July 23, 2012
Welcome to Capital Account. As stocks fall, volatility spikes, perceived safe haven yields hit record lows, potential criminal Libor charges loom, and headlines tout “Global Economy in Worst Shape Since 2009,” a large group of investors are meeting in Vancouver for the Agora Financial conference. The theme of the conference is ‘Innovate or Die: Empire at a Turning Point.’ We check in with the organizer, Eric Fry, Editor of the Daily Reckoning and Chief Investment Strategist at Agora Financial to find out why high profile investors and economic experts see such high stakes and what answers they may have. Also, with new lows for treasury yields, the US government has never borrowed this cheaply. We talk to Eric Fry about what the indebted US may learn from the extinction of the Irish Elk. With major Italian cities on the verge of collapse and residents taking to social media to demand return of the Lira, we talk to blogger extraordinaire Mike “Mish” Shedlock about what lies ahead for Europe.