Summary: Nov. 17th, 2017 Featured GuestsJohn Williams & Louis Navellier Aalphabetical guest order - seniority.Please Listen Here Show Highlights Alternative economist, John Williams of Shadowstats.com sees economic Armageddon on the horizon.Over $100 trillion in US obligations make maintaining the national debt, impossible. The actual inflation rate that most people experience is much higher than the official figure, which boosts revenues by hundreds of billions of dollars. Despite protests to the contrary, the real unemployment rate remains stubbornly elevated (Figure 1.1.). Our guest rejects the notion of domestic economic recovery - he expects quantitative easing (QE) to resume with gusto, leading to runaway inflation and elevated gold prices. John Williams anticipates dollar selling and weaker economic conditions to send US share indexes lower in 2018.Louis Navellier of Navellier & Associates says investors should ignore the naysayers, US equities will rally into the holiday season.Investors cannot shake their insatiable appetite for equities dividend payments, creating a self-fulfilling prophecy of ever higher prices. The flattening yield curve suggests that the upcoming FOMC quarter point rate hike slated for December, will likely be the last of the cycle. Given the host's forecast of 24,000 by 2018 and Louis Navellier's growth estimate of 11%; upgrades are examined via the Navellier Rating Service. Companies reviewed include Insurance company Aflac, Prudential (PUK), Bristol Myers (BMY) and Phillips 66 (PSX) as solid dividend paying candidates, and China's Twitter company Weibo (WB) (figure 1.1.). Louis Navellier advises each portfolio hold at least 4-8% gold as a ballast to right the portfolio amid tepid financial conditions. Our guest is concerned that extensive use of robotic trading on Wall Street could lead to another 2015-style flash crash.
