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Why Are Disgraced Economists Carmen Reinhart and Kenneth Rogoff Still Promoted by the Media?

I first began my mission helping investors steer clear of Wall Street because I learned first hand how the game was played after having worked in the industry. 

My mission has been to help investors become more knowledgeable and successful by providing cutting-edge investment research as well as top-notch educational content. I think I've done quite well in that regard. 

Unfortunately, most people have forgotten how critical it is to know the credibility and reliability of the sources they choose to follow.

Instead of checking credentials and track records, they go by the number of likes, fake comments and reviews and heresay from people they have no idea about. 

Those who are unfamiliar with me can find out more about my credentials, my background, as well as my investment research track record herehere, and here.

The reader can examine my track record of predicting the 2008 financial crisis and enabling investors to capture life-changing profits by checking herehere, here, here, here, here, here, here, here, and here.

Putting Global Debt into Proper Context

Fiscal stimulus totaling $14 trillion related to the coronavirus pandemic has swelled global public debt to an estimated 98% of GDP in 2020.

While this is certainly concerning, keep in mind that as GDP growth recovers, this measure of debt will decline.

Furthermore, this high level of debt does not imply an imminent collapse in output as was previously thought by establishment economists. In order to better understand this claim, some background will be helpful here.

The 2008 financial crisis caused economies to suffer from the greatest collapse in output since the “Great Depression.” The post-crisis period was particularly challenging for the European Union (EU).

As you will recall, many EU member nations faced a sovereign debt crisis threatening to topple these nations. This period was very significant because it had the potential to create sufficient momentum needed to dissolve the EU. This is something the establishment would do anything to prevent.

Viable solutions were needed to deal with the drastic economic conditions seen in Ireland, Spain, Portugal, Italy, and Greece.

Two establishment economists at Harvard University, Carmen Reinhart and Kenneth Rogoff used their influence convince government officials that the best solution for the economic collapse faced by the EU was to impose austerity in order to reduce high levels of government debt.

The push for austerity would later gain support in Washington based on the conclusions made by Reinhart and Rogoff.

The argument for austerity was based on a 2010 research paper by Carmen Reinhart and Ken Rogoff. The paper concluded that nations with a debt-to-GDP greater than 90% were likely to face a severe drop off in economic growth due to a higher percentage of government revenues going to service debt obligations.

Thereafter, the credit rating of nations with these debt levels was expected to plummet, leading to very high refinancing rates (we published written and video presentations pointing to the most important factors leading to a sovereign debt crisis; see 2012 Mid-Year Global Economic Analysis, p.p. 169-182; see Global Economic Analysis: The Big Picture video presentation, December 23, 2011). 

With EU officials searching for ways to deal with distressed economies of its member nations, the conclusions made by Reinhart and Rogoff were used to justify harsh austerity measures in Europe. The results were devastating. Strangely, the research paper by Reinhart and Rogoff was never even peer reviewed.

By 2013, the conclusions made by Reinhart and Rogoff in their 2010 paper were debunked by an economics graduate student who merely tried to recreate the conclusions reported by Reinhart and Rogoff after going through the same data.

The biggest problem with the research study from Reinhart and Rogoff was their selective use of data which altered the results of the study. 

By the time Reinhart and Rogoff’s paper had been debunked the damage had already been done in Europe. The IMF held its ground imposing continued harsh austerity measures in Greece and other EU member nations.

In short, Carmen Reinhart and Kenneth Rogoff were guilty of not only intellectual fraud but also academic fraud. Their efforts to deceive officials created an enormous opportunity for Wall Street and other investors to essentially steal assets from several EU member nations at pennies on the dollar (see “The Rape of Greece by the Jewish Bankers”).

Reinhart and Rogoff never faced any penalties as a result of their actions because their fraudulent research enabled vultures to feast on prey. They never even lost influence as establishment economists. This is a topic I discussed (casually) several times over the past decade because it provides a critical lesson in understanding who controls things and how control is exercised.

Fast forward to the present day. Rather than being shunned as disgraced economists, Reinhart and Rogoff are back at it again, crying wolf as a result of the high global debt burden.

The point is that while the global debt is certainly worrisome, it’s not something by itself that is expected to create a problem. The impact of a high debt burden arises primarily in the event that another systemic crisis appears.

 

Mike Stathis might be the only true investment analyst with no vested interests in his insights and recommendations. Unlike other investment professionals, his firm does not sell or promote securities or any other type of investment, nor does he sell or promote gold, silver, real estate, alternative investments or funds.
Moreover, unlike most financial professisonals who spend much of their time and effort in the media, Mike's insights and recommendations do not serve as marketing pitches to generate investment clients from the retail public. In addition, his website and other media used by his firm has never sold advertisements or endorsed any products. 

