan is to wait for the call before doing anything stupid. Boeing (BA) , General Dynamics (GD) , and Northrop Grumman (NOC) all report tomorrow morning, while Raytheon (RTN) will go to the tape on Thursday morning.
A spook who somehow got onto the Trump transition team… how did that happen at all? I think he was spying FOR THE RUSSIANS (and maybe the DNC) to help get old easily manipulated Hillary “Re-set Button” Clinton elected! The entire premise of the Muh Russian conspiracy makes absolutely no sense. Why on earth would the Russians want POTUS Trump in the White House???
Last Monday, Morgan Stanley made quite a splash with its contrarian call, when in the aftermath of a handful of poor tech results, most notably from Facebook which lost as much as $150BN in market cap due to slowing user growth, the bank's chief equity strategist Michael Wilson boldly predicted that "the selling has just begun and this correction will be biggest since the one we experienced in February."

"Bring on the Trade War!"Today is Jobs Friday, but before I get to the jobs report, I want to talk a little bit about the escalation of the trade war, In fact, some stories I'm reading are that the trade war began today, or last night. A lot of the tariffs are finally being imposed. The market reacted positively; the Dow was up 100 points today ...…
Dow Ending a Down Week on a Positive NoteThe Dow managed to finish a down week on a positive note; the Dow Jones was up about 55 points - 24,270-ish is where we closed. Although intra-day, we were up better than 250 points, so most fo the losses came toward the end of the day, as the Dow was not able to hold on to all those gains. It held on to ...…
Microsoft Corporation (MSFT - Free Report) develops, licenses, and supports software, services, devices, and solutions worldwide. The company has a Zacks Rank #1. In the last 60 days, 15 earnings estimates moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings increased 7.3% in the same period. The company’s expected earnings growth rate for the current quarter and year is 14.3% and 9.5%, respectively.
Some may argue that a healthy labor market in the past couple of years in contrast to the dark days of the Great Recession will certainly help the broader market gain traction. After all, the unemployment rate remains below the 4% mark for the past several months, weekly jobless claims touch a 49-year low and wage growth hits the fastest pace since 2009.

In the wake of declining stock prices, the bursting of the real estate bubble, and a weakening dollar, the American economy is poised for a prolonged contraction and U.S. stocks will suffer a protracted bear market, so says seasoned Wall Street prognosticator Peter Schiff. Having accurately predicted the current market turmoil in his recent bestseller Crash Proof: How to Profit from the Coming Economic Collapse, the CNBC-dubbed "Doctor Doom" has helped savvy investors protect their portfolios in some very turbulent markets—and now, he'll show you how to do the same.

