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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Episoder(1121)

Trump’s “Surprise” Win One Year Later – Ep. 299

Trump’s “Surprise” Win One Year Later – Ep. 299

Conventional Media Was Surprised It's hard to believe has been a year since Donald Trump shocked everybody, at least everybody in the conventional media, Wall Street, all the pundits, professional pol...

9 Nov 201734min

Obama Employment Trends Continue Under Trump – Ep. 298

Obama Employment Trends Continue Under Trump – Ep. 298

High Expectations for Jobs Numbers This morning we got the release of the October jobs report, and it followed the hurricane-related very weak report that we got in September. This time, the reason ac...

4 Nov 201732min

The Swamp Wins on Taxes and the Fed – Ep. 297

The Swamp Wins on Taxes and the Fed – Ep. 297

No Change in the Fed Swamp The announcement of the new Fed Chair, Jerome Powell, represents a commitment to the status quo at the Fed.  President Trump has nominated the person most likely to do exact...

3 Nov 201745min

Tax Reform Trial Balloons Keep Popping – Ep. 296

Tax Reform Trial Balloons Keep Popping – Ep. 296

Trial Balloon #1: Backpedaling on State and Local Tax Deductions All this talk about tax cuts is all a fraud, because government is getting more expensive and the taxpayers are going to be stuck payin...

31 Okt 201734min

Republicans Won’t Even Consider Cutting Spending to Pay for Tax Cuts – Ep. 295

Republicans Won’t Even Consider Cutting Spending to Pay for Tax Cuts – Ep. 295

We're getting a tax cut! There is one thing now that that has the potential to cause a short-term decline of more than 3% in the stock market, and that would be: no tax cut.  If the Republicans announ...

24 Okt 201741min

30-Year Anniversary of the 1987 Stock Market Crash – Ep. 294

30-Year Anniversary of the 1987 Stock Market Crash – Ep. 294

Black Monday 1987 Today marks the 30th anniversary of the 1987 stock market crash.  It's hard to believe that it's been 30 years.  I still remember where I was when the crash happened and my reaction ...

20 Okt 201739min

U.S. Inflation Is Bullish for Gold and Bearish for the Dollar – Ep. 293

U.S. Inflation Is Bullish for Gold and Bearish for the Dollar – Ep. 293

Inflation Higher Than Expected Today we got the hotter than expected news on prices - on inflation.  We got the import/export prices.  Import prices were supposed to be up 0.5%, which in and of itself...

18 Okt 201741min

Record Confidence in U.S. Stocks Means Trouble Ahead – Ep. 292

Record Confidence in U.S. Stocks Means Trouble Ahead – Ep. 292

Optimism Rules the Day Friday the 13th was not an unlucky day for the U.S. stock market; all three of the major stock market averages closing at all time record highs. Optimism is ruling the day. In f...

14 Okt 201734min

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