Podcasts about monetary metals

Florida has long been the housing canary in the national real estate coalmine. The situation in the Sunshine State is anything but sunny with prices even outright declining in six key areas. That's just where the downturn is most pronounced right now. The excuses for an increasingly ugly housing market have worn out as the real story is finally being revealed. Eurodollar University's Money & Macro AnalysisIf you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/Kenny's Channelhttps://www.youtube.com/@KenMcElroyVideo w/Jeffhttps://www.youtube.com/watch?v=hDQunoS96X4FRB Vice Chair Michelle Bowman Unintended Policy Shifts and Unexpected Consequenceshttps://www.federalreserve.gov/newsevents/speech/bowman20250623a.htmNAR Existing-Home Sales Report Shows 0.8% Increase in Mayhttps://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-0-8-increase-in-mayNewsweek Most Florida Housing Markets Are in Troublehttps://www.newsweek.com/most-florida-housing-markets-trouble-2086554Bloomberg US Spring Homebuying Season Has Its Weakest Start in Five Yearshttps://www.bloomberg.com/news/articles/2025-05-14/us-spring-homebuying-season-has-its-weakest-start-in-five-yearsBloomberg US Home Resales Stay Sluggish on Affordability Constraintshttps://www.bloomberg.com/news/articles/2025-06-23/us-home-resales-stay-sluggish-on-affordability-constraintsNAR May 2024https://www.nar.realtor/newsroom/nar-chief-economist-lawrence-yun-predicts-falling-long-term-interest-rates-rising-existing-homehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

EM Burlingame has been there done that: author, thwarted bloodlines heir, historian, Special Forces veteran, computational science engineer, tech entrepreneur, venture capitalist… He chats to James about his extraordinary background and life experiences, then elaborates on his fascinating and persuasive theory about who runs the world and how. Their business model is the Financial Kill Chain. So long as it exists we will always be poor and oppressed. You'll find him on Twitter as @emburlingame His Substack is https://emburlingame.substack.com Monetary Metals is providing a true alternative to saving and earning in dollars by making it possible to save AND EARN in gold and silver. Monetary Metals has been paying interest on gold and silver for over 8 years. Right now, accredited investors can earn 12% annual interest on silver, paid in silver in their latest silver bond offering. For example, if you have 1,000 ounces of silver in the deal, you receive 120 ounces of silver interest paid to your account in the first year. Go to the link in the description or head to https://monetary-metals.com/delingpole/ to learn more about how to participate and start earning a return on honest money again with Monetary Metals. ↓ ↓ How environmentalists are killing the planet, destroying the economy and stealing your children's future. In Watermelons, an updated edition of his ground-breaking 2011 book, James tells the shocking true story of how a handful of political activists, green campaigners, voodoo scientists and psychopathic billionaires teamed up to invent a fake crisis called ‘global warming'. This updated edition includes two new chapters which, like a geo-engineered flood, pour cold water on some of the original's sunny optimism and provide new insights into the diabolical nature of the climate alarmists' sinister master plan. Purchase Watermelons by James Delingpole here: https://jamesdelingpole.co.uk/Shop/ ↓ ↓ ↓ Buy James a Coffee at: https://www.buymeacoffee.com/jamesdelingpole The official website of James Delingpole: https://jamesdelingpole.co.uk xxx

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/It's back. No one wanted it, but it's here. Switzerland is first to revisit this dreaded milestone. Others aren't far behind, including now Sweden. The Swedes are facing exactly the sort of rough circumstances that made the Swiss National Bank take this drastic step. And if you think the Fed's dots have separate the FOMC from all this, look no further than one year ago. Eurodollar University's Money & Macro AnalysisSNB Press Release Policy Decisionhttps://www.snb.ch/en/publications/communication/press-releases-restricted/pre_20250619_2CNBC International SNB Martin Schlegelhttps://www.youtube.com/watch?v=vY2-lrxsJfMRiksbank Press Release Policy Decisionhttps://www.riksbank.se/en-gb/press-and-published/notices-and-press-releases/press-releases/2025/policy-rate-is-cut-to-2-per-cent/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Kristian Fors is a research fellow with the Independent Institute. He joins Bob to discuss his new policy report, which explains why so many insurers are pulling out of the California homeowners market, and how to fix it.Mentioned in the Episode and Other Links of Interest:The YouTube version of this interview.Kristian Fors' policy report on the CA homeowners insurance crisis. Independent Institute's Golden Fleece awards.The link for Monetary-Metals.com.Help support the Bob Murphy Show.

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/Nine months later, China's bazooka has totally flopped. We have all the proof necessary. But the "stimulus" failure is not even the biggest takeaway. The full story behind it starts with banks, detours into massive volatility in Hong Kong, before ending up with zombies. Seriously. Eurodollar University's Money & Macro AnalysisBloomberg Beijing's Borrowing Drove Credit Growth Despite Weak Loan Demandhttps://www.bloomberg.com/news/articles/2025-06-13/china-credit-expansion-new-loans-rose-less-than-expected-in-mayBloomberg China Forced to Keep Unprofitable Firms Alive to Save Jobs and Avoid Unresthttps://www.bloomberg.com/news/features/2025-06-12/xi-keeps-china-s-unprofitable-businesses-alive-to-save-jobs-and-avoid-unrestHK HIBORhttps://www.hkab.org.hk/en/rates/hiborhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/Negative downgrades to the world. Negative rates among major bonds already. Negative prices for consumers - here in the United States. The deflationary signals keep picking up. More to the point, all of this adds up to what markets like swaps have been saying for years. And that's the bad news. Eurodollar University's Money & Macro AnalysisWorld Bank https://www.worldbank.org/en/publication/global-economic-prospectshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

