Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26

2017 Optimism This is my final podcast for 2017.  I just watched the U.S. Stock Market ring the closing bell for the final time in 2017. Everybody is excited; everybody is optimistic.  I spent most of...

30 Des 201734min

Trump's Economy Today President Trump signed into law the Tax Cuts and Jobs Act.  The biggest problem that the President will have with these tax cuts is that he now owns the economy.  That is going t...

23 Des 201737min

Calling Tax Cuts Reform is Fake News Earlier today the House of Representatives passed the Tax Cut Bill.  Of course, the Media keeps referring to it as "Tax Reform".  That's fake news, for you, callin...

20 Des 201729min

Everybody Joins the Party All 3 of the major U.S stock indexes closed out the week at new record highs as it became apparent that the new tax cut deal was pretty much done. Marco Rubio, who had been a...

16 Des 201735min

Expected Rate Hike Today the Federal Reserve did exactly what everybody expected them to do, they once again raised interest rates by just one quarter of one percent.  This is the third rate hike of t...

14 Des 201736min

Bitcoin Week I'm going to devote today's podcast to bitcoin; I might as well just talk about bitcoin because that's all anybody else is talking about.  On CNBC that's pretty much all they are talking ...

12 Des 201733min

A Nonfarm Payroll Beat Today the labor department released the November jobs report -  Nonfarm Payroll -  of course Wall Street always highly anticipates this number; all the politicians, Donald Trump...

9 Des 201740min

Trade Deficit Moving Higher as Economy Slows Down Yesterday we got the release of the October monthly Trade Deficit and we got a trade deficit of $48.7 billion dollars.  That was a little bit North of...

7 Des 201728min