She's concerned by the crumbling US infrastructure and lack of constructive efforts to rectify the situation.
Whereas, China continues to pour funds into its infrastructure On a trip to China she discovered that 80% of the legislature is written by economists / engineers, while 90% of US legislation is dictated by attorneys.
Investment in infrastructure will determine if the bifurcated economy unites as a viable competitive engine.
The former Wall Street maven says US stocks are overdue for a correction.
The US dollar rally, fomented by the Fed rate hike policies, could jeopardize the global equity market advance.
Arch Crawford, head of Crawford Perspectives, is sticking with his dire prognostication for the rest of 2015.
The stock market could face severe consequences, amid market manipulation.
The M2 money supply velocity figure has collapsed to the lowest level on record, since first tabulated in 1959, suggesting that the trillions in Fed debt purchases has done little to stimulate economic output.
Institutions are simply parking cash in less risky investments amid severe market manipulation (Figure 1.1.).
Given the ominous "death cross" seen in the non-confirmation of the transports sector relative to new highs in the Dow Jones Industrials.
Arch says the market top is in place and no new highs are likely.
His prediction is dire, modern civilization hangs in the balance as a Kondratiev Winter-like scenario leads to the end of most financial markets.
At the root of the systematic problem is the fractional banking system, which prints money into existence at will with limited to zero oversight.
Nevertheless, cooler heads may prevail - the host shares his market ontology, coining the pun, "blog-o-fear," a play on blog-o-sphere, as fear sells and far too many pundits are making bearish calls.
Most market peaks are accompanied by euphoria and or complacency.
Chris welcomes Avi Gilburt, from Elliott Wave Trader in his debut on the show.
His team specializes in identifying the tops / bottoms of key market trends. According to his Elliott Wave count-analysis, gold could ascend beyond $25,000.
Gold equities indexes by 50 fold, over the next few decades.
His near-term perspective includes the precious metals sector (PMs) recording a nadir within the next 6 months, resulting in a multi-year bull market.
Investors were displeased with the recent FOMC decision, selling US equities last week.
Avi outlines his outlook on the US equities market, noting a minimum downside target has been met, but the bottom is not yet firmly in place.
Once the correction passes in the next month or so, his forecast suggests the remarkable 6 yearlong, equities market rally will resume.
He's watching WTIC for a retest of the lows before adding a position to the long-term portfolio.
Avi Gilburt: Avi is founder of ElliottWaveTrader.net, a live trading room and member forum focusing on Elliott Wave market analysis. Avi emphasizes a comprehensive reading of charts and wave counts that is free of personal bias or predisposition. A lawyer and accountant by training, he is also managing member of Gilburt Financial Services, LLC, which provides financial markets analysis and consulting. His Elliott Wave analysis appears frequently on sites such as MarketWatch, Minyanville, and SeekingAlpha, where he is a certified contributor.
Catherine Austin Fitts served as Managing Director and Member of the Board of Directors of the Wall Street investment bank, Dillon, Read & Co., Inc. Catherine served as Assistant Secretary of Housing/Federal Housing Commissioner at HUD in the first Bush Administration and was the President and Founder of Hamilton Securities Group, Inc., a broker-dealer/investment bank and software developer that successfully completed $12 billion of transactions and $500 billion of portfolio strategy prototyping the solari model. Catherine has a BA from the University of Pennsylvania, an MBA from The Wharton School, and studied Chinese at the Chinese University of Hong Kong. Catherine serves on the board of the Gold Anti-Trust Action Committee and publishes a column, Mapping the Real Deal, in Scoop Media in New Zealand.
Arch Crawford
Stockmarket Cycles
Arch Crawford cut his technical analysis teeth as first assistant to top Wall Street technician Robert Farrell at Merrill Lynch in the early 1960s. In 1977, following Arch’s extensive research into astrophysical phenomenon, astrology and its correlation to market performance, he edited and published the premiere issue of Crawford Perspectives market timing newsletter.
Today, nearly 40 years later, Crawford Perspectives continues to bring readers one of the most highly regarded and consistently accurate market timing newsletters available.
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