It is critical to understand and always remember that no legitimate source that provides credible content sells advertisements or provides endorsements. These are the kinds of shady activities that charlatans and influencers are involved with. If you do not fully understand why this is the case, we invite you to examine the more than 500 articles, videos and audios explaining why, providing specific examples. 

Finally, MIke is neither a perma-bear nor perma-bull.  Yet, he has successfully guided his clients out of major stock market collapses, including the 2008 financial crisis towards the top, while making sure to get them back in at the bottom to enjoy the longest bull market in history. As such he is the only expert in the world we know of who has accurately predicted the ups and downs in the stock market over the past twenty years (the time he has served as a research analyst and investment strategist) and whose insights are pure and detached from vested interests. 
His research is untainted and cutting-edge. If you have been fortunate enough to have been the beneficiary of his research you are likely to agree that the results of his analysis and recommendations  have been short of remarkable.  

View Mike Stathis' Track Record herehereherehereherehere and here.

We have documented, time stamped publications backing the results in the following charts.

Most of the material shown in the following charts can be found in our track record links (see the links below).

We have documented, time stamped publications backing the results in the following charts.

Most of the material shown in the following charts can be found in our track record links (see the links below).

We have documented, time stamped publications backing the results in the following charts.

Most of the material shown in the following charts can be found in our track record links (see the links below).

We publish four (4) monthly research publications which provide the highest quality analysis (without any of the BS) found anywhere:

 

Stathis Shows Ackman, Soros And Bass Who The Boss Is

Mike Stathis Predicts Sears' Demise (along with Radio Shack and JC Penny) Years Ago While Exposing CNBC Idiots

INTELLIGENT INVESTOR (track record links)

Mike Stathis Warned About the 2022 Bear Market Before it Began

Can You Beat the S&P 500 Index? You Can If You Have Access to Our Research

Mike Stathis Predicted the Coronavirus Bear Market and Nailed the Bottom

Mike Shows You How to Make 100% in 2 Weeks and 200% in 6 months

Did You Own the Best Stock of 2016? Intelligent Investors Did

Mike Stathis is the Only Person to Have Nailed the First and Second Interest Rate Hikes

Mike Stathis Nails the Stock Market Breakout from November 2016 Months in Advance

Our Interest Rate Forecasts Have Yielded HUGE Gains 

Mike Stathis Was The Only Person To Have Nailed The First Rate Hike

Our Clients Avoided Being Exposed To The Market Collapse

Mike Stathis Predicted The August 2015 Stock Market Collapse

Guess Who Advised His Clients To Go To Cash BEFORE The Market Collapse?

The Media Has Banned The World's Leading Investment Forecaster

World's Best Market Forecaster Continues To Be Banned By The Media Crooks

Stathis Nails The Dec 2014 Market Selloff With Stunning Accuracy

Mike Stathis MUST Have A Crystal Ball. He Nailed The Market Correction AGAIN (excerpts only)

Excerpts Of The October 2014 Economic And Securities Supplement Audio 2

Who Do You Think Nailed the Latest Market Selloff AGAIN?

Stathis Nails the Market Correction in April 2014

Mike Stathis Nails The Stock Market Correction AGAIN, Top To Bottom

Where Is The Stock Market Headed? Let's Ask The World's Best Market Forecaster

Stathis Nails the Gold & Silver Trade Again

We Predicted The Market Selloff Yet Again

We Nailed The Gold Breakout

More Proof Wall Street Research Is Useless

ANOTHER Security From Our Recommended List Gets Bought Out

We Predicted The Market Correction AGAIN

Does AVA Investment Analytics Have Insider Information?

We Pin-Pointed the Past Two Market Tops And Bottoms

Does AVA Investment Analytics Have Insider Information?

4-Day Gains of 30% for 2011 and 2010 Performance

Another Huge Winner in a Few Weeks

Newsletter Stock Recommendation Soars More Than 25% in Just 3 Days

Can a Book Serve as a Crystal Ball?

Since The Market Lows, Only One Man Continues To Shine

Mike Stathis' Near-Perfect Market Forecasting Record

Another Security from the Intelligent Investor Soars

How to Short Stocks: Critical Lessons from the Intelligent Investor

The Case for Market Timing

Mike's Top 3 Stocks for Long-term Growth

Where Is The Stock Market Headed?

