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(1120)

Market Ringing Lots of Bells:Ep. 267

Market Ringing Lots of Bells:Ep. 267

Summary: There are market indicators of a major top as illustrated by the Blue Apron IPO, as it represents the failure of a very weak company attempting to raise money my means of an IPO when the mark...

12 Jul 201728min

Another Weak Jobs Report Portrayed as Strong – Ep. 266

Another Weak Jobs Report Portrayed as Strong – Ep. 266

Summary: There wasn't much of a market reaction to this Nonfarm Payroll report; the dollar index was only up .2% on the day. It closed up flat on the week. The Canadian dollar closed at a 10-month hig...

8 Jul 201729min

What It Means To Be An American – Ep. 265

What It Means To Be An American – Ep. 265

Summary: One of the key differences between Americans and citizens of other countries is that in most nations of the world, individuals gradually won freedoms and privileges from a monarchy. In the U....

6 Jul 201737min

Dependence Day.  Americans Celebrate Free Stuff, Not Freedom – Ep. 264

Dependence Day. Americans Celebrate Free Stuff, Not Freedom – Ep. 264

Summary Independence Day is a great American holiday, but it fills me with joy and sadness.  I love to commemorate what America was, and the whole idea of what made America different. Once we declared...

6 Jul 201727min

Blue Apron: All That’s Missing is the Sock Puppet – Ep. 263

Blue Apron: All That’s Missing is the Sock Puppet – Ep. 263

Summary: Blue Apron Holdings IPO The Blue Apron Holdings IPO today is reminiscent of the dot com boom.  The market is saying the 5-year old company is worth close to $2 billion. This IPO represents a ...

30 Jun 201731min

Republican Replacement Won’t Fix ObamaCare – Ep. 262

Republican Replacement Won’t Fix ObamaCare – Ep. 262

Summary: Once again the solution doesn't work.  As with the Democrats' solution, the penalties are too low.  In both the House and the Senate, trying to force people to buy insurance won't work becaus...

28 Jun 201736min

Senate Plan Makes ObamaCare Worse – Ep. 261

Senate Plan Makes ObamaCare Worse – Ep. 261

Summary: Let the SS ObamaCare Ship Sink The Republicans in the Senate finally unveiled their version of ObamaCare Repeal & Replace.  It's very heavy on replace, but there really isn't any repeal. They...

24 Jun 201744min

All Tax Cuts Are Temporary – Ep. 260

All Tax Cuts Are Temporary – Ep. 260

Summary: Every tax cut is temporary. Ryan's premise that we can't get the stimulus we need without a permanent tax cut is complete nonsense.  Congress has no idea what the budget's going to be next ye...

21 Jun 201733min

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