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(1095)

When Yellen Talks Why Do People Still Listen? – Ep. 227

When Yellen Talks Why Do People Still Listen? – Ep. 227

* Today Janet Yellen was up on Capitol Hill, it was the first of her 2-day testimony * She was before the U.S. Senate today; tomorrow she will be testifying before the House of Representatives * S...

15 Feb 201732min

Trade Deficits Make America Poorer Not Richer –  Ep.226

Trade Deficits Make America Poorer Not Richer – Ep.226

* I will be in Orlando tomorrow for the Money Show * I will be there Wednesday and Thursday returning Friday * I have several speaking events, a couple of workshops * If you're in the Orlando a...

8 Feb 201732min

Rising Unemployment Is Just The Excuse The Fed’s Been Waiting For

Rising Unemployment Is Just The Excuse The Fed’s Been Waiting For

* Yesterday we got the first jobs report of the year and the way Wall Street and the media seem to be spinning it: * "It was a good report!" * It was good news because the headline number beat exp...

4 Feb 201734min

U. S. Dollar Has Worst January In 30 Years! – Ep. 225

U. S. Dollar Has Worst January In 30 Years! – Ep. 225

* The month of January came to an end, and it didn't play out the way most people believed it would * Remember when the year began, everybody was optimistic on the U.S. dollar * Remember I said th...

2 Feb 201728min

America Will Lose Any Trade War – Ep. 224

America Will Lose Any Trade War – Ep. 224

* Earlier this morning we got the first look at Q4 GDP * As I suggested on the last podcast, in fact as I have been saying all along * We did see a sharp decline from the Q3 3.5% GDP * The conse...

28 Jan 201735min

Will Trump Change the Game Or The Players? – Ep. 222

Will Trump Change the Game Or The Players? – Ep. 222

* Short and not-so-sweet.  Maybe that's how you would describe President Trump's inaugural speech * Which, I think was the briefest since Jimmy Carter * But now, Donald J. Trump is the 45th Presid...

21 Jan 201730min

Trump Honeymoon Ends Before Marriage Begins – Ep. 221

Trump Honeymoon Ends Before Marriage Begins – Ep. 221

* As I said on a prior podcast, this could be the first Presidential Honeymoon to end before the marriage officially begins * Donald Trump will not be sworn in until Friday * Yet the Honeymoon alr...

18 Jan 201729min

Government Can’t Do Anything Right – Ep. 220

Government Can’t Do Anything Right – Ep. 220

* It's Friday the 13th and it is a Friday before a 3-day holiday weekend * Monday, of course is Martin Luther King Day * The stock market will be closed in observance of the holiday * Once again...

14 Jan 201736min

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