The gold price already bottomed, says InvestingHaven’s research team. The upside potential in gold’s price near term is 7 percent while gold’s price may rise 12 pct into 2019. Best case, though, if gold would get a bid with global markets continuing their sell-off we may see 25% upside. That’s when silver miners will do exceptionally well, similar to their epic rally in 2016.
Warren Buffett’s favorite indicator is telling us that stocks are more overvalued right now than they have ever been before in American history.  That doesn’t mean that a stock market crash is imminent.  In fact, this indicator has been in the “danger zone” for quite some time.  But what it does tell us is that stock valuations are more bloated than we have ever seen and that a stock market crash would make perfect sense.  So precisely what is the “Buffett Indicator”?  Well, it is actually very simple to calculate.  You just take the total market value of all stocks and divide it by the gross domestic product. Read More
Tensions are incredibly high in the United States right now. I realized that over the past three years, I’ve written that they’re “at an all-time high” far too many times. So, I’ll just say, they’re high enough that all hell could break loose at any moment given the right (wrong) application of fuel to the flame. The number one thing you can do for this situation to keep your family safe is to be prepared for lockdown.
Even Jack Bogle himself, founder of Vanguard and one of the earliest proponents of buy-and-hold index investing, sidestepped much of the Dotcom bubble in his personal portfolio and has spoken about this before. He noticed, correctly, that the S&P was utterly, ridiculously, overvalued, while bonds were reasonably-priced. So, he actively reduced his equity exposure substantially, especially because at his advanced age he wanted to avoid a major stock market crash.
Beyond all this, there is the impulsiveness of our beloved President Trump who actually does what he says he would do in his campaign. Until the end of January 2018, Wall Street thought he could be controlled and would only do the things they approved of. But Trump has his own agenda. So, now Wall Street has no choice but to worry about a trade war that could easily escalate. Why do you think so many of Trump’s advisors have recently left or been fired? They wanted him to be more cautious. But Trump wanted to keep the faith with his base and put tariffs up on steel, etc. to protect American manufacturing. Never mind, the consequences of Smoot-Hawley in 1930 when Europe was already suffering. N ever mind, the fact that so very much of what we buy in the US now comes from China. We cannot possibly start to make all the things we now import. Never mind, how much consumer prices will rise. And never mind the fact that successful sales of US Treasuries to finance our national debt depends on China. Trump’s economic nationalism is a very abrupt change from the last 30+ years of internationalism. Wall Street has grown rich and fat on such internationalism. Stock prices, especially for the big multi-nationals in the DJIA and the NASDAQ can only make adjustments to Trump’s tariffs by declining. Even if Trump backs away from his tariffs’ plan, Wall Street cannot feel quite safe. Trump has shown he wants to get votes in the “Rust-belt” at Wall Street’s expense. Horrors!
The nominal returns, before accounting for inflation, were actually pretty decent for bonds during these real bears. Over their 45 and 50-year real bear markets, 5-year treasuries and long-term bonds returned 4.6% and 4.7% respectively on an annual basis. Bond investors would kill for those types of returns at the moment if it didn’t come with that pesky inflation.
It took sixteen months to build the exceptionally steep Trump Rally, and just one week to eliminate a quarter of it. While I wouldn’t call that jolting reversal a stock-market crash in the ordinary sense, the largest one-day point fall in the history of the market (by far) certainly marks a massive change in market conditions. From this point forward, it won’t be the same market it was.

Most of us are aware of the inflationary pressures in the major economies, that so far are proving somewhat latent in the non-financial sector. But some central banks are on the alert as well, notably the Federal Reserve Board, which has taken the lead in trying to normalise interest rates. Others, such as the European Central Bank, the Bank of Japan and the Bank of England are yet to be convinced that price inflation is a potential problem.


We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these United Colonies are, and of Right ought to be Free and Independent States; that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. Read More
The need to minimize the cost of distance has caused businesses and individuals to cluster around urban areas. This trend began during the Industrial Revolution 250 years ago, when millions of people moved to cities to work in factories. As Karen notes “Cities are dense urban hubs that minimize the cost of moving raw materials, labor and finished goods.”
Jeffrey thinks that we are headed into a much tougher environment because “the Central Bank balance sheets will stop growing at the beginning of 2018, [and] the liquidity that’s helped drive the market is going to reverse. That is not favorable for risk markets.” As such, Jeffrey and his team at DoubleLine have been de-risking their portfolios and have cautioned investors to do the same.
The timing of any credit crisis is set by the rate at which the credit cycle progresses. People don’t think in terms of the credit cycle, wrongly believing it is a business cycle. The distinction is important, because a business cycle by its name suggests it emanates from business. In other words, the cycle of growth and recessions is due to instability in the private sector and this is generally believed by state planners and central bankers.
This system, defined as the Liberal International Order, is the framework of rules, alliances, and institutions that is credited with the relative peace and prosperity the world has enjoyed since 1945. So, if the order has lost support, will the world plunge into beggar-thy-neighbor protectionism? Worse, without the threat of military intervention by the US and its allies, will regional powers start to challenge one another?

6) Dangerous Monetary Policy. Ding, ding, ding. We have a winner, ladies and gentlemen. The current trajectory of monetary policy depicts either a complete lack of understanding at the FOMC of the current environment, or the overt intent to purposefully slow economic growth. I am honestly perplexed by the inability to learn, reason and adapt at this level.


