Trump COVID Positive, Job Prognosis Negative – Ep 616

Trump COVID Positive, Job Prognosis Negative – Ep 616

Last jobs report before election overshadowed by COVID-positive Trump.
Possibility of a President Pence becomes more probable.
Deregulation and lower taxes would stimulate the economy.
Consumption is the caboose; production is the engine that moves the train forward.
California will need a Federal bailout to pay reparations for the slaves they never had.
Princeton placates mob and gets caught in a lie.
BitMEX founders indicted on criminal charges.
Coinbase bans political discussions.

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Weak Earnings and Bad Economic Data Pummel Stocks – Ep. 48

Weak Earnings and Bad Economic Data Pummel Stocks – Ep. 48

* Wall Street spared blizzard only to be buried in bad earnings and bad economic news * December durable goods down 3.4%; expected to come in at +.7 * Consumer confidence up to 102.9; contrarian ind...

28 Jan 201535min

Obama Misstate of the Union – Ep. 47

Obama Misstate of the Union – Ep. 47

* The President is taking credit for an economic recovery that is a bubble created by the Fed * Obama voters' salaries are much lower now than when he was elected * We have fewer full-time jobs duri...

23 Jan 201510min

Central Banks Wage War Against Low Prices – Ep. 46

Central Banks Wage War Against Low Prices – Ep. 46

* Big action from the Central Banks this week * Bank of Canada lowered rates from 1% to .75% * The ECB announced the launch of first QE program * The Euro plunged against gold * Central Banks' goa...

23 Jan 201523min

Gold Rally Continues, Yuan/Dollar Peg Explained – Ep. 45

Gold Rally Continues, Yuan/Dollar Peg Explained – Ep. 45

* Biggest 7-day surge in Gold prices since 2011 * U.S. GDP will be lower than in Canada this year * Canadian gold production will rise in 2015 * Gold is rising against most currencies except the Sw...

21 Jan 201522min

Will China Pull a “Switzerland” on the U.S. Dollar?

Will China Pull a “Switzerland” on the U.S. Dollar?

* Thursday, January 15, will be remembered as the day Switzerland abandoned its peg to the Euro * The Swiss defended their policy to peg to the Euro, but suddenly reversed, limiting their losses * T...

17 Jan 201524min

Switzerland Loses Currency War Swiss Win – Ep. 44

Switzerland Loses Currency War Swiss Win – Ep. 44

* The Swiss people have given up the inflation ghost to win the currency war * Media reports negative on the news: "silly decision" * Oil down against the Swiss Franc * Swiss stocks up in U.S. doll...

15 Jan 201517min

Denial Runs Deep From Wall Street To Bitcoin – Ep 43

Denial Runs Deep From Wall Street To Bitcoin – Ep 43

* Dow down 600 points in between Tuesday high and Wednesday low * Stock market and real estate are pillars of the phony recovery * Loose government lending standards encouraging mortgage defaults *...

15 Jan 201533min

Jobs Up But Earnings and Participation Down – Ep. 42

Jobs Up But Earnings and Participation Down – Ep. 42

* December jobs report up; unemployment down * Average hourly earnings dropped * Labor force participation hits new low, except for older Americans * Fewer young workers supporting the Social Security...

11 Jan 201521min

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