Summary: Massive respect for these guys (commitment and analysis) but are they losing it?
o Loads of information and articles on their web-site, plus a weekly "radio" (mp3) show.
o One of the best sources of information on markets. Lots of broadcast and article guests so a good single point of information.
o Always been keen to analyse the bigger picture and been pretty good at it coming into this crisis.
o Lose their way sometimes (e.g. Oreilo (sp?) theory, constantly moving oil price targets, etc).
o Seem a bit blinkered currently with inane emphasis on definitions of inflation/deflation, peak oil, etc.
o Jim is a fund manager and was wrongly (in my view) criticising "mark to market" this week (presumably being hit) - too biased?
o They seem to be struggling a bit to fully appreciate what is happening (e.g. took a while to mention deleveraging).
o Will always remain a favourite but I no longer believe or trust all they say (which is a good lesson).
Certainly agree with your assessment here.
Been listening for many years and at one point believed they could be on the right track (still do with peak oil).
But they are losing it on economics and are failing to keep up with what is happening.
JP must be under lots of pressure given what is happening to his portfolio. His junior golds are just getting hammered and it'll be interesting to see how he explains away his call for a new high in the Dow this year.
(His portfolio is available on this site)
JP's mate John is also losing it: "This is not deflation it's deleveraging" was a comment that many here could have taken him up on.
Still good listening though, just waiting for the day he admits deflation is a possibility.
The rising star must be Mish.
He's a smart cookie and willing to argue deflation live against anyone and has come out on top against Janzen and Schiff in my opinion.
He once offer JP a bet I recall (something to do with some steaks) - JP did not respond.
JP is a great talker but not a great economist and knows he would struggle in a debate.