Economic Concepts Archives - Roger Rossmeisl, CPA

19 May 2020

What the Fed?!?! (Round 2)

As posted to Peak Prosperity.com on 5/17/2020 Trailer (Run Time: 1 min, 47 sec) Creator-provided description: "Back in mid-January, Grant Williams, Mike Maloney, Charles Hugh Smith, Chris Martenson and Adam Taggart sat down for an in-depth discussion on the dangerous distortions to financial markets and the global economy that central bank intervention is causing. That video, titled WTF: What The Fed?! was released soon after the US Federal Reserve had added $200 billion dollars to its balance sheet in Q4 2019. At the time, we worried that so much liquidity being added to the system so quickly could recklessly exacerbate the extreme overvaluations in the markets, and further increase the instability of our over-indebted economy. Little could we have guessed that a global pandemic would soon ensue, one that...

13 Apr 2020

The Arriving Great Depression 2.0

Roger Rossmeisl, CPA

Current Events, Economic Concepts

As posted to the Peak Prosperity YouTube Channel on 4/3/2020 (Run Time: 25 min, 0 sec) When Starting Clip at Time Code 19:39 Author's Description of "The Arriving Great Depression 2.0" Segment of Clip "In the past two weeks (as of 4/3/20), 10 million Americans have already filed for unemployment. Moody's is now warning that 30% of all mortages could go into default this year. And the peak of the Coronavirus outbreak in the US still isn't projected to arrive for several more weeks. How bad will the economic fallout from covid-19 be? Truly epic. As in possibly "Great Depression 2.0" magnitude. Yes, the clown show in charge of dealing with this mess will likely just make things worse. But the reasons for the dismal economic outlook go far...

20 Mar 2020

Jim Rickards on Unfolding “Ice-9” Situation

Roger Rossmeisl, CPA

Current Events, Economic Concepts

Jim Rickards on Unfolding "Ice-9"Situation

As posted to Kitco News YouTube Channel on 3/18/20 "We are potentially entering an 'Ice-9' situation where the entire world may 'freeze' over economically, said Jim Rickards, best-selling author of 'The Road to Ruin' and 'Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos.'” “If you shut down the New York stock exchange, and I can’t sell stocks and get cash, I’m going to sell my money market funds or redeem my money market funds. Then you’ve got to shut down the money market funds industry, and then people say ‘ok, I’ll go to the banks or the ATMs,’” he said. “And then you’ve got to shut down the banks so the point is, it spreads from exchange to money markets, to brokerage accounts, to banks, and...

11 Mar 2020

Unpacking the Economy’s Bubble Dynamics

Roger Rossmeisl, CPA

Current Events, Economic Concepts

As posted to the Peak Prosperity YouTube Channel on 3/9/2020 (Run Time: 49 min, 14 sec) Author's Description of Clip "For years, Peak Prosperity has been raising a loud warning of the 'Everything Bubble' that the world's central banks have blown in global asset prices. Over that time, we've debated with hundreds of economic experts on what will be the trigger to "pop" this mania. Well, now we're finding out. The economic damage being wrought worldwide by the Coronavirus is the black swan the system never saw coming. Trade is being strangled, and the necessary productivity needed to support that massive increase in global debt that has been taken on over the past decade is just not there. Bankruptcies are set to ripple across industries like wildfire. Mass layoffs...

17 Nov 2019

The Truth About the Fed’s Rate Cuts

Roger Rossmeisl, CPA

Current Events, Economic Concepts

Mike Maloney, the owner of GoldSilver.com is doing a great service by releasing regular video clips which analyze and comment on the economy in a way you’re just not going to hear on main stream media. Mike’s latest video entitled “The Truth about the Fed’s Rate Cuts” (released November 11, 2019) is actually not about the economy, per se, but about currency abuse, interest rate cuts, and a big fat warning about the coming recession. (Run Time: 3 min, 29 sec) As posted to the GoldSilver YouTube Channel on 11/11/19 (Run Time: 9 min, 23 sec) Download Mike Maloney's best-selling book for free here: https://pages.goldsilver.com/freebook (This is Blog Post #655) Michael Maloney, founder of www.GoldSilver.com is also the author of the world’s best selling book on precious metals investing. Since 2003 he has...