David Morgan & Keith Weiner: Gold Bull Market's Just Getting Started... The gold price is still near it's all-time high. But is all of this just been a temporary spike? Or are we just getting started in a bigger bull market? David Morgan asks Keith Weiner what he thinks, and why... - To find out more about the gold and silver services that Keith offers through his business Monetary Metals go to: https://www.monetary-metals.com/earn-interest-on-gold-2/ To get access to David's research at “The Morgan Report” go to: https://www.themorganreport.com/membersportal/aff/go/ArcadiaEconomics - Get access to Arcadia's Daily Gold and Silver updates here: https://goldandsilverdaily.substack.com/ - To get your very own 'Silver Chopper Ben' statue go to: https://arcadiaeconomics.com/chopper-ben-landing-page/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your copy of 'The Big Silver Short' (paperback or audio) go to: https://arcadiaeconomics.com/thebigsilvershort/ - Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 - #silver #silverprice #gold And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/RBI went full-blown shock and awe. Yet another major global central bank previously fixated on "inflation" abruptly and aggressively joining the race to the bottom. For India, it wasn't  heavy rate cuts this time. Indian Officials said they want to shore up confidence; OK, so how bad is confidence if they fell "shock and awe" is necessary to shore it up?Eurodollar University's Money & Macro AnalysisBBC India central bank delivers sharp rate cut as growth and inflation fallhttps://www.bbc.com/news/articles/c62vdq6g945oTimes of Indiahttps://timesofindia.indiatimes.com/business/india-business/bank-loans-to-nbfcs-slows-sharply/articleshow/121557368.cmshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/For a week when the labor market and its data are in the bright, blaring spotlight, it did NOT get off to a good start. Not only ADP, also ISM. Both together showed the economy continued losing momentum and vitality in May - even with tariff delays and a stock market rebound. Both ended p with some of the worst numbers for each in years. Eurodollar University's Money & Macro AnalysisADP May 2025https://adpemploymentreport.com/Bloomberg US Hiring Cools to Slowest Pace in Two Years, ADP Data Showhttps://www.bloomberg.com/news/articles/2025-06-04/us-hiring-falls-to-slowest-pace-in-two-years-adp-data-showBloomberg US Services Activity Contracts for First Time in Nearly a Yearhttps://www.bloomberg.com/news/articles/2025-06-04/us-services-activity-contracts-for-first-time-in-nearly-a-yearCNBC Trump says ‘Too Late' Powell must lower interest rates after weak ADP jobs reporthttps://www.cnbc.com/2025/06/04/trump-powell-adp-jobs.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/Several more countries around the world are reporting contractions in GDP even before getting to trade wars and any tariff impacts. The latest cluster around Scandinavia and have European banks overall behaving in very curious ways. So much so, the typically hands-off ECB is writing letters to them and threatening on-site visits to get some answers before the economy really takes its turn. Eurodollar University's Money & Macro AnalysisBloomberg Sweden's Surprise Economic Contraction Boosts Rate Cut Oddshttps://www.bloomberg.com/news/articles/2025-05-30/swedish-economy-unexpectedly-shrinks-weighed-down-by-investmentBloomberg ECB Steps Up Scrutiny of Banks' Exposure to Private Marketshttps://www.bloomberg.com/news/articles/2025-05-30/ecb-intensifies-scrutiny-of-banks-exposure-to-private-marketshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Johnny McNeill is a former British Army Sgt Major who served tours in Iraq and Bosnia - but then woke up to the true nature of the world. He chats to James about how we are all victims of a psychological warfare experiment, perpetrated against us by the ‘joint corporate-political cartel', designed to agitate and divide entire populations, to engineer another war, and to bring about totalitarian one world government. He is the host of the Gaslighting Gilligan blog named after the autobiographical book in which he describes his journey, including his experience as an ‘invisible' male survivor of domestic abuse. https://gaslightinggilligan.com His book is downloadable as a free PDF ↓ Monetary Metals is providing a true alternative to saving and earning in dollars by making it possible to save AND EARN in gold and silver. Monetary Metals has been paying interest on gold and silver for over 8 years. Right now, accredited investors can earn 12% annual interest on silver, paid in silver in their latest silver bond offering. For example, if you have 1,000 ounces of silver in the deal, you receive 120 ounces of silver interest paid to your account in the first year. Go to the link in the description or head to https://monetary-metals.com/delingpole/ to learn more about how to participate and start earning a return on honest money again with Monetary Metals. ↓ ↓ How environmentalists are killing the planet, destroying the economy and stealing your children's future. In Watermelons, an updated edition of his ground-breaking 2011 book, James tells the shocking true story of how a handful of political activists, green campaigners, voodoo scientists and psychopathic billionaires teamed up to invent a fake crisis called ‘global warming'. This updated edition includes two new chapters which, like a geo-engineered flood, pour cold water on some of the original's sunny optimism and provide new insights into the diabolical nature of the climate alarmists' sinister master plan. Purchase Watermelons by James Delingpole here: https://jamesdelingpole.co.uk/Shop/ ↓ ↓ ↓ Buy James a Coffee at: https://www.buymeacoffee.com/jamesdelingpole The official website of James Delingpole: https://jamesdelingpole.co.uk xxx

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/South Korea had been on the side of the Fed, sticking with interest rates opting to see about trade war "uncertainty" before doing anything. That lasted all of four weeks. The list of central banks able to sit by and watch CPI has thinned down to just the one Mr. Powell runs. And the update to Q1 GDP in the US holds the key as to why.Eurodollar University's Money & Macro AnalysisBloomberg Bank of Korea Flags More Rate Cuts to Come as Tariffs Hit Growthhttps://www.bloomberg.com/news/articles/2025-05-29/bok-cuts-rate-to-cushion-economy-from-tariffs-political-turmoilCNBC Bank of Korea lowers interest rates for the fourth time, flags more cuts aheadhttps://www.cnbc.com/2025/05/29/south-korea-central-bank-cuts-interest-rates-.htmlChosunBiz Bank of Korea lowers interest rate to 2.50%, signals possibility of further cutshttps://biz.chosun.com/en/en-policy/2025/05/29/E5KPW2LQYFGPRF5EM5G3RUM4XQ/Bloomberg Banxico Sees Growth of 0.1% This Year, Rules Out Recessionhttps://www.bloomberg.com/news/articles/2025-05-29/bank-lending-to-private-credit-funds-swells-145-in-five-yearshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/Germany. France. New Zealand. Singapore. ECB. Rising unemployment. Falling employment. Lowering interest rates. Technical recession. Historically low territory up next. There is almost no one left in the official world in the same thinking as the Fed as the world more clearly and completely tilts against "inflation."Eurodollar University's Money & Macro AnalysisWSJ Germany's Jobless Numbers Tick Higherhttps://www.wsj.com/economy/central-banking/germanys-jobless-numbers-tick-higher-27a99b18Le Monde France's great consumption slumphttps://www.lemonde.fr/en/economy/article/2024/10/10/france-s-great-consumption-slump_6728864_19.htmlBloomberg ECB Faces Greater Risk Inflation Will Undershoot 2%, Simkus Sayshttps://www.bloomberg.com/news/articles/2025-05-26/ecb-faces-greater-risk-inflation-will-undershoot-2-simkus-sayshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Jasun Horsley is an author, podcaster and host of the Children of Job Substack. He chats to James about his late artist brother Sebastian, the perils of inheriting money when you are too young, the secret life of Leonard Cohen, the dubious cult of the serial killer and whether or not there really is a Grand Universal Conspiracy. His latest (erudite but readable) book 16 Maps of Hell*: The Unraveling of Hollywood Superculture finds - according to James - the perfect balance between red-pilled Normiedom and unashamed rabbit holery. 16 Maps of Hell: The Unraveling of Hollywood Superculture ↓ Good Food Project is hosting a Barbara O'Neill event at Cranage Estate in Cheshire from the 20th to 24th May. Visit www.goodfoodproject.co.uk, find the event link at the top of the homepage, and use code delingpole15 for 15% off your virtual ticket. ↓ Monetary Metals is providing a true alternative to saving and earning in dollars by making it possible to save AND EARN in gold and silver. Monetary Metals has been paying interest on gold and silver for over 8 years. Right now, accredited investors can earn 12% annual interest on silver, paid in silver in their latest silver bond offering. For example, if you have 1,000 ounces of silver in the deal, you receive 120 ounces of silver interest paid to your account in the first year. Go to the link in the description or head to https://monetary-metals.com/delingpole/ to learn more about how to participate and start earning a return on honest money again with Monetary Metals. ↓ ↓ How environmentalists are killing the planet, destroying the economy and stealing your children's future. In Watermelons, an updated edition of his ground-breaking 2011 book, James tells the shocking true story of how a handful of political activists, green campaigners, voodoo scientists and psychopathic billionaires teamed up to invent a fake crisis called ‘global warming'. This updated edition includes two new chapters which, like a geo-engineered flood, pour cold water on some of the original's sunny optimism and provide new insights into the diabolical nature of the climate alarmists' sinister master plan. Purchase Watermelons by James Delingpole here: https://jamesdelingpole.co.uk/Shop/ ↓ ↓ ↓ Buy James a Coffee at: https://www.buymeacoffee.com/jamesdelingpole The official website of James Delingpole: https://jamesdelingpole.co.uk xxx

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/LT rates are up and you know what that means: get ready for a flood of claims deficits suddenly now matter. They don't (sadly), at least not for bonds, and we know they don't because not all the yield curve maturities are seeing selling. The one spot on the curve you always want to watch is sending another major warning, and it isn't too many Treasuries. Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Terry Hulsey joins Bob for a fascinating discussion of history and political science, with an end to providing a framework for Texas secession that can endure.Mentioned in the Episode and Other Links of Interest:The YouTube version of this interview.The Mises Bookstore entry for TL Hulsey's book.BMS on Arrow's Theorem. BMS on Daniel Miller on the Texas Nationalist Movement.Randy Barnett's critique of Nozick in the Journal of Libertarian Studies.The link for Monetary-Metals.com.Help support the Bob Murphy Show.

