Marc Faber was interviewed on the Financial Sense Newshour on 15th July 2011. It’s a long one, but it’s definitely worth a listen. As usual, we’ve included a summary below for our readers who don’t have the time to sit through the entire video.

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An update of the weekly Federal Reserve balance sheet charts for 17/7/11. There wasn’t a great deal of change since last week given that the torrential balance sheet expansions involved with the quantitative easing program have been halted for now. ‘Other Federal Reserve Assets’ reached a record this week, indicating that there’s no shortage of funny business at the Fed…

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The other day, we posted videos of David McAlvany’s interview with Felix Zulauf (of Zulauf Asset Management). He had some fantastic thoughts on global economic and investment trends. An insight that really resonated with us was along the lines of (paraphrasing):

 

One should have a defensive long-term position, and one should trade the bullish and bearish sides over the medium term.

 

We are inclined to agree, and we think that the ‘inflation vs deflation’ indicators below can be useful in this respect. Here, we present the latest update of these indicators.

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Ok, so we’ve rebounded sharply off the pessimistic lows of mid-June, yet the secular and medium-term pictures remain bearish. What does this mean for the ever-allusive task of short-term timing? Well, taking the daily treasury statement charts at face value, one might conclude that we might see one more retest of the May high before seeing another bout of market stress.

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Jim Rogers was interview by Reuters on 13/7/11. He spoke about his positions, commodities, the Euro and central banking. See below for the video & summary.

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