The Weekly Perspective with David Morgan 08.20.17

Deep sub-prime auto loans are starting to go critical. Newcomers are getting hit. Used car prices are crashing. People are buying newer more recent lower mileage used cars. This sector's problems will portend bigger problems for the economy. High yield, junk bonds are going down. Credit default swaps prices are going higher. Beware of counter-party risks. Department store sales are also declining steeply. US stock buybacks are plunging, stocks still going higher, but for how long? Risk is getting higher and higher. It doesn't happen all at once, but eventually it will happen. It might be getting old, but the system is in trouble. Will equities start coming down and watch precious metals have their day? Soon to find out. Good time to be a miner, sooner rather than later. Solar power demand will outstrip demand for silver if it continues growing at the present rate. Even if solar panels increase by 400 percent! Solar panel waste will become a major concern in the next decade as today's panels wear out. Solar panels aren't an efficient way to generate electricity. All that's green does not glitter. Digitization of all assets by the Chinese under way. 

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