Mish Shedlock: Central Bankers Don’t Know What They’re Doing!

Jason Burack of Wall St for Main St had on returning guest, registered investment adviser (RIA) and popular economic blogger, Mike “Mish” Shedlock https://mishtalk.com/. Mish has been blogging about the economy since 2003 and has one of the most popular economics blogs on the internet.

During this 30+ minute interview, Jason asks Mish about the fluctuations and volatility in currency markets and how that is affecting asset prices?

Mish thinks countries and their central banks are not colluding/manipulating currency exchange rates to take turns devaluing their currencies and that it’s basically every man for himself. Mish thinks this has led to many asset bubbles over the years.

Mish talks about how well the gold stocks have done in 2016. Mish expects a 20-25%pullback in gold stocks sometime in the near future but that he would be adding to positions on that dip.

Mish thinks the global economy is collapsing and that things are dire in Japan, China and Europe.

Jason and Mish discuss the rally in oil and oil stocks and also Japan’s failures of fighting deflation.

Mish says there’s nothing wrong with deflation.

To end the interview, Jason asks Mish where he sees value in any markets and also his thoughts on the 2016 Presidential Election? Mish thinks Donald Trump will win the election but the tariffs on China and other imported goods that Trump is proposing could be dire for the US economy.

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