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)

FOMC Upstaged By DNC – Ep. 183

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 Jul 201629min

Playing The Trump Card – Ep. 182

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 Jul 201642min

One Quarter-Point Rate Hike Does Not Make Me Wrong – Ep. 181

One Quarter-Point Rate Hike Does Not Make Me Wrong – Ep. 181

* I was in Las Vegas for the Freedom Fest and following that I went to Vancouver for a one-day gold conference * One of the things I wanted to discuss was some discussion about me on the www.kitco.co...

20 Jul 201637min

SchiffGold Joint Venture With GoldMoney

SchiffGold Joint Venture With GoldMoney

* I'm sitting with Josh Crumb, the co-founder of a company that was originally called BitGold but following the acquisition of James Turk's GoldMoney they rebranded their company as GoldMoney * I agr...

9 Jul 201659min

Market Reaction To Jobs Report Confirms My Hypothesis – Ep. 180

Market Reaction To Jobs Report Confirms My Hypothesis – Ep. 180

* Today we got the Non-Farm Payroll report for the month of June * Remember the last 2 reports were quite weak and everybody was hoping for a rebound in June to prove that April and May were a fluke ...

9 Jul 201624min

Fed Minutes Reveal The Easing Cycle Has Already Begun – Ep. 179

Fed Minutes Reveal The Easing Cycle Has Already Begun – Ep. 179

* Gold and silver prices continue to march higher * Gold was up another $7 today; it closed at $1363.20 - that is the high for the year * Silver was up .15 at $20.06 * Silver is now going up relati...

7 Jul 201632min

Why Buy Bonds When You Can Buy Gold? – Ep. 178

Why Buy Bonds When You Can Buy Gold? – Ep. 178

* I wish everybody a happy July 4th weekend; U.S. markets will be closed * It's unfortunate that we can't really celebrate all the traditions that we're supposed to be honoring were lost generations ...

1 Jul 201626min

If The Markets Were Healthy Brexit Would Be A Non- Event – Ep.177

If The Markets Were Healthy Brexit Would Be A Non- Event – Ep.177

* It was Turnaround Tuesday in the global financial markets as stocks are recovering from 2 days of carnage following the surprise Brexit vote in the U.K. * The Dow was up almost 270 points today, NA...

29 Jun 201633min

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