 

DIVIDEND GEMS (track record links)

Mike Stathis is the Only Person to Have Nailed the First and Second Interest Rate Hikes

Dividend Gems Subscribers Are Treated To Yet ANOTHER HUGE BUYOUT - Kraft

Dividend Gems Scores Another Huge Winner

Dividend Gems Scores ANOTHER Huge Payday

We Sold CenturyLink BEFORE It Collapsed

Warren Buffett Follows Our Lead On Heinz

Did You Own The BEST PERFORMING Stock In 2011? WE DID

Dividend Gems Destroys The S&P 500 Index AGAIN

Dividend Gems Holds Up As The Stock Market Collapses

Dividend Gems Continues To Smash The S&P 500 Index

Dividend Gems Outperforms Again

Dividend Gems Shines As The Market Corrects

The Impressive Performance Of Dividend Gems

 

MARKET FORECASTER (partial list; see this link for more)

Mike Stathis is the Only Person to Have Nailed the First and Second Interest Rate Hikes

Mike Stathis Nails the Stock Market Breakout from November 2016 Months in Advance

Our Interest Rate Forecasts Have Yielded HUGE Gains

Mike Stathis Was The Only Person To Have Nailed The First Rate Hike

Our Clients Avoided Being Exposed To The Market Collapse

Mike Stathis Predicted The August 2015 Stock Market Collapse

Guess Who Advised His Clients To Go To Cash BEFORE The Market Collapse?

The Media Has Banned The World's Leading Investment Forecaster

World's Best Market Forecaster Continues To Be Banned By The Media Crooks

Stathis Nails The Dec 2014 Market Selloff With Stunning Accuracy

Mike Stathis MUST Have A Crystal Ball. He Nailed The Market Correction AGAIN (excerpts only)

Who Do You Think Nailed the Latest Market Selloff AGAIN?

Stathis Nails the Market Correction in April 2014

Mike Stathis Nails The Stock Market Correction AGAIN, Top To Bottom

Where Is The Stock Market Headed? Let's Ask The World's Best Market Forecaster

Market Guidance: Past, Present And Future  (pre-newsletter, also see America's Financial Apocalypse)

The Case For Market Timing

A Lesson In Market Forecasting

Where Is The Stock Market Headed?

We Pin-Pointed The Past Two Market Tops And Bottoms

We Predicted The Market Correction AGAIN

Mike Stathis' Near-Perfect Market Forecasting Record 

Since The Market Lows, Only One Man Continues To Shine 

AVAIA Market Forecast And Recommendations SPOT ON, AGAIN

We Predicted The Market Selloff Yet Again

COMMODITIES, CURRENCIES & PRECIOUS METALS FORECASTER (track record links)

February 7, 2011

Excerpt from February 2011

August 5, 2013

August 19, 2013 Update

 

WTI & Brent Crude:*

August 5, 2013

August 19, 2013 Update

 

Henry Hub Natural Gas:*

August 5, 2013

August 19, 2013 Update

 

Gold & Silver:*

Mike Stathis Nails The Gold And Silver Trade Again (Oct - Nov 2015)

Guess Who Nailed The Most Recent Gold Trade AGAIN

Mike Stathis Nails The Latest Gold & Silver Trade (Jan-Feb 2015) Updated

Stathis Nails The Gold & Silver Selloff AGAIN - Jul - Sep 2014

March 25, 2013 Gold Analysis & Forecast

August 5, 2013

August 19, 2013 Update

The REAL Precious Metals Expert Shows You How it's Done

Stathis Nails the Gold & Silver Trade AGAIN

August 2012 - We Nailed The Gold Breakout

 

Mike Stathis Sets The Record Straight And Cleanses Your Mind

 

Other Videos Showing Stathis' Track Record

Proof That Mike Stathis Has The Leading Track Record On The Economic Collapse

Stathis Nails The Dec 2014 Market Selloff With Stunning Accuracy

The Media Has Banned The World's Leading Investment Forecaster

World's Best Market Forecaster Continues To Be Banned By The Media Crooks

Mike Stathis MUST Have A Crystal Ball. He Nailed The Market Correction AGAIN (excerpts only)

Mike Stathis Nails The Stock Market Correction AGAIN, Top To Bottom

Where Is The Stock Market Headed? Let's Ask The World's Best Market Forecaster

FACT: Mike Stathis is the leading expert on the economic collapse.

He has enabled his clients to profit BEFORE, DURING and AFTER the collapse.

No One in the world can match his track record from 2006 to current and he has backed that claim with a $100,000 guarantee which was expanded to a $1 million guarantee. 

The first thing you might want to do before continuing is to watch the video on this page. CLICK HERE.