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/While we wait to see if the Swiss National Bank opts for zero or negative policy rates next month, its chief Martin Schlegel had a lot to say yesterday about a range of topics, including negative prices, Treasury bonds, and global risks. Jamie Dimon then today chimed in today cautioning that stocks and risk markets are ready for heightened credit risks. One reason why is volatility in repo, where TIC data shows a huge increasing in offshore resales heading into everything April. Eurodollar University's Money & Macro AnalysisBloomberg Dimon Warns Markets Are Underestimating Geopolitical, Inflation Riskshttps://www.bloomberg.com/news/articles/2025-05-19/jpmorgan-s-dimon-warns-against-complacency-amid-mounting-risksBloomberg Swiss Inflation Risks Falling Below Zero in Individual Months This Year, Schlegel Sayshttps://www.bloomberg.com/news/articles/2025-05-19/snb-chief-sees-subzero-inflation-in-individual-months-this-yearBloomberg SNB President Schlegel Sees No Alternative to US Treasurieshttps://www.bloomberg.com/news/articles/2025-05-19/snb-president-schlegel-sees-no-alternative-to-us-treasuriesBloomberg Singapore Central Bank Chief Says US Dollar Assets Irreplaceablehttps://www.bloomberg.com/news/articles/2025-05-20/singapore-central-bank-chief-says-us-dollar-assets-irreplaceablehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Howard Steen is a retired R&D engineer. He spent 35 year career with large US consumer goods developer. Then he woke up. He now lives in Germany. During Covid he provided English summaries of the hearings of Reiner Fuellmich and Viviane Fischer's Corona Committee. He chats to James about his awakening and what he thinks of the Reiner Fuellmich trial. https://substack.com/@howard366646 ↓  Monetary Metals is providing a true alternative to saving and earning in dollars by making it possible to save AND EARN in gold and silver. Monetary Metals has been paying interest on gold and silver for over 8 years. Right now, accredited investors can earn 12% annual interest on silver, paid in silver in their latest silver bond offering. For example, if you have 1,000 ounces of silver in the deal, you receive 120 ounces of silver interest paid to your account in the first year. Go to the link in the description or head to https://monetary-metals.com/delingpole/ to learn more about how to participate and start earning a return on honest money again with Monetary Metals. ↓ ↓  How environmentalists are killing the planet, destroying the economy and stealing your children's future. In Watermelons, an updated edition of his ground-breaking 2011 book, James tells the shocking true story of how a handful of political activists, green campaigners, voodoo scientists and psychopathic billionaires teamed up to invent a fake crisis called ‘global warming'. This updated edition includes two new chapters which, like a geo-engineered flood, pour cold water on some of the original's sunny optimism and provide new insights into the diabolical nature of the climate alarmists' sinister master plan. Purchase Watermelons by James Delingpole here:  https://jamesdelingpole.co.uk/Shop/ ↓ ↓ ↓ Buy James a Coffee at: https://www.buymeacoffee.com/jamesdelingpole The official website of James Delingpole: https://jamesdelingpole.co.uk x

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/It was a trifecta of disinflation disaster in today's numbers, with Walmart adding to the woes with its own deteriorating environment. Retail sales were more than soft, industrial output fell, but most concerning prices fell sharply - including wholesale services costs crashing the most on record. Eurodollar University's Money & Macro AnalysisWalmart Q1 earningshttps://corporate.walmart.com/content/dam/corporate/documents/newsroom/2025/05/15/walmart-releases-q1-fy26-earnings/q1-fy26-earnings-release.pdfCNN Walmart warns it will raise prices because of tariffshttps://www.cnn.com/2025/05/15/business/walmart-prices-tariffsCNBC Walmart CFO says price hikes from tariffs could start later this month, as retailer beats on earningshttps://www.cnbc.com/2025/05/15/walmart-wmt-q1-2026-earnings.htmlBloomberg US Retail Sales Barely Rise, Suggesting Some Spending Pullbackhttps://www.bloomberg.com/news/articles/2025-05-15/us-retail-sales-barely-rise-suggesting-some-spending-pullbackBloomberg US Producer Prices Fell Unexpectedly in April as Margins Shrankhttps://www.bloomberg.com/news/articles/2025-05-15/us-producer-prices-fall-unexpectedly-as-margins-declineReuters US manufacturing output falls in April on weak auto productionhttps://www.reuters.com/business/autos-transportation/us-manufacturing-output-falls-april-weak-auto-production-2025-05-15/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/Re-risking accelerated on Wall Street and for many other markets; even bond yields rose. The thinking is if trade wars broke everything, then trade deals fix it. However, the US and China don't have one, And that's only the first of several key misimpressions - starting with the 2018 example. Like then, the incoming data doesn't align with "trade wars broke it."Eurodollar University's Money & Macro AnalysisJoint Statement on U.S.-China Economic and Trade Meeting in Genevahttps://www.whitehouse.gov/briefings-statements/2025/05/joint-statement-on-u-s-china-economic-and-trade-meeting-in-geneva/Bloomberg US, China to Slash Tariffs During 90-Day Reprieve for Talkshttps://www.bloomberg.com/news/articles/2025-05-12/us-and-china-agree-to-major-reductions-in-tariffs-for-90-daysBloomberg Japan Rules Out Trade Deal With US That Excludes Auto Tariffshttps://www.bloomberg.com/news/articles/2025-05-12/japan-s-ishiba-says-won-t-do-trade-deal-with-us-excluding-autosSCMP China's consumer prices fall in April, fuelling fears of deflationhttps://www.scmp.com/economy/economic-indicators/article/3309834/chinas-consumer-prices-fall-april-fuelling-fears-deflationhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Dr. Edward Altman, creator of the Z-Score bankruptcy prediction model and Max L. Heine Professor of Finance, Emeritus at the Stern School of Business, joins Julia La Roche on episode 257 for an in-depth discussion on where we are in the credit cycle. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, Ed Altman discusses the current state of the credit cycle. Dr. Altman explains that 2024 saw more Chapter 11 bankruptcy filings than any year since the Great Financial Crisis, with over 7,000 filings. He analyzes why the economy has moved from a "benign" phase to a "stress" phase in his credit cycle framework, highlighting the dichotomy between high-yield bonds and bank loans, the impact of floating-rate debt, and the growth of private credit markets. Dr. Altman also examines distressed exchanges as alternatives to bankruptcy, government debt concerns, and why credit cycles typically precede business cycles as leading economic indicators.Dr. Altman is a renowned professor and researcher for his bankruptcy prediction and credit risk analysis work. Dr. Altman earned his MBA and Ph.D. in Finance from the University of California, Los Angeles. He has been with NYU Stern School of Business since 1967. He is most famous for developing the Z-Score formula in the late 1960s. The Z-Score is a financial model that uses historical data to predict a company's likelihood of bankruptcy. This formula is widely used by investors, financial analysts, and auditors as a tool for predicting corporate defaults and an aid in credit risk management. Dr. Altman has published numerous books and articles on the topics of bankruptcy, corporate distress analysis, corporate financial restructuring, and credit risk. His work has had a significant impact on both academic finance and practical investment analysis. Links: Wiser Funding: https://www.wiserfunding.com/ Corporate Financial Distress, Restructuring and Bankruptcy Book: https://www.amazon.com/Corporate-Financial-Distress-Restructuring-Bankruptcy/dp/1119481805/NYU Stern: https://www.stern.nyu.edu/faculty/bio/edward-altman00:00 - Introduction to Dr. Edward Altman 01:17 - The current credit cycle and economy outlook 03:17 - Credit market dichotomy between high yield bonds and bank loans 05:43 - Floating rate vs fixed rate debt performance 09:16 - Credit cycle as a leading indicator for the business cycle 15:21 - Record high Chapter 11 bankruptcies in 2024 19:06 - Understanding distressed exchanges as a default technique 26:58 - The Z-Score: history and evolution 33:49 - Changes in corporate debt markets over the decades 36:37 - Bond rating equivalents for Z-Scores 38:32 - Comparing current conditions to the 2007 credit bubble 45:19 - Private credit market growth and impact 51:38 - Government debt concerns and interest payments 59:59 - Closing thoughts on the credit cycle and market outlook

