Andy Hoffman – Hello Global Recession

• Plunging oil prices
• Shale is 15% of U.S. junk bond market – $210 billion
• Energy bonds in freefall
• Merger mania will paralyze big oil
• Plunging currencies worldwide
• Liquidity vaccuum caused by global economic collapse
• Record valuations of insolvent government bonds
• Chinese gold, Indian silver, U.S./Canadian silver demand will exceed 2013’s record levels in 2014
• Swiss “no” was second to last chance for West to try to save itself. This weekend, Japan snap election is second.
• Abe likely to win, as Yen amid 40% plunge, Japan CPI at multi-year highs, and massive recession.
• Household survey NEGATIVE jobs, “Labor Market Index” declined today
• Further decline in labor participation
• All jobs still retail, amidst worst retail environment in decades.
• All other data bad – from trade deficit, to (negative) factory orders, contracting credit, etc.
• The world round, where essentially everyone is in recession!

Click Here to Listen to the Audio