[212] Jim Rogers on Russia, US equities and commodities & Middleton on banks
Our lead story today is surveillance and the US economy. At a hearing in Palo Alto, California on Wednesday, Google’s Eric Schmidt made the bold claim that with the backlash against government surveillance mounting, “the simplest outcome is we’re going to end up breaking the internet. Erin Ade reports. Then, Erin is joined by Veritaseum CEO Reggie Middleton to discuss bank security and the technology of finance. After JPMorgan Chase recently announced it had a breach involving some tens of million accounts, it is clear that financial services are vulnerable. Moreover, a lot of bank profit comes from fees these days, rather than interest income. Is that fee franchise under pressure? Middleton weighs in. After the break, Erin sits down with famed investor Jim Rogers to talk about Russia, agriculture, and China. Rogers is bullish on agriculture and likes China. But he sees the Chinese purchase of the Waldorf-Astoria hotel as a top of the market kind of “trophy” acquisition. Jim also comments on whether a US equity bear market is on the horizon. And in The Big Deal, Erin and Edward Harrison discuss the end of the bull market. Market breadth is waning as evidenced by the lower number of stocks hitting new highs and trading above their 200-day moving averages. Small cap stocks have already corrected over 10% and almost half of the Nasdaq is sown 20%, thus in a bear market, already. Where is this headed? Consolidation is the bare minimum. But, depending on the real economy, it could be worse. Take a look! Check us out on Facebook: http://www.facebook.com/BoomBustRT https://www.facebook.com/harrison.writedowns https://www.facebook.com/erinade2020 Follow us @ http://twitter.com/ErinAde http://twitter.com/edwardnh
Comments
-
Jeez Erin must be 7ft tall
-
I miss Erin Ade and her vivaciousness, she made the show insightful and entertaining. That's near impossible to do with topics like finance, oh i do miss the beauty and her sexy figure. Those heavenly legs, come back Erin, plz :(
-
Ok look, Jim must know this, MONEY IS DEBT, that means without debt there is no money, and the interest charged DOESN'T EXIST. Why should we have to pay a dear price for a ponzi scheme? I say we write off the debt, start over and this time use something like Bit coin and physical metals for currency. No more BS. The only time we use Fiat is for infrastructure and social spending..period.
-
Paul Krugman definitely does not like Jim Rogers.
http://krugman.blogs.nytimes.com/2014/10/17/inflation-derp-abides/ -
Fresh suspenders JR
-
APPLE MSFT ALL THE REST OF FACE BOOK CRIMINALS BOY COT JUNK CRAP.
-
get all your bussiness out of US NSA POLICE SPIES
-
Crap and Crap to your JP Morgan story and Jim's Comments. The Elite all know that hackers are being employed to attack banks. This is for one reason only the introduction of the Identity Microchip. have enough "Employed Hacker" attacks and the public will accept the microchip which will be on the weekend of the 23-24th of September 2017....
And Jim's not stupid, while the fed is funding Captain America the Winter Soldier, with the black widow EU Romania and enlisting the help of the Falcon F-35's Bombers as of the Bus date on that movie being 11/23 which is the start of winter in Middle east the Fed are not going to do a QE4.
Also the Third blood moon out of five is on the 16th of November 2014 Blood Moon with the Roman god of war Mars. this is the kick of of 2300 days and nights of Bombing the crap out of Middle east by the F-35's thanks Captain America.
Jim would know this, the Fed are NOT going to panic either why should they, they already know what they are going to do and that is bring in the currency of the Second Beast on the 23-24 of September 2017 which is a phoenix - Don't believe me go and buy some Silver coins from your Mint, some of the coins will not have the queens head on them but rather the republic of Poland and a phoenix.on them instead. Jim would know this and is buying silver coins especially the ones with the phoenix, as that is the new currency in less than 3 years to go!
so both these stories are like most other news manufactured rubbish in comparison to the truth -
Just read Snowden's GF has been living with him in Russia. It was revealed in the CitizenFour documentary.
-
Comrade Jim, wonder how's investing in North Korea is going. I heard Kim disappeared... big opening at the top.
-
Actually, Erin, the Japanese made the big real estate purchases in the 1980's.
Minor detail...good show, Erin. -
I wish you would show the silver price along with gold and oil prices. Love your show.
-
Soros hates this Rogers guy.
-
what surveilance? It's never been as easy to commit identity theft.
-
Erin And Ed, you compliment each other well in your skill sets. Awesome teamwork! Keep it up!
-
Jim Rodgers looks like a old mark walberg
-
Truly one of the best episodes..really great interview with Jim Rogers, always a pleasure listening to his perspective on the economy around the world with a splash of humour. Go Erin & Ed Boom Bust getting Boomier!!
-
thanks for your wonderful guest. there is no dull moments with jim.
-
Erin is hot on the tractor..
-
27m 52sLenght
125Rating