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/Insiders are looking for the exits. Short selling sharks are circling. Regulated banks are majorly exposed to this credit segment, another one deep within the shadows. Could this explain why market signals remain near or at extremes? From swap spreads to gold ratios, there is deflationary everywhere in them and credit default swaps have cast their blame specifically toward banks. Eurodollar University's Money & Macro AnalysisBloomberg Short Sellers Bet Against Private Credit Lendershttps://www.bloomberg.com/news/articles/2025-05-03/short-sellers-bet-against-private-credit-lenders-credit-weeklyIMF Global Financial Stability Report April 2025https://www.imf.org/en/Publications/GFSR/Issues/2025/04/22/global-financial-stability-report-april-2025IMF Private Credithttps://www.imf.org/en/Blogs/Articles/2024/04/08/fast-growing-USD2-trillion-private-credit-market-warrants-closer-watchhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 256 for an FOMC day interview.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia DiMartino Booth argues that Fed monetary policy remains overly restrictive while the labor market is "anything but solid." She points to concerning indicators including record credit card minimum payments, rising long-term unemployment, and declining full-time jobs. DiMartino Booth makes the case for immediate rate cuts to a floor of 2%, warning the economy now operates "without a safety net" after successive waves of debt-fueled growth. Looking forward, she expresses concern about geopolitical risks while finding hope in the strong work ethic of the younger generation.A global thought leader in monetary policy, economics, and finance, DiMartino Booth founded QI Research in 2015. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Fox News, Fox Business News, BNN Bloomberg, Yahoo Finance and other major media outlets. Prior to QI Research, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas. She served as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. Her work at the Fed focused on financial stability and the efficacy of unconventional monetary policy. DiMartino Booth began her career in New York at Credit Suisse and Donaldson, Lufkin & Jenrette where she worked in the fixed-income, public equity, and private equity markets. DiMartino Booth earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University. Links: QI Research: https://quillintelligence.com/subscriptions/ Twitter/X: https://twitter.com/dimartinobooth Substack: https://dimartinobooth.substack.com/Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655Timestamps: 0:00 - Opening commentary on Powell and monetary policy0:23 - Introduction and FOMC day discussion1:39 - Arguments that monetary policy is too restrictive2:49 - Labor market indicators and private sector layoffs4:13 - Credit card minimum payments and student loan impacts6:02 - Signs of financial stress in refinancing behaviors8:10 - Bankruptcy trends and distressed debt exchanges9:57 - Fed's dual mandate debate12:05 - Critique of Powell's selective history on Fed actions13:57 - Job market reality vs. Powell's "solid" characterization15:48 - Self-employment and full-time job losses17:50 - Sponsor segment19:08 - Labor market "scarring" and long-term unemployment21:12 - Federal debt approaching $38 trillion22:03 - Analysis of long-term debt cycles since Greenspan24:16 - Student loan wage garnishment concerns28:36 - Fed rate cut recommendations30:10 - Policy pushing money from real economy to financial assets33:00 - Tariffs discussion - why they're deflationary not inflationary36:38 - Real-world impacts of import costs38:26 - What keeps Danielle up at night - geopolitical concerns39:53 - What gives her hope - younger generation's work ethic42:17 - Information about Qi Research and closing thoughts

Bob analyzes the GDP report for Trump's 1st quarter, which was characterized by a surge in imports and private inventories, and a drop in government spending. Although the conventional discussion of these topics is confused, the fall in real GDP does indeed signify a weak economy.Mentioned in the Episode and Other Links of Interest:The BEA GDP report.Peter St. Onge's rosy analysis.Bob's article (from 2010) about quirks in the standard approach to inventory in GDP.The link for Monetary-Metals.com.Help support the Bob Murphy Show.

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/Another major safe haven currency has exploded higher, not just in early April but here in early May. It's gone so far already the local monetary authority has had to intervene. Over in Switzerland, the country report zero inflation for April. Along with the similar behavior of the franc, the Swiss central bank is looking at zero rates next month - if not negative given what both these currencies are doing. Eurodollar University's Money & Macro AnalysisBloomberg Hong Kong Dollar Tests Strong End of Trading Band for Second Dayhttps://www.bloomberg.com/news/articles/2025-05-05/hong-kong-dollar-tests-strong-end-of-trading-band-for-second-dayhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Grant Williams, author of “Things That Make You Go Hmmm…” and host of The Grant Williams podcast, joins Julia La Roche on episode 255 where he discusses what he calls a fundamental "100-year pivot" reshaping the global landscape. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Williams warns that we've entered an "air pocket" where tariff impacts haven't yet fully manifested in corporate earnings but will soon emerge with significant consequences. He emphasizes a crucial mindset shift from "getting rich" to "staying rich," urging investors to prioritize capital preservation over chasing returns. Williams provides thought-provoking insights on gold's rise reflecting central bank diversification away from US treasuries, the questioning of foundational institutions, and why even his natural cynicism wasn't enough to prepare for the current economic climate. Throughout, he stresses that these changes extend far beyond markets, representing a once-in-a-generation transformation that requires deep reflection.Links: https://www.grant-williams.com/ https://twitter.com/ttmygh0:00 - Intro and welcome back Grant Williams0:54 - Big picture macro view question1:35 - Market uncertainty and volatility discussion5:52 - Signs of tariff effects appearing in data7:06 - Return to company fundamentals vs stock pricing7:35 - Question about holding liquidity8:18 - Buffett stepping down significance10:38 - Recent important diplomatic shifts with China and Japan14:53 - Discussion of "100 year pivot" and generational change18:01 - Understanding the new world we're navigating22:03 - Investment vs trading distinction in changing markets25:00 - Shift from "getting rich" to "staying rich" mindset27:19 - Gold discussion34:38 - Future of the US dollar40:14 - Shift to domestic-focused economic policies42:22 - Protecting assets vs making money in the new paradigm48:33 - Risks keeping Grant up at night52:29 - Not being "cynical enough" realization57:26 - Problems beyond markets affecting everyday lives59:56 - Final thoughts

Matt Landman is an independent journalist and activist known for his work exposing geoengineering and chemtrail programs, and for producing the documentary Frankenskies. https://frankenskies.com Join Matt Landman and other Actual Activists for a weather engineering protest in the park: https://stopgeoengineeringlondon.co.uk ↓  Monetary Metals is providing a true alternative to saving and earning in dollars by making it possible to save AND EARN in gold and silver. Monetary Metals has been paying interest on gold and silver for over 8 years. Right now, accredited investors can earn 12% annual interest on silver, paid in silver in their latest silver bond offering. For example, if you have 1,000 ounces of silver in the deal, you receive 120 ounces of silver interest paid to your account in the first year. Go to the link in the description or head to https://monetary-metals.com/delingpole/ to learn more about how to participate and start earning a return on honest money again with Monetary Metals. ↓ ↓  How environmentalists are killing the planet, destroying the economy and stealing your children's future. In Watermelons, an updated edition of his ground-breaking 2011 book, James tells the shocking true story of how a handful of political activists, green campaigners, voodoo scientists and psychopathic billionaires teamed up to invent a fake crisis called ‘global warming'. This updated edition includes two new chapters which, like a geo-engineered flood, pour cold water on some of the original's sunny optimism and provide new insights into the diabolical nature of the climate alarmists' sinister master plan. Purchase Watermelons by James Delingpole here:  https://jamesdelingpole.co.uk/Shop/ ↓ ↓ ↓ Buy James a Coffee at: https://www.buymeacoffee.com/jamesdelingpole The official website of James Delingpole: https://jamesdelingpole.co.uk x

