The Dominos Have Started To Fall - 11.24.14

The Wake Up Call show

Summary: The entire world is falling apart economically. Yet two central banks think they can arrest this trend with their money-printing gambits. It didn’t, doesn’t and won’t work: Europe’s real GDP is no higher than it was in the third quarter of 2006. This obsession with the printing press needs to stop. The longer it goes on, the worse will be the consequences and they will already be unthinkable. The meaning behind currency devaluations. A primer on what happens in a devaluation with Japan used as an example. The subprime auto market and why it will end terribly badly. The economic consequences of marriage and divorce. A close look at the PPI (Producer Price Index). The insulting way the U.S. treats Chinese would-be visitors to the U.S. and the rampant discrimination against them. Martin Fridson on bonds. The true madness of Japan’s Abe.