July 5, 2012 – “I think people are missing the big story here…France and even more so in Italy, yet everyone is looking at these interest rates in Spain,” says Mish Shedlock, Sr. Editor and Founder of the widely read Global Economic Trend Analysis (GlobalEconomicAnalysis.blogspot.ca). Mish’s blog has received accolades and recognition for its financial and economic analysis from Bloomberg, Time Magazine, the New York Times and CNBC. In 2011, Strategist News ranked Mish’s blog among its Top 50 Business Blogs. In this interview, Mish talks with Tracy Weslosky, CEO of ProEdgeWire (ProEdgeWire.com) about global economic conditions with a focus on Italy, Germany, France and Spain. He gives investors insight into Italy’s Five Star Movement and shares his thoughts about why it’s the “the big thing coming up in Europe.” Mish also elaborates on how the Euro will impact the US export markets. An influential financial blogger, Mish is also a Registered Investment Advisor Representative at Sitka Pacific Capital Management.
Economic Rock Star Mish Calls for a Debt Deflationary Crash
July 5, 2012 — “I’m calling for a debt deflationary crash,” says Mish Shedlock, Sr. Editor and Founder of Global Economic Trend Analysis (GlobalEconomicAnalysis.blogspot.ca). In this video, Mish talks with Tracy Weslosky, CEO of ProEdgeWire (ProEdgeWire.com) about timely factors affecting the US economy and explains term debt deflationary crash. Mish also talks about why Stockton, California recently filed for bankruptcy. Highlighting the city’s unpaid liabilities, Mish says, “The largest bankruptcy ever and it all came about because of promises made to political unions.” Mish says investors are “ignoring the collapse in credit which is actually what is driving the economy.” Investors also learn about fiat credit-based financial systems. With economic uncertainty, debt and banks more conservative than ever, Mish also gives his outlook on the gold market.