In Episode 254 of The Julia La Roche Show, legendary economist Dr. Lacy Hunt, Chief Economist at Hoisington Investment Management, analyzes what he calls an economic "interregnum" where five convergent forces are aligning to depress growth. Dr. Hunt methodically explains how tariffs will ultimately prove deflationary rather than inflationary, why the Fed's restrictive monetary policy is misplaced, how federal spending cuts are creating headwinds, why massive debt overhang limits policy effectiveness, and how changing demographics will impact long-term prospects. With over 56 years of experience and historical perspective dating back to the 1920s, Dr. Hunt delivers a sobering but authoritative prediction that recession lies ahead in 2025, describing it as "a long, difficult slog" rather than a brief downturn.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Dr. Hunt is an internationally known and award-winning economist. He received the Abramson Award from the National Association for Business Economics for "outstanding contributions in the field of business economics."  Dr. Hunt is Executive Vice President and Chief Economist of Hoisington Investment Management Company (HIMCO).This is the 56th year in Dr. Hunt's career. He served as a Senior Economist for the Federal Reserve Bank of Dallas. When he entered the Fed, William Martin was chair and was grappling with severe inflation and when Dr. Hunt left the Fed, Arthur Burns was chair and also trying to contain rampant price increases.  Dr. Hunt served 23 years on the Board of Trustees at Temple University where he received his PhD in 1969, and is an honorary life trustee as well.Timestamps: 0:00 - Introduction and welcome1:16 - "Interregnum" explanation1:28 - Tariffs discussion begins2:08 - Economic boost from tariff announcements2:49 - Consumer buying ahead of tariffs3:42 - Employment impact of demand surge4:26 - Inventory accumulation5:03 - Federal spending decline (FY 2025)6:18 - Economy in frail condition7:05 - Beverage ratio analysis7:45 - Average hourly earnings indicator8:11 - April's wage growth weakness9:30 - Late Easter timing challenges10:31 - Recession prediction10:58 - Five convergent economic factors11:32 - Microeconomics of tariffs12:55 - Price elasticity in international trade14:31 - Historical context (1920s-1930s)15:44 - French devaluation of 192517:43 - Smoot-Hawley tariff impact19:45 - Chart explanation of M2 trend21:03 - Tariffs' impact on money supply22:15 - Monetary policy restrictiveness22:51 - Fed's "data dependency" critique25:31 - Other deposit liabilities explained28:38 - Fed policy recommendations29:37 - Tax cut potency limitations31:16 - Fed's need for longer-term view32:08 - Forward guidance discussion33:22 - Asset reallocation issues35:48 - Net national savings analysis37:39 - Birth rate economic connections39:46 - Immigration discussion42:52 - Recession confirmation43:49 - Historical economists on debt44:37 - Interest expense approaching defense spending46:18 - US debt impacts (125% of GDP)48:30 - Gross vs. net debt explanation49:48 - Fisher equation for bond yields53:00 - Tariffs' deflationary nature55:32 - High-tech sector growth analysis56:38 - Aircraft sector growth unsustainability57:11 - Federal spending outlook1:00:03 - Need for tariff dispute resolution1:01:18 - Closing remarks

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/The Treasury Secretary spoke through the financial media to Jay Powell. He had a very simple message for the Fed Chair: pay attention to the 2s. And Ronald McDonald. It's not just the Treasury market. If only that was the case, there is also a close relationship - therefore strong warning - coming via the oil market, too. This is already why OPEC is itself shifting to recession economics.Eurodollar University's Money & Macro AnalysisBloomberg Bessent Says Two-Year Treasuries Signaling Fed Should Cuthttps://www.bloomberg.com/news/articles/2025-05-01/bessent-says-two-year-treasuries-are-signaling-fed-should-cutBloomberg Understanding the Unlikely Saudi Push for Lower Oil Priceshttps://www.bloomberg.com/opinion/articles/2025-05-01/opec-puzzle-understanding-the-saudi-push-for-lower-oil-pricesCNN McDonald's just had its worst quarter since Covid. It said customers are getting nervoushttps://www.cnn.com/2025/05/01/investing/mcdonalds-earnings-first-quarter-2025https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Ted Oakley, Managing Partner and Founder of Oxbow Advisors, joins Julia La Roche on episode 253 to discuss the economy and markets.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, Ted discusses the concerning deterioration in economic indicators despite ongoing investor complacency, warning that earnings expectations are too optimistic while market multiples remain elevated. He shares his approach to maintaining significant liquidity (currently 55%) while selectively investing in value opportunities like consumer staples. Ted also explains his gold strategy, with bullion as a permanent currency hedge and miners as tradable assets. The conversation concludes with insights from his new book "Second Generation Wealth," where he emphasizes the importance of letting children experience financial independence and adversity before introducing them to family wealth.With more than forty years of experience in advising high-net-worth clients in the investment industry, Oakley implements the firm's proprietary investment strategies and the “Oxbow Principles” to provide a unique investment perspective. He is a frequent guest on FOX Business News, Bloomberg Radio, KITCO News, Cheddar TV, Yahoo Finance, and many more. Oakley is a Chartered Financial Analyst (CFA) and a Certified Financial Planner (CFP). He is a member of the Austin Society of Financial Analysts. He is also a Partner of Herndon Plant Oakley Ltd., an investment company. He is a Board Member of Texas State Aquarium, American Bank, and American Bank Holding Company. Mr. Oakley is a United States Army Veteran. Oakley began his career in Dallas, Texas, over 35 years ago. He is the author of nine books: You Sold Your Company, $20 Million and Broke, Rich Kids Broke Kids – The Failure of Traditional Estate Planning, Crazy Time – Surviving the First 12 Months after Selling Your Company, Wall Street Lies, Danger Time, My Story, The Psychology of Staying Rich, and Your Money Mentality. Oakley's primary philanthropic interest is helping children. He is Chairman Emeritus and Founder of the Foster Angels of South Texas, the largest foster child foundation in South Texas, as well as Chairman Emeritus and Founder of Austin, Texas-based Foster Angels of Central Texas. Also, President and Founder of Advocates for Foster Children Foundation.Links:Oxbow Advisors: https://oxbowadvisors.com/YouTube: https://www.youtube.com/@OxbowAdvisorsX: https://x.com/Oxbow_AdvisorsBook: https://www.amazon.com/Second-Generation-Wealth-What-Want/dp/1966629168Timestamps: 0:00 Introduction and welcome0:32 Big picture macro view - deterioration and complacency 2:05 Explaining market complacency despite bearish sentiment 3:21 Liquidity and portfolio positioning 4:45 Appropriate liquidity levels by age group 7:42 Boomers' over-allocation to stocks 8:47 Value Line Investment Survey as a market indicator 10:52 Scaling into investments during market downturns 11:55 Fully invested vs. current 55% liquid strategy 14:09 Market risks: shrinking corporate margins and multiples 16:05 Market decline without recession possibility 17:05 Recent market movement - another chance for liquidity 18:35 Q1 GDP insights and market end-of-month action 19:48 Preparing for potential market scenarios 21:26 Retail buyers and leverage in current market recovery 22:35 Current investment opportunities - consumer staples and value24:48 Gold strategy - bullion as currency hedge vs. miners as trades27:45 Gold's purchasing power preservation over time 30:10 Treasury strategy - staying under two years to maintain control31:36 US fiscal situation and future outlook 33:58 Second Generation Wealth - inheritance and teaching kids about money 36:17 Helping children develop self-esteem and independence 39:16 The importance of adversity and work ethic for children 41:37 Setting an example - treating everyone equally 44:13 Parting thoughts

Bob covers some loose ends on the Douglas Murray / Dave Smith debate, then analyzes how a libertarian legal system would handle the thorny problem of human shields.Mentioned in the Episode and Other Links of Interest:Bob's journal article on libertarian law and military defense.Sam Harris interviews Douglas Murray on the JRE debate.Previous BMS episodes on the Murray/Smith debate (here and here).John Spencer's twitter essay critiquing Dave Smith's views on war.The link for Monetary-Metals.com.Help support the Bob Murphy Show.

