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.

TFMR Podcast - Tuesday, June 21

Tuesday, June 21, 2022 - 4:41pm

It was a dreary start to the week as higher interest rates and a rallying POSX weighed upon the precious metals through the Comex session and onto the afternoon Globex? Might tomorrow be a better day? Maybe. We'll just have to wait to see what Chief Goon Powell has in store for us at his...

And Here We Go

Tuesday, June 21, 2022 - 10:28am

The week begins on a Tuesday and that's always weird. The bright side is that it will be a short week, which means we only have about 100 hours of Goons to deal with before the weekly close.

And those Goons will be coming at you fast and furious all week. In fact, though yesterday was...

SPECIAL PODCAST: An Update on GoldMining, Inc. from CEO, Alastair Still

Monday, June 20, 2022 - 3:00pm

It has been a very difficult two months for the precious metals and the mining shares. However, I'm confident that things will soon change as global central banks are forced to resume debt monetization and rate cuts. If I'm right about that, then there are a few mining companies that present...

It's Goon Week Again

Monday, June 20, 2022 - 10:38am

Yay, us! As per tradition, the week following an FOMC has become "Goon Week" as an endless parade of Fed Goons seek out available microphones in order to revise and extend the Fedlines and Chief Goon Powell's remarks from the previous week.

But first, the week begins with a US market...

TFMR Podcast - Friday, June 17

Friday, June 17, 2022 - 5:17pm

Oh thank heavens that's over with. What a long and challenging week. And now I urge you to clear your mind and relax over the weekend and next week brings a nauseating list of publicity-seeking Fed many that it may set a new record one-week total.

Yesterday at this time,...

Witches Bitchez

Friday, June 17, 2022 - 10:28am

Well, it's finally Friday and today is one of those rare "quadruple witching" days and you never know for certain how it will all turn out.

For now, though, it's just a flip of yesterday when the yen rallied, the POSX dumped and CDG jumped. Today, the yen is back down, the POSX is back...

TFMR Podcast - Thursday, June 16

Thursday, June 16, 2022 - 4:49pm

Well, things have sure gotten interesting, haven't they? The Fed proves their ineptness, the POSX tanks, bonds soar and stonks tumble. That's a tasty brew for the PMs and we had another pretty solid day.

So we talk about all of that today but begin by asking you to pay special...

The Path To Malaise And Despair

Thursday, June 16, 2022 - 10:32am

It's always the day after the FOMC that reveals the glee or the damage of the message and today is no different.

Oh boy, here we go. I'm not even sure where to start so I guess we'll start with stonks. Uhh..oops....

TFMR Podcast - Wednesday, June 15

Wednesday, June 15, 2022 - 5:33pm

There were two big surprises in Chief Goon Powell's post-FOMC "press conference" today. First, Powell admitted that the FOMC is mainly just making it up as they go along and flying by the seats of their pants. And second, he wore a necktie that was not some shade of purple! What the heck?!?...

June FOMC Day

Wednesday, June 15, 2022 - 10:03am

Well, here we go. Today brings the much-anticipated June FOMC fedlines and Powell presser. Will we get 50, 75 or 100 basis points? How will Powell spin it? We'll know in a few hours.

But first, we have some economic news to digest as the US economy heads straight into the toilet. Today...

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Key Economic Events Week of 6/20

6/21 8:30 ET Chicago Fed
6/21 10:00 ET Existing home sales
6/21 12:00 ET Goon Mester
6/21 3:30 ET Goon Barkin
6/22 9:30 ET Chief Goon Powell on Cap Hill
6/22 12:50 ET Goon Evans
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET Chief Goon Powell again
6/24 7:30 ET Goon Bullard
6/24 10:00 ET UMich revisions
6/24 4:00 ET Goon Daly


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