Yellen Basically Admits The U.S. Is A Banana Republic – Ep.189
* Earlier today Janet Yellen delivered her much-anticipated and way over-hyped speech at the annual Jackson Hole Symposium * It wasn't as irrelevant as I thought it was going to be, but the actual r...
27 Elo 20160s
When Janet Yellen Talks, Why Do People Still Listen? – Ep. 188
* The price of gold fell about $12/oz today; silver prices were down another .28 * Both metals have been falling since recent new yearly highs * Gold, though is not very much below the highs * T...
25 Elo 20160s
Fed Advocates Higher Inflation And Larger Deficits! – Ep. 187
* The dollar was broadly weaker today with the dollar index closing down .85 to 94.78 * At that time gold was up about $18; sliver up about .25 * Then all of a sudden New York Fed Chairman William...
17 Elo 20160s
Kill The Estate Tax To Save Jobs – Ep. 186
* Today we got the official numbers for Q2 Non-Farm Productivity and the consensus was that it would increase for the first time in 3 quarters; the prior 2 quarters we saw a decline in productivity ...
10 Elo 20160s
“Strong” Jobs Report More Politics Than Economics – Ep. 185
* What a difference a week makes, or maybe and economic report * The two big reports that everybody seems to focus on are the GDP numbers and the jobs numbers * It seems that the weaker the econom...
6 Elo 20160s
Will The Fed Sacrifice The Recovery Myth To Save The Markets? – Ep.184
* The carnage in global stock and bond markets continues; it really got started last night in Japan * The JGB (Japanese Government Bonds) dropped for the 3rd consecutive day * The biggest 3-day dr...
3 Elo 20160s
FOMC Upstaged By DNC – Ep. 183
* Today the Federal Reserve concluded its 2-day FOMC meeting and it announced - surprise, surprise - that interest rates are not going up * But of course the statement was much more important than ...
28 Heinä 20160s
Playing The Trump Card – Ep. 182
* It's official. The unthinkable, according to the status quo earlier in the campaign, Donald Trump is the Republican Nominee * Although many wrote him off as a candidate, I never did; I always said...
23 Heinä 20160s