View Mike Stathis' Track Record here, herehere, here, here, here and here.

The following list contains only a tiny portion of accurate macroeconomic forecasts and predictions made by Mike Stathis (verified by published research):*

  1. Collapse of Brazilian Economy (2011 - 2017, with bearish guidance for EWZ through early 2016)
  2. Collapse of Petrobras (2014)
  3. Collapse of Latin America (2013)
  4. Outperformance of India (late 2013-2015 and 2016-2017)
  5. Collapse of Greece 2009 (May)
  6. Deflation in EU for up to two decades (2011)
  7. Collapse of Commodities Market (2011)
  8. Collapse of Canadian dollar (2014)
  9. Collapse of Australian dollar (2014)
  10. Collapse of Brazilian real (2012-2015)
  11. Outperformance of the US dollar (2014 -2015)
  12. Collapse of gold and silver 2010-2011, with bearish long-term view
  13. ECB would begin a quantitative easing program (2012)
  14. Extremely accurate trading guidance for gold and silver (since inception of precious metals trading research, 2012-2017)
  15. Extremely accurate trading guidance for US dollar vs euro, yen, franc, real  (since inception of foreign currency trading research, 2012-2016)
  16. Estimated 85% accuracy rate for commodities (and gold & silver) trading guidance (2012-2016)
  17. Estimated at more than 95% accuracy in US stock market forecasting (timing and major moves top and bottom, 2008-2017)
  18. The complete up and down cycle of interest rate hikes and cuts in Brazil from 2012-2017
  19. Predicted Brazil would cut interest rates to a new record-low (2017)
  20. China would experience deflation as its economy weakened (2013, Global Economic Analysis, Brazil Part 3 Nov 15, 2013)
  21. China would cut interest rates to record lows (2014)
  22. China's stock market bubble (predicted Dec 2014 and Jan 2015)
  23. Japan's recession (2014)
  24. Warned that the emerging markets would collapse (2011-2012) due to capital outflows
  25. Warned that Brazil would lead the way in the EM collapse (2011-2012)
  26. Brazil's recession (2013-2016)
  27. EU's recessions (2011 and 2013)
  28. QE by the ECB (2013) and expansion of QE (2015)
  29. Collapse of China's stock bubble (June 2015)
  30. Collapse of interest rates in China to new record lows (2014)
  31. Downgrade of Brazilian Sovereign Debt to Junk
  32. First US interest rate hike after the financial crisis in December 2015 (predicted in 2014 and never changed the forecast)
  33. Predicted in 2015 Fed would raise interest rates by 25bp in December
  34. Predicted US interest rates would not be raised in June, July and probably not even September 2016 in contrast to Federal Reserve claims in early 2016 (March-June 2016); we leaned towards December as the first and only interest rate hike in 2016.
  35. Predicted 3 interest rate hikes in the US for 2017 well before the street or the Fed. 
  36. Warned that the long-term viability of the EU was at risk due to economic and societal issues (2009).
  37. Stated that at best, the EU would consist of a much different membership by 2020 due to defections and new additions (2010-2012), but long term would probably not succeed to the extent that the membership would eventually be so different than current that it would effectively be considered a failure.
  38. Predicted most of the debt downgrades in EU nations several months prior to the downgrades (2010-2012)
  39. Predicted that Japan would NOT face a sovereign debt crisis in the foreseeable future due to a variety of issues (2011)
  40. Predicted a long period of global deflation (2012).
  41. Predicted inflation in Brazil due to capital flows (2010).
  42. Predicted third rate hike in nearly a decade by the Fed on March 2017 (late February 2017). 

 

* these forecasts do not include the accuracy of market forecasts and securities guidance provided in the research.

Newsletter Performance Highlights: 

[1]   [2]   [3]   [4]   [5]   [6]   [7]   [8]   [9]   [10]   [11]   [12]   [13]   [14]  [15]  [16]  [17]  [18]  [19]  [20]  [21]  [22]  [23]  [24]  [25]  [26]
         

Video Presentation Highlights: 

[1]  [2]  [3]  [4]  [5]  [6]  [7]  [8]  [9]  [10]          

The links discussing the results of the video presentations above pertain to two video series published in April 2012 – “20 Stocks Over $100” and “60 Stocks Poised for HUGE Moves”

Note: several additional winners from these presentations that have not been included here for lack of time.

In the past, we also gave away some nice freebies as well:

[1]   [2]   [3]   [4]   [5]   [6]   [7]   [8]   [9]   [10]  [11]   [12]   [13]   [14]   [15]   [16]  [17]  [18]  [19]

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