Friday, August 9, 2019

WARNING: The Most Important EPJ Daily Alert I Have Put Out Since the Summer of 2008


I see Austrian-lites are at it again, warning of an imminent economic crash. 

We are nowhere close. Indeed, I just put out my most important warning since 2008, when I wrote back then warning about the crash that was about to hit:
SUPER ALERT: Dramatic Slowdown In Money Supply Growth
After growing at near double digit rates for months, money growth has slowed dramatically. Annualized money growth over the last 3 months is only 5.2%. Over the last two months, there has been zero growth in the M2NSA money measure.
This is something that must be watched carefully. If such a dramatic slowdown continues, a severe recession is inevitable.
We have never seen such a dramatic change in money supply growth from a double digit climb to 5% growth. Does Bernanke have any clue as to what the hell he is doing?

Now, things are the mirror opposite. I explain what this means and what to do about it in today's EPJ Daily Alert.

You can subscribe here.

7 comments:

  1. Do you consider Ron Paul, Lee Rockwell, and everyone at the Mises Institute Austrian Lite? TMS is at very low levels and Ron and Lew already think we are in recession.. BTW, recession does not mean the Dow Jones falling 20%

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    1. Yes they are. They were screaming that a collapse was immanent... in 2010. They don't apply ABCT to the fact that the Fed can and has prolonged the inevitable.

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    2. I don't you have read them. Zerohedge may have said that, but not the ones close to the Mises Institute

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    3. Ron Paul absolutely did. Numerous guys at Mises.org did like Doug French. It's common knowledge other Austrians like Schiff did too.

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  2. What are the chances of stagflation happening? Can you comment about that, and also what about bonds and the yield curve inversion? No cause for concern?

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    1. This type of material is covered in the Daily Alert. It's definitely worth subscribing.

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    2. Caleb with stealth inflation occurring in both durable goods and services that few want to to talk about (Charles Hugh Smith the exception) the recession has been underway and building up slow speed and bulk dry goods shipping industry and real estate already sounded the alarm.

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