Potential Energy

“In chaos, there is fertility.” [The Wiggin Sessions] October 22, 2022 [WEBSITE]( | [UNSUBSCRIBE]( Potential Energy “In chaos, there is fertility.” - Anais Nin [Addison Wiggin] Addison Wiggin Dear Reader, We wanted to feel like events were going to boil over this week. “Something’s gotta give,” we thought a few times while watching the markets. But… the tension remains pent up, don’t you think? You can write to us [here.](mailto:WigginSessions@5minforecast.com) with your thoughts. I’d urge you to watch our Session this week with [James Howard Kunstler]( former reporter at Rolling Stone magazine and author of The Long Emergency. His ideas about technology and economic change are candid… and eminently prescient. Also don’t miss our analyses of the “dead cat bouncing,” the sacking of UK PM Liz Truss, and our take on Environmental, Social, Governance (ESG) plays below. --------------------------------------------------------------- 17 October 2022 [The Times They Are a-Changin’]( [Click here to learn more]( [This week on TWS:]( My good friend, James Howard Kunstler. Jim is a prolific author of both fiction and non-fiction books, a fellow bootleg podcaster and a serial blogger. He was a former writer at Rolling Stone Magazine. His 2008 novel, World Made By Hand, was the first in a series of fiction novels imagining an American future post-oil. His latest book is titled: Living in the Long Emergency: Global Crisis, the Failure of the Futurists, and the Early Adapters Who Are Showing Us the Way Forward. All of his work is hosted on his website: Clusterf*ck Nation. In this session we jammed about… [Continue reading…]( --------------------------------------------------------------- 18 October 2022 [Trading Sideways]( [Click here to learn more]( Bank of America earnings “suggest U.S. consumers remain strong and active,” the New York Times reports. “If there are signs of an impending recession in the United States,” writes Emily Flitter, “they are hard to find in Bank of America’s quarterly earnings report released on Monday.” We might claim that an uptick in consumer spending is actually not a good sign– it means we’re just printing our way through inflation rather than letting a “growth recession” accomplish the healing it is meant to. Our own on-the-ground R & D – “scuttlebutting” as the American investor Phillip “Fish” Fisher called it – shows people are waiting for that “Big Bottom” for tech stocks, crypto, and gold. Lo and behold the day when gold is lumped in with these new wave assets… [Continue reading…]( --------------------------------------------------------------- 19 October 2022 [The Herd Is Restless]( [Click here to learn more]( “On the plus side,” says Nick Colas of DataTrek Research, “corporate earnings season may help investor confidence somewhat, just given current oversold conditions and reduced expectations. That should help equities keep their footing, but until we see 2-year and 10-year yields start to decline we think traders and investors should remain wary of expecting too much from this rally.” The 10-year Treasury yield jumped to 4.1%. And we at the Agora Companies shake our heads again at volatility. Investor confidence is always a beast, and a clumsy one at that. “You have this phenomenon going on,” comments Agora founder, Bill Bonner. “You can't analyze it the same way you can analyze a financial cycle because it's largely psychological. It's group think. It's a collective impulse.” [Continue reading…]( --------------------------------------------------------------- 20 October 2022 [We Hardly Knew Her]( [Click here to learn more]( Apparently, she’s no Iron Lady. Before quitting her job today as prime minister, the British tabloid The Daily Starbegan a livestream of a head of lettuce and a picture of Truss on a table to determine who would wither first: the fresh produce or Truss’s time as prime minister. She only lasted in the cushy seat at 10 Downing Street for 44 days. The shortest tenure of any prime minister in history. We did a little math and discovered Thatcher had been prime minister for 4,223 days – the longest of any prime minister. At that time the late Queen Elizabeth still shuffled her way about Buckingham Palace. “Congrats to lettuce,” tweeted Dmitry Medvedev, the deputy chairman of Russia’s Security Council. [Continue reading…]( --------------------------------------------------------------- 21 October 2022 [Go Woke, Go Broke?]( [Click here to learn more]( We “will not have our [Canadian] resources landlocked or our energy phased out of existence,” vowed Danielle Smith, the new Premier of Alberta. “Especially by virtue-signaling prime ministers.” Smith went on to blast Canada’s Environment Minister, Steven Guilbeault, saying “he’s done nothing but attack our industry.” She also said Alberta will send its own delegation to the COP27 climate meeting next month. It’s about time, eh? [Continue reading…]( --------------------------------------------------------------- Enjoy your weekend, [Addison Wiggin] Addison Wiggin Founder, The Wiggin Sessions Sponsored by Stansberry Research [Click here to learn more]( “Get Your Money Out of U.S. Banks Immediately” Wall Street legend is urging Americans to prepare for a historic financial reset in 2023. Get out of cash and into a new vehicle 50 years in the making. [MORE HERE](. Ed note: Got something to say? Send your feedback to The Wiggin Sessions [here.](mailto:WigginSessions@5minforecast.com) LISTEN ON [The Wiggin Sessions]( The Wiggin Sessions is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Consilience, LLC. delivering daily email issues and advertisements. To end your The Wiggin Sessions e-mail subscription and associated external offers sent from The Wiggin Sessions, feel free to [click here.]( Please read our [Privacy Statement.]( For any further comments or concerns please email us at support@5minforecast.com. If you are having trouble receiving your The Wiggin Sessions subscription, you can ensure its arrival in your mailbox by [whitelisting The Wiggin Sessions.]( © 2022 Consilience, LLC. 808 Saint Paul Street, Baltimore MD 21202. 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