Wolf Richter, Bill Murphy, Chris Waltzek Ph.D. & Robert Ian - Aug. 10th, 2018 - Goldseek.com Radio ©2005-2018. A Spina-Waltzek Production-©2005-2018 http://radio.goldseek.com/ Royalty free music from Google Play. Disclaimer: this show is presented as

Summary: Aug. 10th, 2018(S13-E656)Featured GuestsGerald Celente &Wolf RichterGuest order - alphabeticalPlease Listen Here Show HighlightsWolf Richter, founder of WolfStreet.com holds silver in his investment portfolio and advises investors to buy and hold PMs in anticipation of the next uptrend. The duo make cautionary comments on the harrowing California wildfires; the 3 county raging inferno is now the largest on record, a "National Disaster." While some pundits have blamed lack of water as a key catalyst, local authorities note ample water supplies.Arid conditions, foliage overgrowth and urban sprawl in remote, fire-prone forest regions are the most likely culprit. Strong GDP numbers were released last week; the U.S. economy grew at 4.1%, however our guest notes that the figure is volatile.Some analysts hold to the thesis that 2019 could witness a domestic recession as the flattening yield curve suggests inversion as soon as 2019.Our guest sees sunnier economic prospects citing the robust domestic manufacturing / transportation / service / housing sectors.Firms are accumulating raw goods and inputs ahead of proposed trade tariffs, making the trucking / transportation sectors remain extremely strong.Wolf Richter thinks the strength could buoy national output, lowering the odds for an economic downturn for the time being. Wolf Street includes a city-by-city review of the Case Shiller Housing Index, illustrating that the most frothy areas have significantly eclipsed 2006. Housing Bubble 2.0 could be unfolding due in part to HUD and related agencies underwriting the bulk of mortgages (50%), with required downpayments as low as 3.5% to secure a loan, far under the traditional 20%.Bill Murphy of GATA.org notes precious metals investors will ultimately be rewarded for their patience amid the typically slow "Summer Doldrums." Gold prices tends to perk up as the holidays approach, including Christmas, Hanukkah, Diwali in India and China's New Year festivities. Fed officials' actions speak volumes - following 7 recent rate hikes since 2015 and two more to go in 2018. By pressing the economic brakes, the plan is to stem runaway inflation. The EU economic ministers and many major competitors seek to halt QE operations and begin raising rates, putting the US dollar under pressure. Signs of inflation are already appearing in the commodities sector vis-à-vis WTIC oil and the CRB indexes, both near multi-year record prices. In Caracas Venezuela, a dozen eggs costs nearly $3,000,000 Bolivars amid 1 million percent inflation.Just a year ago, the same dozen eggs required only $3 Bolivars, a petrie dish example of hyperinflation south of the border, but still less than Zimbabwe. In response to threats from Washington regarding tariffs on all $500 billion in China's US imports, officials could use the so called "Nuclear Option." While US policymakers play tough using dollar hegemony to level the field in global trade, tariffs sharply increase prices for the working / middle classes. Key takeaway point - if homeowners knew when the lightning bolt / flood / earthquake or fire would hit, there'd be no need for insurance premiums; in similar fashion, investors are advised to procure portfolio insurance, i.e., gold / silver while still at discounted prices. Please Listen Here Dial-Up Real AudioMP3Mp3 FAST DownloadMp3 High Quality DownloadRight click above & "Save Target As..." to download. To learn more about software needed to play the above formats, please visit the FAQ. Guest BiosWolf Richter WolfStreet.comWolfStreet.com founder, Wolf Richter makes his show debut with cautionary comments on the US domestic economy. In his cynical, tongue-in-cheek manner, he muses on WOLF STREET about economic, business, and financial issues, Wall Street shenanigans, complex entanglements, and other things, debacles, and opportunities that catch his eye in the US, Europe, Japan, and occasionally China. WOLF STREET is the successor to his first platform… …whose ghas