The end of the Great Keynesian Experiment is upon us. Turd Ferguson and his band of loyal Turdites patrol this Watchtower. We are here to help each other navigate the coming economic chaos. However, no one can predict every eventuality, so please read the disclaimer and community guidelines before proceeding.

Just More BS From The BLS

Friday, December 3, 2021 - 10:30am
By
17

Just another reminder of why we call it the BLSBS. Also just another reminder of how frustrating the year 2021 has been for all of us.

It's the first Friday of the month and, by now, you know what that means....the latest US jobs report which we call the BLSBS. And why? Because it's...

Thursday Conversation - Alasdair Macleod

Thursday, December 2, 2021 - 2:00pm
With
25

During our Q&A session last week, I noticed that many of you still had questions about Basel3 and its impact on the LBMA after 1/1/22. So I again sought out Alasdair in the hope that we could once more seek some clarity on what to expect once the calendar flips into the new year.

I...

Wash, Rinse, Repeat

Thursday, December 2, 2021 - 10:58am
By
24

The new day dawns with the same price action that we've seen over the past two weeks. With all momentum and sentiment drained once again from Comex, prices continue to fall regardless of the daily moves in the bond market or the POSX.

What an extraordinarily difficult month this has...

TFMR Podcast - Wednesday, December 1

Wednesday, December 1, 2021 - 5:22pm
22

It was another challenging day across all "markets" as stonks fell sharply, bonds rallies, the POSX was flat, CDG was solid but CDS was routed. So please take the time to listen to today's podcast but also please take the time to watch the video that embedded here, too.

Today's podcast...

December Begins

Wednesday, December 1, 2021 - 10:41am
By
17

Wednesday dawns with more hysteria over the latest Covid mutation but "the markets" are shrugging this off with the POSX falling and nearly that fell yesterday bouncing back today. Well, almost everything...

You'll recall the screenshot of the entire commodity board that was discussed...

TFMR Podcast - Tuesday, November 30

Tuesday, November 30, 2021 - 5:46pm
15

In another crazy, frustrating day of trading, almost everything with a bid was sold today with the exception of longer term treasuries, which rallied again on fears of a Fed "policy error" and future deflation.

You and I both know how nonsensical those fears are but that makes zero...

Powell, Mother and Omicron

Tuesday, November 30, 2021 - 10:48am
By
21

No, that's not some retro 70s rock band. Instead, that's our lineup of market-moving news today. And, so far, the news flow has moved the Comex precious metals back higher with Comex Digital Gold having a particularly good morning...again, so far.

Let's start with Powell and Mother....

SPECIAL PODCAST: Nick Luksha, President of Prospect Ridge Resources

Monday, November 29, 2021 - 5:15pm
2

Here's another new name for you to consider in the exploration space. Nick Luksha is president of Prospect Ridge Resources and he stops by today to explain why he and his team are so excited about the company's prospects in 2022 and beyond.

This is another company with which I was...

TFMR Podcast - Monday, November 29

Monday, November 29, 2021 - 5:14pm
15

It was a frustrating day made even more aggravating by some technical difficulties with this podcast. But tomorrow is another day and it will be a volatile on, at that.

So, about those technical difficulties...Four times during the recording of this podcast, my GarageBand app froze up...

It's BLSBS Week...Again

Monday, November 29, 2021 - 10:44am
By
15

'Tis the week of Hannukah and tis also the week of the next BLSBS. I think I'd prefer eight gifts to the laundry list of datapoints and Fed Goons that we have to navigate again this week.

So I guess that's where we'll start...it's going to be another long week. For now, it appears that...

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Key Economic Events Week of 12/6

12/7 8:30 ET US Trade Deficit
12/7 8:30 ET Productivity
12/7 8:30 ET Unit Labor Costs
12/8 10:00 ET JOLTS job openings
12/10 8:30 ET CPI
12/10 10:00 ET UMich consumer sentiment
12/10 10:00 ET Five-year inflation expectation

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