James chats to comedian Tania Edwards about how to pronounce her first name, the horrors of corporate comedy gigs, Tolstoy's short stories, and - don't listen to this until you've had breakfast - James's latest detox protocol. And lots of other interesting stuff. Tania's next comedy gig is on May 3rd. But get in there quickly because tickets always sell out fast.  https://thetopsecretcomedyclub.co.uk/events-listings/alistair-williams-and-tania-edwards-4/ ↓  Monetary Metals is providing a true alternative to saving and earning in dollars by making it possible to save AND EARN in gold and silver. Monetary Metals has been paying interest on gold and silver for over 8 years. Right now, accredited investors can earn 12% annual interest on silver, paid in silver in their latest silver bond offering. For example, if you have 1,000 ounces of silver in the deal, you receive 120 ounces of silver interest paid to your account in the first year. Go to the link in the description or head to https://monetary-metals.com/delingpole/ to learn more about how to participate and start earning a return on honest money again with Monetary Metals. ↓ ↓  How environmentalists are killing the planet, destroying the economy and stealing your children's future. In Watermelons, an updated edition of his ground-breaking 2011 book, James tells the shocking true story of how a handful of political activists, green campaigners, voodoo scientists and psychopathic billionaires teamed up to invent a fake crisis called ‘global warming'. This updated edition includes two new chapters which, like a geo-engineered flood, pour cold water on some of the original's sunny optimism and provide new insights into the diabolical nature of the climate alarmists' sinister master plan. Purchase Watermelons by James Delingpole here:  https://jamesdelingpole.co.uk/Shop/ ↓ ↓ ↓ Buy James a Coffee at: https://www.buymeacoffee.com/jamesdelingpole The official website of James Delingpole: https://jamesdelingpole.co.uk x

Melody Wright joins Julia La Roche on episode 252 to discuss the state of the U.S. housing market.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, Melody debunks the "inventory shortage" myth in housing and reveals startling truths about the current market. She explains how March home sales fell below 2008 levels despite population growth, discusses the hyperfinancialization of real estate through Wall Street and Airbnb investors, and shares insights from driving 10,000 miles across America to observe housing conditions firsthand. Melody also exposes ongoing defaults from the 2008 crisis and offers hope for frustrated millennial homebuyers waiting for affordability to return. Throughout our conversation, she provides a sobering look at what our distorted housing market reveals about the broader economy.Links:YouTube; https://www.youtube.com/@m3_melodyX: https://x.com/m3_melodySubstack: https://m3melody.substack.com/Timestamps0:00 Introduction and welcome Melody Wright0:23 Setting up the big picture on housing and real estate 1:08 The context of the housing market's current state 3:18 Worst housing market in our lifetimes - March sales lower than 20084:18 Discussion of housing bubble and unaffordability 5:47 Hyperfinancialization of housing 6:15 Wall Street's role in housing after the GFC 7:32 The short-term rental craze and Airbnb saturation 9:03 How to see the real housing inventory numbers 11:06 Debunking the inventory myth and where the market is headed12:58 FHA loan issues and foreclosure programs 15:07 Hope for millennial homebuyers 16:42 Advice for first-time homebuyers 18:08 What the housing market says about the economy 19:00 Commercial real estate situation and empty buildings 20:35 Insights from driving 10,000 miles across America 22:43 Unlearned lessons from the Global Financial Crisis 23:51 Ongoing defaults from the 2008 crisis 25:02 What a healthy housing market would look like 26:26 Closing thoughts

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/While other airlines were pulling their forecasts afraid to tell the truth and preferring to hide under behind "uncertainty", Southwest's CEO bluntly stated there's a recession. And that's exactly what is starting to emerge from the Federal Reserve's very own contacts, thus why former FOMC hawks are now sounding incredibly dovish, the fundamentals of interest rates in all directions. Eurodollar University's conversation w/Steve Van MetreBloomberg Southwest CEO Says US Airline Industry Is Already in a Recessionhttps://www.bloomberg.com/news/articles/2025-04-24/southwest-ceo-says-us-airline-industry-is-already-in-a-recessionFed Beige Book April 2025https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20250423.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Patrick Wood is a researcher and author known for his criticism of technocracy and global governance. He is the founder of Technocracy News & Trends, a platform exploring the influence of unelected technological elites on society. Wood argues that initiatives like Agenda 21 and smart cities often conceal efforts to centralise control and undermine individual freedoms. His key works include Technocracy Rising, where he traces modern technocracy back to its 1930s roots. ↓  Monetary Metals is providing a true alternative to saving and earning in dollars by making it possible to save AND EARN in gold and silver. Monetary Metals has been paying interest on gold and silver for over 8 years. Right now, accredited investors can earn 12% annual interest on silver, paid in silver in their latest silver bond offering. For example, if you have 1,000 ounces of silver in the deal, you receive 120 ounces of silver interest paid to your account in the first year. Go to the link in the description or head to https://monetary-metals.com/delingpole/ to learn more about how to participate and start earning a return on honest money again with Monetary Metals. ↓ ↓  How environmentalists are killing the planet, destroying the economy and stealing your children's future. In Watermelons, an updated edition of his ground-breaking 2011 book, James tells the shocking true story of how a handful of political activists, green campaigners, voodoo scientists and psychopathic billionaires teamed up to invent a fake crisis called ‘global warming'. This updated edition includes two new chapters which, like a geo-engineered flood, pour cold water on some of the original's sunny optimism and provide new insights into the diabolical nature of the climate alarmists' sinister master plan. Purchase Watermelons (2024) by James Delingpole here:  https://jamesdelingpole.co.uk/Shop/Products/Watermelons-2024.html ↓ ↓ ↓ Buy James a Coffee at: https://www.buymeacoffee.com/jamesdelingpole The official website of James Delingpole: https://jamesdelingpole.co.uk x

Bob responds to a Heinlein quotation (from Starship Troopers) that claimed violence had settled more issues in history than any other factor. Bob relies on Mises and Jesus to argue the contrary.Mentioned in the Episode and Other Links of Interest:Jeremy Kauffman's tweet that prompted this episode.Bob on why the AI won't wipe us out.The link for Monetary-Metals.com.Help support the Bob Murphy Show.

