Head of Armstrong Economics, Martin Armstrong, draws parallels between the current economic crisis and those of the past.
(The opinions and political comments of Mr. Armstrong do not necessarily reflect those of the management, staff and show host of GoldSeek.com.)
0.20 - Domestic credit appears to be drying-up.
1.00 - Auto repos are increasing.
2.12 - Corporate debt bubble and related defaults.
2.50 - Bank crisis in the EU?
4.15 - Economic crisis requires leadership.
6.01 - Sovereign debt defaults possibly first in the EU.
11.01 - The inflation theme remains strong.
13.45 - The greenback may be the last fiat domino to fall.
17.20 - Precious metals, real-estate and tangible assets are essential investments amid similar economic quagmires.
20.11 - A rare economic cycle could be unfolding, with ominous implications.
24.01 - Beware sovereign debt and the financial sector.
25.00 - Martin suggests reading: Herbert Hoover's Memoirs, free online: https://hoover.archives.gov/research/ebooks
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
