Jim Puplava & Nicole Foss

[don]

Audio links:

http://www.netcastdaily.com/broadcas...011-0423-2.asx

or

http://www.netcastdaily.com/broadcas...011-0423-2.ram

or

http://www.netcastdaily.com/broadcas...011-0423-2.m3u

or

http://www.netcastdaily.com/broadcas...011-0423-2.mp3

[Adeptus]

Re: Jim Puplava & Nicole Foss

I stopped listening to Nicole after she predicted in Dec 2010 on Max Keiser that the Canadian real estate market would decline by 90%! Even Max Keiser did a double take on that one (see @5:03).

I've been a real estate bear here in Western Canada since 2005, and I could see 30%, maybe even 50% decline.. but 90% ?!!?!?... WW3 and US Hyperinflation will be here before 90% occurs. Unless she meant 90% decline against gold (although she didn't say that)...then I can believe it.

Did I throw out the baby with the bathwater? In your Jim Puplova audio clip above she predicts Oil going down to $20/barrel temporarily due the coming "deflationary depression". What is she really a serious expert in with credibility? Specifically, what's her record for accurate predictions on anything in the past 10 years?

Adeptus

[aaron]

Re: Jim Puplava & Nicole Foss

She is a deflationist & peak oil person. 90% is tough to fathom... but then again, it takes a million dollars to buy a shack in Vancouver.

[BlackVoid]

Re: Jim Puplava & Nicole Foss

There is no way that there will be deflation. The deflationist camp has been wrong now for decades.
Even Mish is contradicting himself in the same article.
http://globaleconomicanalysis.blogsp...x#echocomments

[World Traveler]

Re: Jim Puplava & Nicole Foss

I've read Nicole Foss for a while. She uses different terminology, but the process and end results she talks about are erily similar to iTulip in many ways.

She posits that since so much purchasing is done via credit today, that the loss of credit availability will exacerbate an ongoing debt deflation, by which she means the decline of asset prices. She also says that while asset prices decline, the purchasing power of the dollar will decline even further, so that this debt deflation of assets will not be like the 1930's, as it will not "swell" our purchasing power.

She also believes that the price of oil is key, and that its process will be like an ongoing ratchet, up and down, but on an upward slope, due to ongoing recessions and small recoveries, as well as the peak cheap oil process.

In the interview with Puplova, she also indicates that whoever wins the 2012 election will be winning a "poison chalice", as the economy will be much worse after the election.

When I mentally substitue the word "asset debt deflation" when she says "deflation", a lot of what she says makes sense.

[don]

Re: Jim Puplava & Nicole Foss

I've read Nicole Foss for a while. She uses different terminology, but the process and end results she talks about are erily similar to iTulip in many ways.

She posits that since so much purchasing is done via credit today, that the loss of credit availability will exacerbate an ongoing debt deflation, by which she means the decline of asset prices. She also says that while asset prices decline, the purchasing power of the dollar will decline even further, so that this debt deflation of assets will not be like the 1930's, as it will not "swell" our purchasing power.

She also believes that the price of oil is key, and that its process will be like an ongoing ratchet, up and down, but on an upward slope, due to ongoing recessions and small recoveries, as well as the peak cheap oil process.

In the interview with Puplova, she also indicates that whoever wins the 2012 election will be winning a "poison chalice", as the economy will be much worse after the election.

When I mentally substitute the word "asset debt deflation" when she says "deflation", a lot of what she says makes sense.

Agree. In her case deflation is a poor choice of words, loaded as it has become.

[Slimprofits]

Re: Jim Puplava & Nicole Foss

Your message box is full, Don, so posting this here:

author/writer recommendation

http://www.alternet.org/authors/8525

http://www.joebageant.com/joe/essays/

enjoy

unfortunately (or maybe for him, fortunately) he died in 2010