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/Walmart isn't sitting on tariffs. They instead rolling back more prices understanding what Chipotle just found out the hard way. The burrito bowl restaurant reported its first sales decline since the lockdowns, and the reason why has everyone from airlines to Walmart scrambling. Eurodollar University's Money & Macro AnalysisBloomberg Walmart Amps Up Discounts as Rivals Weigh Tariff-Driven Hikeshttps://www.bloomberg.com/news/articles/2025-04-24/walmart-amps-up-discounts-to-lure-cost-conscious-customersBloomberg Walmart Keeps Price Pressure on Suppliers After Beijing Pushbackhttps://www.bloomberg.com/news/articles/2025-04-02/walmart-keeps-price-pressure-on-suppliers-after-beijing-pushbackCNBC Chipotle is seeing a ‘slowdown' in consumer spending as 2025 gets off to a rough starthttps://www.cnbc.com/2025/04/23/chipotle-mexican-grill-cmg-q1-2025-earnings.htmlBloomberg American Air Is Latest US Carrier to Give Up on 2025 Forecasthttps://www.bloomberg.com/news/articles/2025-04-24/american-air-aal-pulls-full-year-outlook-on-soft-travel-demand-worryBloomberg United Airlines Is So Unsure About the Economy It Offers Two Profit Scenarioshttps://www.bloomberg.com/news/articles/2025-04-15/united-air-flags-recessionary-risk-while-keeping-profit-targetCNBC Alaska Airlines warns of slower demand as second-quarter profit outlook falls shorthttps://www.cnbc.com/2025/04/23/alaska-air-alk-1q-2025-earnings.htmlSPG Composite PMI flash April 2025https://www.pmi.spglobal.com/Public/Home/PressRelease/9ee36c52b8a649adada211c1842512behttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Darius Dale, founder & CEO of 42 Macro, an investment research firm that aims to disrupt the financial services industry by democratizing institutional-grade macro risk management frameworks and processes, returns to The Julia La Roche Show for episode 251 to discuss Trump, tariffs, and the risks facing the markets and the economy.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Links: 42 Macro https://42macro.com/ Darius on X/Twitter: https://x.com/dariusdale42 42 Macro on X/Twitter: https://x.com/42macro 42 Macro on YouTube: https://www.youtube.com/@42Macro0:00 Intro and welcome Darius Dale0:30 Quick update on Wednesday morning with Darius onTrump's Wall Street pivot 11:29 Original interview begins:12:43 Core research themes: Sticky inflation and resilient economy 18:09 Treasury market dynamics and foreign ownership concerns 21:24 American exceptionalism and international investment imbalances27:58 Discussion of technical recession outlook 31:24 Detailed recession forecast and Fed response predictions 33:38 Labor vs capital distribution shifts over generations 37:52 Balance of payments crisis risks and twin deficit implications 43:03 KISS systematic investment strategy explained 50:57 Gold outlook and bond market analysis 54:37 Closing thoughts

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/We're moving out of the theoretical impacts from tariffs and global weakness and into the reality of the situation. The first data from April is coming in from a variety of sources. China is seeing major reactions, as did South Korea. Hardly being spared, the response in Philly manufacturing was near-historic. Here comes the data for all those dependent. Eurodollar University's Money & Macro AnalysisCNBC Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummethttps://www.cnbc.com/2025/04/16/trade-war-fallout-china-freight-ship-decline-begins-orders-plummet.htmlBloomberg Shrinking Korea Exports Send Global Warning on Trump Tariffshttps://www.bloomberg.com/news/articles/2025-04-21/south-korea-s-early-trade-data-show-exports-shrank-after-tariffsHankyoreh BOK warns of negative economic growth in Q1, hinting at another downgrade in Mayhttps://www.hani.co.kr/arti/english_edition/e_business/1193165.htmlConference Board March 2025 LEIhttps://www.conference-board.org/topics/us-leading-indicatorshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 250 where she reiterates her view that the US is already in recession, explains the "collapse in confidence" spreading through markets, and evaluates the growing tension between President Trump and Fed Chair Powell. Booth reveals concerning trends in consumer credit, employment data, and housing that mainstream statistics aren't capturing.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia A global thought leader in monetary policy, economics, and finance, DiMartino Booth founded QI Research in 2015. She is the author of FED UP: An Insider's Take on Why the Federal Reserve is Bad for America (Portfolio, Feb 2017), a business speaker, and a commentator frequently featured on CNBC, Bloomberg, Fox News, Fox Business News, BNN Bloomberg, Yahoo Finance and other major media outlets. Prior to QI Research, DiMartino Booth spent nine years at the Federal Reserve Bank of Dallas. She served as Advisor to President Richard W. Fisher throughout the financial crisis until his retirement in March 2015. Her work at the Fed focused on financial stability and the efficacy of unconventional monetary policy. DiMartino Booth began her career in New York at Credit Suisse and Donaldson, Lufkin & Jenrette where she worked in the fixed-income, public equity, and private equity markets. DiMartino Booth earned her BBA as a College of Business Scholar at the University of Texas at San Antonio. She holds an MBA in Finance and International Business from the University of Texas at Austin and an MS in Journalism from Columbia University. Links: QI Research: https://quillintelligence.com/subscriptions/ Twitter/X: https://twitter.com/dimartinobooth Substack: https://dimartinobooth.substack.com/Fed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655Timestamps: 00:00 - Introduction 03:31 - Discussion on US exceptionalism and capital migration out of US dollar assets 06:50 - Exploring the implications of collapsing confidence 08:35 - Trump's Truth Social post about Powell and interest rates 11:59 - Federal Reserve's independence and potential rate cut decisions15:20 - Discussion on whether rate cuts are necessary and timing 16:02 - Explanation of Fed blackout period and limitations on communication 17:59 - Analysis of Trump's strategy regarding Fed commentary 19:17 - Consumer 22:20 - CEO confidence decline, reduced capital expenditures, and potential layoffs 23:47 - Discussion on high unemployment claim rejection rates (44%)25:19 - Effects on gig economy and discretionary spending like rideshare services 27:03 - Confirmation that we are in a recession 31:34 - Housing market assessment and discussion of market conditions34:05 - Housing price outlook and structural issues 36:00 - Closing thoughts

Legendary economist Dr. A. Gary Shilling, President of A. Gary Shilling & Co., an economic consulting firm and a registered investment advisor, joins Julia La Roche on episode 249 to discuss the state of the economy.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, Dr. Shilling explains why he believes we are headed for a recession, if not already in one. He analyzes how Trump's tariff policies are disrupting global trade relationships and creating economic uncertainty while simultaneously forcing countries like China to the negotiating table. Despite these headwinds, Dr. Shilling reveals why he remains bullish on US Treasuries and the dollar as safe havens, shares his optimistic outlook on Indian stocks over Chinese investments, and advises listeners to build "fortress-like balance sheets" to weather the coming economic storm.Timestamps:00:00 - Introduction and welcome back Dr. Shilling01:50 - Historical context: US economic role since World War II03:34 - Impact of globalization on US manufacturing04:14 - Trump's changing approach to international trade06:37 - China's position and recent willingness to negotiate09:03 - Signs of recession and economic vulnerabilities12:33 - Bond market volatility and US Treasury outlook17:18 - Perspective on gold reaching record highs19:11 - Current investment allocations and strategies20:21 - Why India may surpass China in global leadership24:19 - Media coverage of market fluctuations vs long-term outlook26:47 - Dr. Shilling's history of contrarian economic predictions29:56 - Assessment of current economic vulnerabilities32:04 - Consumer debt and "buy now, pay later" trends33:27 - The US debt bomb and dollar's reserve currency status36:52 - Potential outcomes of tariff policies39:43 - Contact information and subscription details40:42 - Closing advice: maintaining a "fortress-like balance sheet"Access Dr. Shilling's monthly newsletter INSIGHT by calling this toll free number (1-888-346-7444) or visiting his website (https://www.agaryshilling.com/).