20 Oct 2019

Quantitative Easing Explained . . . Again

Roger Rossmeisl, CPA

Current Events, Economic Concepts

As posted to Malekanoms YouTube Channel on 11/11/10 (Run Time: 6 minutes, 48 seconds) Quantitative Easing Explained . . . Again? Why "Again"? That's because I originally posted this clip as Blog Post #150 way back on 11/17/2010 when it was hot off the presses. Now . . . 9 years later, the powers-that-be have learned nothing. On 10/16/2019, the Wall Street Journal (WSJ) released an article entitled, "The Fed Is Buying Treasurys Again. Just Don’t Call It Quantitative Easing". The article alerts the reader to the fact that, on 10/15/2019, The Federal Reserve began buying short-term Treasury debt Tuesday at an initial pace of $60 billion a month, but officials say these purchases are nothing like the bond-buying stimulus campaigns unleashed by the central bank between 2008...

16 Oct 2019

Chris Martenson on the Economy Triple Header

Roger Rossmeisl, CPA

Current Events, Economic Concepts

As posted to the GoldSilver YouTube Channel on 10/9/19, 10/10/19 and 10/11/19 Chris Martenson on the economy from his home in Massachusetts with Mike Maloney of GoldSilver.com: Part 1 - End of the "Everything" Bubble In this first of a series of three videos, they discuss the general state of the economy since the last time they spoke together, and the importance of being prepared for "something big". (Run Time: 5 min, 09 sec) Part 2 - Silver & Gold as Portfolio Core . . . But What Else? In the second of this three-video series, Mike Maloney and Chris Martenson reveal that there is one asset apart from gold and silver that they are both looking to accumulate. What could it be? At what valuation will they trade gold...

22 Sep 2019

Plummeting RV Sales Forecast 2020 Recession

Roger Rossmeisl, CPA

Current Events, Economic Concepts

Plummeting RV Sales Forecast 2020 Recession

As posted to the Dent Research affiliated website Economy and Markets on 8/26/19 -- Harry Dent | August 26, 2019 RV sales are crashing at a year-over-year rate of 20% below sales for the same period last year. 2017 was the peak thus far and 2018 sales were 4% lower. Hence, this year's crash is making this look like a clear top. This article seeks to demonstrate that plummeting RV sales forecast a 2020 recession. RVs are one of our mid-life-to-retirement sectors for Boomers. Sales used to peak at age 63, but the most recent updates to the Consumer Expenditure Survey shows them peaking a bit earlier, at age 59-60. That still makes it a strong growth industry into 2020-2021 for aging Boomers. Hence, there’s no demographic reason for...

25 Aug 2019

US Dollar is on Life Support

Roger Rossmeisl, CPA

Economic Concepts

As posted to the GoldSilver YouTube Channel on 08/20/19 (Run time 12 min, 37 sec) What is at the core of the latest turmoil in markets? Is it a trade war? Is it a yield curve inversion? Or is it something far more simple . . . like the fact that the US Dollar is on life support? Mike Maloney shares his analysis drawing on various recent articles . . . (07/24/19) Zero Hedge: We Believe the Dollar Could Lose its Status as the World's Reserve Currency (07/20/19) Asia Crypto Today: Iran Announces Gold-Backed National Cryptocurrency (06/25/19) Forex & Currencies Trading: How the Triffin Dilemma Affects Currencies . . . and financial data: Gross Federal Debt as a Percentage of GDP GDP divided by Gross Federal Debt GDP minus the...

What the Fed?!?! (Round 2)

The Arriving Great Depression 2.0

Jim Rickards on Unfolding “Ice-9” Situation

Unpacking the Economy’s Bubble Dynamics

The Truth About the Fed’s Rate Cuts

Quantitative Easing Explained . . . Again

Chris Martenson on the Economy Triple Header

Plummeting RV Sales Forecast 2020 Recession

US Dollar is on Life Support

ROGER ROSSMEISL, CPA

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