National Debt Clock Ticks Down  to DEFCON 1- Ep 922

National Debt Clock Ticks Down to DEFCON 1- Ep 922

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All Tax Cuts Are Temporary – Ep. 260

All Tax Cuts Are Temporary – Ep. 260

Summary: Every tax cut is temporary. Ryan's premise that we can't get the stimulus we need without a permanent tax cut is complete nonsense.  Congress has no idea what the budget's going to be next ye...

21 Juni 201733min

Government, Not Amazon Putting Cashiers Out of Work – Ep. 259

Government, Not Amazon Putting Cashiers Out of Work – Ep. 259

Summary: Amazon Buys Whole Foods The Dow was up today; mainly on the surprise announcement that Amazon, the king of on-line retailing, is buying Whole Foods.  In a labor market significantly altered b...

17 Juni 201733min

Hawkish Hike May Backfire on Fed – Ep. 258

Hawkish Hike May Backfire on Fed – Ep. 258

Summary Quantitative Tightening Ahead: The Federal Reserve came out with a surprisingly hawkish rate hike today, announcing plans to  shrink the balance sheet by $50 billion per month.  This would mea...

15 Juni 201724min

Statehood Would Be a Step Down for Puerto Rico – Ep. 257

Statehood Would Be a Step Down for Puerto Rico – Ep. 257

Summary: In Puerto Rico's  recently held non-binding referendum on statehood, just 23% of the eligible voters who actually voted overwhelmingly chose statehood.  This would mean that Puerto Rico would...

14 Juni 201727min

Volatility Rises as Fed Readies Another Rate Hike Ep. 256

Volatility Rises as Fed Readies Another Rate Hike Ep. 256

Summary: Friday's Tech Wreck continued today, some stocks making key technical reversals. The crypto currencies, also experienced volatility as Bitcoin seems to be losing some of its market share to o...

12 Juni 201730min

Political Theater Trumps Economic Data – Ep. 255

Political Theater Trumps Economic Data – Ep. 255

Summary:  As an unexpected pro-labor vote in the U.K. weakened the pound and strengthened the dollar, the market reacted more to political news, abroad and at home.  The uncertain results of Comey's t...

10 Juni 201731min

Will Gold’s Breakout be the Pin that Pricks the Crypto Bubble? Ep. 254

Will Gold’s Breakout be the Pin that Pricks the Crypto Bubble? Ep. 254

Summary: Gold and gold stocks are moving to new highs as the dollar index continues its slide. Although some connect this move to market jitters over the outcome of the upcoming James Comey testimony,...

7 Juni 201720min

Weak Data Further Undermines Fed’s Credibility – Ep. 253

Weak Data Further Undermines Fed’s Credibility – Ep. 253

Summary:  Today's big miss in the Nonfarm Payroll report indicates further proof for the Fed that the Q1 weak economic data was not transitory.  Coupled with disappointing Labor Force Participation de...

3 Juni 201730min

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