Then with a different data set, Odean [1999] finds that “the securities individual investors buy subsequently underperform those they sell. When he controls for liquidity demands, tax-loss selling, rebalancing, and changes in risk aversion, investors’ timing of trades is even worse. This result suggests that not only are investors too willing to act on too little information, but they are too willing to act when they are wrong.
I have preached, in fact I have over-preached, on staying agile in tough markets. Remember, when the beat-down comes your way, I want you all to cover the P/L on your screen with a post-it. This one little trick is something I do myself. By doing this, the trader allows him or herself to make tough, reasoned decisions without the constant distraction that one's profit/loss number can be.

Usage Note: Thanks to the vagaries of English spelling, bear has two past participles: born and borne. Traditionally, born is used only in passive constructions referring to birth: I was born in Chicago. For all other uses, including active constructions referring to birth, borne is the standard form: She has borne both her children at home. I have borne his insolence with the patience of a saint.
Rebalancing back to 50-50 2x and cash daily will have provide the closest tracking, but the costs will kill. You can rebalance much less frequently, perhaps at 40% bands (when the weights have declined below 30%/risen above 70% for instance) and achieve similar general reward as the 1x with much less rebalance frequency (once every year or two perhaps), but likely with some tracking error – that has 50-50 probability of being better or worse.
What we can expect is that without renewed buying pressure to continue the trend upward — unlikely given the risk numbers and new downward trend — that the market has quite a large potential drop that it can sustain in coming months or quarters. The bottom of the range is around 1200 on the S&P 500 — over a 30% drop from here. Due to all of the intervention of central banks and governments recently and likely coming, I don't expect the S&P 500 will fall any further than about 1200 and might not quite make it all the way there at all, as there is a lot of money on the sidelines. Investors need to be aware of that risk, though.
This study tends to support the general notion that now is the time for investors to be asking questions about the viability of the long term trend.  It also supports the analysis that the bull market started in the 2011 time frame. It shows us consistently that it is the trend from 2011 that traders need to keep a watchful eye upon as well as the 50 week EMA.  From a trading point of view, it's quite helpful to have some clear criteria for recognizing the end of a trend.  In that light, while there is likely to be a rally in the primary indices, when that comes it is likely that some key sectors will not participate or will participate marginally.  The same underperforming sectors are likely to break down first, giving advanced warning that the general market will be soon to follow.
The bear market of the 1970s, like the current bear market, was preceded by a long period of economic expansion. From the economy’s trough in 1961:Q1 to the peak in 1969:Q4, productivity growth averaged a strong 3.4% per year and inflation remained low—in the 2% to 3% range. As Figure 1 shows, the stock market anticipated this expansion, coming off a low in 1960:Q4 and reaching a peak in 1968:Q4. Over that period, the inflation-adjusted value of the S&P 500 increased by 7.8% per year; however, households’ inflation-adjusted net worth (total assets minus total liabilities) lagged behind somewhat, growing at an average annual rate of 6.1%.
Hindsight is the most exact of all sciences. Most people who live their life backwards have a miserable life. Having been around for a while, I tend not to look back, especially not at negative events. Much better to embrace uncertainty since everything going forward from here is uncertain. We can’t do anything about the past but we certainly have more control over our future. And looking at the next few years, it does seem that these are going to be extremely turbulent both economically, socially and politically.
       We hope to buy a 2,000 sq., Ft., or larger single story, move in ready, single family residence with Good Bones and plenty of yard ( acres ) with privacy, (no Tracts or busy streets) and must be quiet area. We want to live modestly and without the cost and hassles of Mella Roos, HOAs or the many City ordinances. A ranch or farm land preferred. We hope to move once and to stay for at least 10 to 15 years before we retire, then move out of the area for good.
The point being that there were several large and scary corrections during that S&P 500 and Nasdaq rally: in 1997, the Thai baht and Malaysian ringgit devaluation that led to rolling devaluations throughout southeast Asia disrupted the S&P 500 in the 2nd half of 1997. Then we saw the 1998 Long Term Capital Crisis, which resulted in Greenspan cutting short-term rates in the middle of a white-hot economy, and that's just two nasty pullbacks in that record bull market.

