Juggling Dynamite

Good big picture discussion in this segment.

When today’s guest was last on this program in early February, he warned that markets were “in La La Land” — meaning they were too optimistic at a time the macro data was warning of an approaching recession. Well, here we are, a quarter later and — after swooning for a month and a half — the S&P has powered back to exactly where it was when he gave his warning. It’s in rally mode despite the macro data raising even more recessionary alarm bells — that, plus, we’ve experienced several systemic scares since February, including the collapse of sizable banks Credit Suisse and SVB. Are the markets seeing true upside here that the bears are just missing? Or are the markets simply seeing what they hope to see & ignoring reality, setting themselves up for a painful reckoning? For a detailed exploration into these key questions, we welcome Alf Peccatiello, publisher of the Macro Compass and former bond portfolio manager, back to the program. Here is a direct video link.

Mark Z. Jacobson’s latest book No Miracles Needed. How today’s technology can save our planet and clean our air lays out the facts on why and how we transition to more efficient, cheaper, cleaner energy. He offers an excellent overview in the presentation below and answers common questions and concerns at the end. Well worth listening!

Understand the many clear benefits of renewable energy options over the risks of damaging and expensive fossil gas-fired electricity expansion. And that existing renewables function reliably at large scale as already proven and functioning in other countries.Here is a direct video link starting at 16:20 on the play bar.

The summary below shows the renewable blueprint for Canada which reduces our overall energy demand by 63% and creates net new jobs compared with our current systems.

Believe it or not, the violent monetary tightening of the last 13 months has only started to be felt throughout the economy. Job losses are just beginning to drive the lagging unemployment rate up from cycle lows. As risk markets rebounded of late (again) in the prospect of coming rate cuts, the credit crunch lies not behind but ahead.

Danielle DiMartino Booth, CEO and chief strategist of QI Research, returns to Forward Guidance to share her findings on the problems brewing in commercial real estate, the collapse in money supply (M2) growth, and her updated views on the auto and housing markets. Here is a direct video link.