Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26

Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26

Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26
Missing expectations on all economic indicators

* Chicago Fed index .14
* PMI flash services 56.3
* Dallas Fed Manufacturing 10.5
* Case Shiller Index slows down to 4.9%
* Consumer Confidence number down to 88.7M
* Oil prices continue to fall
* Big drop in Richmond Fed 75% below estimate
* Optimism fueled by debt, consumption and bubbles

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Fed Hikes Rates To Feign Confidence – Ep. 235

Fed Hikes Rates To Feign Confidence – Ep. 235

* Today the Federal Reserve raised interest rates for the third time in 10 years * Of course, the tightening cycle began with the first rate hike in December of 2015 * Followed by the second rate ...

15 Maalis 201733min

Trump Lauds Job Statistics He Once Impugned – Ep. 234

Trump Lauds Job Statistics He Once Impugned – Ep. 234

* I guess you could say a good jobs report is all in the eye of the beholder * And when it comes to President Trump's eyes, he is now beholding an excellent jobs report * Whereas a candidate, simi...

11 Maalis 201738min

Why TrumpCare Won’t Work, Either – Ep. 233

Why TrumpCare Won’t Work, Either – Ep. 233

* It looks like the Republicans on Capitol Hill, with the blessing of Donald Trump, are trying to repeal one big healthcare program and replace it with another big government entitlement * They're c...

8 Maalis 201731min

Rate Hike Odds Surge As GDP Forecasts Collapse – Ep. 232

Rate Hike Odds Surge As GDP Forecasts Collapse – Ep. 232

* According to Goldman Sachs, the odds of a Fed rate hike coming up at the March meeting, which is less than 2 weeks away is now 95% * It was 90% before Yellen spoke, that was looking at the Fed Fun...

4 Maalis 201744min

Trump To Make Government Greater Again – Ep. 231

Trump To Make Government Greater Again – Ep. 231

* Last night, following tradition, President Trump delivered his first State of the Union Address * Although people are saying that it's not technically a true State of the Union Address * We'll h...

1 Maalis 201737min

Trump Should Be a Statesman Not A Politician – Ep. 230

Trump Should Be a Statesman Not A Politician – Ep. 230

* Yesterday it looked like the Dow's winning streak may have come to an end * We were up 10 days in a row, which was the biggest winning streak since 1987 * The Dow was down 50-60 points for the e...

25 Helmi 201736min

The Iceman Goeth, Robots Cometh – Ep. 229

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* The Dow finished with yet another gain today * We closed at 20,775.60 * I've been told that this is the longest consecutive winning streak for the Dow Jones since 1987 * Of course, we all reme...

23 Helmi 201734min

Inflation Finally Rears Its Head – Ep. 228

Inflation Finally Rears Its Head – Ep. 228

* We had a very significant day in the currency and gold markets yesterday * We had some good follow through today that really buttresses the point that I want to make * We got some economic news ...

17 Helmi 201729min

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