RATE AND REVIEW this podcast on Facebook.https://www.facebook.com/PeterSchiff/reviews/A Big Constituency of Highly Indebted PeopleThe fact that you have created this big constituency of highly indebted young people - they're like indentured servants. The government now loans them the money and now they are in debt to the government for the rest ...…
RATE AND REVIEW this podcast wherever you listen.https://itunes.apple.com/us/podcast/the-peter-schiff-show-podcast/id404963432?mt=2&ls=1Turkey's Current Account DeficitThe "Turkey baste" continued on Monday, although Tuesday we did have a bit of a reversal, Tuesday bounce in the lira, rising about 7 percent or so, in today's trading. But still, ...…
Hoover, on the other hand, apparently became convinced that bear raids on the stock market were intended to damage his presidency. In April 1932, a French stock market rag was raided by Paris police, its female editor accused of being in the pay of Russian and German interests who were trying to induce a panic on the New York market. In desperation, Hoover ordered the Senate to open an investigation into the affairs of Wall Street.
Bear markets typically begin when investor confidence begins to wane following a period of more favorable stock prices. As investors grow increasingly pessimistic about the state of the market, they tend to sell off their investments in order to avoid losing money from the falling stock prices they anticipate. This behavior can cause widespread panic, and when it does, stock prices can plummet. When this happens, trading activity tends to decrease, as do dividend yields. At some point during a bear market, investors will typically try to capitalize on low stock prices by reinvesting in the market. As trading activity increases and investor confidence begins to grow, a bear market can eventually transition to a bull market.
The nearly decade-long U.S. economic expansion may look a little long in the tooth, but it is not about to end due to old age. Economic expansions need a catalyst that triggers a downward spiral of consumer and business retrenchment. The most common recession catalyst for the United States has been the collision of rising interest rates with heavy debt loads, corporate valuations that appear to have run ahead of free-cash-flow generation, or both. Add trade tensions and geo-political uncertainties, which may work to slow global growth, and it seems like the current situation has the potential to trigger a recession. Read More
In a world based on fake paper and fake electronic money as well as fake asset values, the real significance of gold has got lost. With endless credit expansion and money printing, all asset prices have exploded and investors have made fake profits that seem real. But the imminent secular downturn of debt and asset markets as well as the world economy will reveal how unreal these profits were as 90% or more of all the paper wealth in the world will go up in smoke. So investors should now prepare for the biggest wealth destruction in history and also the biggest wealth transfer. Read More
The Kavanaugh hearing underscored another eerie condition in contemporaryUSA life that offers clues about the combined social, economic, and political collapse that I call the long emergency: the destruction of all remaining categorical boundaries for understanding behavior: truth and untruth, innocent and guilty, childhood and adulthood, public and private. The absence of real monsters to slay, has become the party devoted to sowing chaos, mainly by inventing new, imaginary monsters using the machinery of politics, the way the Catholic Church manufactured monsters of heresy during the Spanish Inquisition in its attempt to regulate “belief.” Read More
The drastically slowing economy is threatening both corporate earnings growth and the bull market. If GDP grows at an anemic 2% average annual rate through 2019 and a 1.8% rate longer term, as forecasted by the Federal Reserve (per the Wall Street Journal), stock prices are likely to lose steam and tumble. Five famed investors see a bear market around the corner, and recently gave their views on how the downturn will begin and how low it might go, as reported by Money.com, a division of Time Inc. The five include Tom Forester, Jim Rogers, Marc Faber, Bill Gross and Rob Arnott.

Having read Crash Proof and many other "Dollar is Doomed" books ..this give a great current synopsis on the happening events ... it is weird to read/hear Mr Schiff and is bolf predictions somehow come true. Even though flight to quality in the 'dollar' has hurt many of Mr. Schiffs investments ('currently') .. his insight on the future for our American way of life makes the book a must read.


A special counsel needs to be appointed but because Sessions recused himself, Rosenstein would have to do it. However, Rosenstein is a witness and actor in this scandal, and certainly wouldn’t want to appoint a special prosecutor who could find criminality on his part. He has a clear conflict of interest and should be recused. Why the GOP doesn’t point this out is beyond me.
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