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/There are way too many critical financial and monetary signals at crisis levels right now. The 2008 or 2020 comparisons are all over the place. The latest to reach these numbers is derived from silver. By itself, what it has done is alarming. Combined with everything else performing similarly, it's too much to ignore. The reason why is what all these together really mean, exactly what we investigate here. Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

New York Times' bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show for an in-person episode to discuss the markets and the economy. Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia In this episode, McDonald discusses capital flows moving away from US markets. McDonald explains how European investors are pulling back following tariff policies and growing deficits. He discusses why copper, uranium, and oil services present value opportunities while predicting the possibility of "4000 gold and 4000 S&P." McDonald warns that America faces conditions with weakness in stocks, bonds, and currency simultaneously, creating what he calls a potential "Lehman moment" of uncertainty.Links: How To Listen When Markets Speak: https://www.amazon.com/Listen-When-Markets-Speak-Opportunities-ebook/dp/B0C4DFVFNR Twitter/X: https://x.com/convertbondBear Traps Report: https://www.thebeartrapsreport.com/00:00 - Introduction and welcome Larry 02:26 - Institutional investor conversations and European capital flows05:00 - American exceptionalism and crowded US investments08:24 - Understanding Wall Street research and consensus thinking10:27 - The new investing era: Niall Ferguson's insights on multi-polar world11:55 - The coming copper crisis and investment opportunity17:12 - Gold as a stable store of value compared to Bitcoin20:00 - Uranium market opportunities and tourist investors21:44 - S&P earnings projections and market indicators24:18 - Value stock opportunities in a changing market26:10 - NASDAQ vs energy stocks: the massive valuation gap28:42 - Trump's tariff policy and its global investment impact32:21 - Tariffs as both regressive tax and tax on consumption35:00 - Tariff policy creating Lehman-like uncertainty39:14 - The "emerging market" problem facing the US40:00 - Closing thoughts on democratizing financial information

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/Central bankers all over the world kept saying, nah, we're not going to do it this time. They weren't going to race to the bottom, cutting their interest rates back down to historical lows. And the data keeps coming in that says, yeah, you are. Troubling developments along these lines as Europe goes more for the bottom. Eurodollar University's Money & Macro AnalysisBloomberg UK Employment Fell Most Since Pandemic Ahead of Tax Hikehttps://www.bloomberg.com/news/articles/2025-04-15/uk-wage-growth-quickens-employment-falls-in-dilemma-for-boeRueters ECB's Rehn sees stronger case for ECB rate cut in April amid trade warhttps://www.reuters.com/markets/europe/ecbs-rehn-sees-stronger-case-ecb-rate-cut-april-amid-trade-war-2025-04-09/ZEW press releasehttps://www.zew.de/en/press/latest-press-releases/liberation-day-causes-zew-indicator-to-plungeIEA April 2025https://www.iea.org/reports/oil-market-report-april-2025Bloomberg Oil Goes From Bad to Worse in First Takes on 2026https://www.bloomberg.com/news/newsletters/2025-04-15/oil-goes-from-bad-to-worse-in-first-takes-on-2026https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Chris Barnard is president of the American Conservation Coalition, which has some 75,000 members. He joins Bob to discuss the unfortunate pattern of ceding concern for the environment to the political left, and what the ACC is doing (especially on college campuses) to shatter that stereotype.Mentioned in the Episode and Other Links of Interest:The YouTube version of this interview.Chris Barnard's bio at American Conservation Coalition.The Market Environmentalism Academy.Bob's article showing that Naomi Klein supported the Green New Deal for non-climate reasons.The link for Monetary-Metals.com.Help support the Bob Murphy Show.

Dr. Richard B. Spence is a History Professor at the University of Idaho with expertise in Russian, military, espionage, and occult history. He's the author of Secret Agent 666, Trust No One, and co-author of Empire of the Wheel.  ↓  Monetary Metals is providing a true alternative to saving and earning in dollars by making it possible to save AND EARN in gold and silver. Monetary Metals has been paying interest on gold and silver for over 8 years. Right now, accredited investors can earn 12% annual interest on silver, paid in silver in their latest silver bond offering. For example, if you have 1,000 ounces of silver in the deal, you receive 120 ounces of silver interest paid to your account in the first year. Go to the link in the description or head to https://monetary-metals.com/delingpole/ to learn more about how to participate and start earning a return on honest money again with Monetary Metals. ↓ ↓  How environmentalists are killing the planet, destroying the economy and stealing your children's future. In Watermelons, an updated edition of his ground-breaking 2011 book, James tells the shocking true story of how a handful of political activists, green campaigners, voodoo scientists and psychopathic billionaires teamed up to invent a fake crisis called ‘global warming'. This updated edition includes two new chapters which, like a geo-engineered flood, pour cold water on some of the original's sunny optimism and provide new insights into the diabolical nature of the climate alarmists' sinister master plan. Purchase Watermelons (2024) by James Delingpole here:  https://jamesdelingpole.co.uk/Shop/Products/Watermelons-2024.html ↓ ↓ ↓ Buy James a Coffee at: https://www.buymeacoffee.com/jamesdelingpole The official website of James Delingpole: https://jamesdelingpole.co.uk x

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/One of the most critical and dependable monetary signals we have utterly crashed this week. While other financial markets struggle to regain their footing, this one says there's more disorder still to come along with the negative consequences from it in the real economy. And to punctuate how high the possibilities are, the BLS reported a disturbingly negative CPI for March. Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Scott is joined by Jeff Deist to talk about the political situation we find ourselves in and how it should impact the strategies used to push for more liberty at home and fewer interventions abroad. They discuss Trump's foreign policy, tariffs, the national debt and more.  Discussed on the show: Ex America by Garet Garrett The Great Deformation by David Stockman Jeff Deist is General Counsel of Monetary Metals. He previously worked as President of the Mises Institute, where he serves as a writer, public speaker, and advocate for property, markets, and civil society and as a longtime advisor and chief of staff to Congressman Ron Paul, for whom he wrote hundreds of articles and speeches. Follow him on Twitter @jeffdeist. This episode of the Scott Horton Show is sponsored by: Roberts and Robers Brokerage Incorporated; Tom Woods' Liberty Classroom; Libertas Bella; ExpandDesigns.com/Scott. Get Scott's interviews before anyone else! Subscribe to the Substack. Shop Libertarian Institute merch or donate to the show through Patreon, PayPal or Bitcoin: 1DZBZNJrxUhQhEzgDh7k8JXHXRjY Learn more about your ad choices. Visit megaphone.fm/adchoices

If you are in any way interested in precious metals,  you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below: http://www.monetary-metals.com/Snider/If you want to come hang out at Rebel Capitalist Live, Use code jeff (lowercase) at checkout to get $100 off your ticket → https://rebelcapitalistlive.com/Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Just Dick ↓  Monetary Metals is providing a true alternative to saving and earning in dollars by making it possible to save AND EARN in gold and silver. Monetary Metals has been paying interest on gold and silver for over 8 years. Right now, accredited investors can earn 12% annual interest on silver, paid in silver in their latest silver bond offering. For example, if you have 1,000 ounces of silver in the deal, you receive 120 ounces of silver interest paid to your account in the first year. Go to the link in the description or head to https://monetary-metals.com/delingpole/ to learn more about how to participate and start earning a return on honest money again with Monetary Metals. ↓ ↓  How environmentalists are killing the planet, destroying the economy and stealing your children's future. In Watermelons, an updated edition of his ground-breaking 2011 book, James tells the shocking true story of how a handful of political activists, green campaigners, voodoo scientists and psychopathic billionaires teamed up to invent a fake crisis called ‘global warming'. This updated edition includes two new chapters which, like a geo-engineered flood, pour cold water on some of the original's sunny optimism and provide new insights into the diabolical nature of the climate alarmists' sinister master plan. Purchase Watermelons (2024) by James Delingpole here:  https://jamesdelingpole.co.uk/Shop/Products/Watermelons-2024.html ↓ ↓ ↓ Buy James a Coffee at: https://www.buymeacoffee.com/jamesdelingpole The official website of James Delingpole: https://jamesdelingpole.co.uk x