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)

Soaking the rich will drown everyone else – Ep 611

Soaking the rich will drown everyone else – Ep 611

Secretary of Treasury is really Secretary of Debt Fed doesn’t think Americans are in enough pain. Education and healthcare are too important for the government to be involved in. Biden pledges to nati...

16 Sep 20201h 8min

Fiercest Fires Were Lit by the Fed – Ep 610

Fiercest Fires Were Lit by the Fed – Ep 610

Markets end week on a mixed note. Gold consolidating support above previous highs. Fed has come out of the closet. Alan Greenspan sounds more like Peter Schiff as he gets older. Government did more ha...

12 Sep 20201h

The Dollar and Bonds are Bigger Bubbles Than Stocks – Ep 609

The Dollar and Bonds are Bigger Bubbles Than Stocks – Ep 609

NASDAQ has a full blown correction. TSLA is the poster child of the stock market craziness. Slack is not an investment. Air coming out of stock market bubble. Dave Portnoy is the poster child of day t...

9 Sep 202059min

Did the Biggest Bubble Ever Just Pop? – Ep 608

Did the Biggest Bubble Ever Just Pop? – Ep 608

The biggest bubble may have popped without a pin. Charts show bad omen for the NASDAQ. The biggest bubble ever won’t die easily. Strength in gold stocks improving. Tesla (TSLA) sells off. Treasury mar...

5 Sep 202052min

The Biggest Bubble Ever – Ep 607

The Biggest Bubble Ever – Ep 607

S&P has its best August since 1986. APPL and TSLA continue soaring after splits. TSLA rains on its own parade. Zoom zooms. Loot this book. George Floyd died of a drug overdose. McDonald’s sued for tre...

2 Sep 20201h 15min

Inflation will destroy the dollar and the economy  – Ep 606

Inflation will destroy the dollar and the economy – Ep 606

Fed changes the rules for inflation target calculations. Markets react to Powell's announcement. Prices go up when people aren’t working. Majority of middle class will be impoverished Into lower class...

28 Aug 20201h 2min

Weak economy enables strong housing market – Ep 605

Weak economy enables strong housing market – Ep 605

Good news for Facebook stock is bad news for Main Street. Housing market booms - just like it did before the 2008 crash. Layoffs increasing. Many jobs permanently gone. The voting age should be raised...

26 Aug 20201h 1min

Main Street’s Pain is Wall Street’s Gain – Ep 604

Main Street’s Pain is Wall Street’s Gain – Ep 604

S&P and Nasdaq close the week with record highs. Apple capitalizes on speculator mania with stock split. Weak economy benefits Wall Street and sedates Main Street. Real estate booming, but mass defaul...

22 Aug 202051min

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