Dave Kranzler and Craig Hemke get together to discuss the stock market, Deutsche Bank, Tesla, gold, silver, and a whole lot more…
“If you adjusted the current S&P 500 earnings stream using the same GAAP accounting standard that were applied in 1999, the current S&P 500 P/E ratio – expressed in 1999 GAAP accounting terms – would be the most overvalued in history.”
“Deutsche Bank is a zombie bank that would have blown up in 2012 if the Bundesbank, ECB and German Government hadn’t bailed it out.”
“Elon Musk used a Halloween bag full of accounting tricks to generate GAAP ‘net income.’” The fact remains that Tesla is closer to insolvency this quarter than it has been at any point in the history of the Company.
“Mining stocks are cheaper now in relation to the S&P 500 and to the price of gold than they were at the bottom of the 20-year gold bear market in 2001”
You can listen to my conversation with Craig “Turd Ferguson” Hemke by clicking this link.
If you are interested in ideas for taking advantage of the inevitable systemic reset that will hit the U.S. financial and economic system, check out either of these newsletters: Short Seller’s Journal information and more about the Mining Stock Journal here: Mining Stock Journal information.