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.

Pre-Fed Week

And the beat goes on.

Monday, April 22, 2019 - 10:37am

It appears to be a relatively quiet week ahead with only a few datapoints and an absence of Fed Goons ahead of new week's FOMC. " Appears to be " are the operative words. We'll see if it turns out that way.

And the week has started as so many days have begun as of late...with...

Here Comes Jackass Cottontail

It's a holiday weekend. You know what that means...

Friday, April 19, 2019 - 11:47am

What's a holiday weekend at TFMR without a visit with our old friend, The Golden Jackass himself, Jim Willie.

Over the course of this call, we primarily update a few of the recurring themes we've been following for the past few years, namely...

  • Ongoing de-dollarization
  • ...

Thursday Conversation - Danielle DiMartino Booth

You should be sure to listen to this free public podcast.

Thursday, April 18, 2019 - 3:05pm

Danielle DiMartino Booth is a former advisor at the Federal Reserve Bank of Dallas. This experience gives her a unique perspective on the moves of the global central banks in 2019. Thus, you should be certain to carve out some time for this podcast.

Over the course of this call, I...

Until The End Of The World

The Easter three-day weekend is upon us.

Thursday, April 18, 2019 - 11:06am

I took the money. I spiked your drink. You miss too much these days if you stop to think.

Well, it's once again Holy Thursday. The three-day Easter holiday weekend awaits us after the close today and we'll get to all of that in a minute. But we have an Easter tradition here at TFMR....

TFMR Podcast - Wednesday, April 17

Wednesday, April 17, 2019 - 5:21pm

Don't forget that this is a holiday-shortened week so, with a Thursday Conversation scheduled for tomorrow and some "holiday audio" pegged from Friday, this is likely your final regular podcast until Monday. Therefore, please be sure to listen.

For today, review these two links from ZH...

The Continued Pounding

Pounded lower but shinier than ever.

Wednesday, April 17, 2019 - 11:07am

The Comex digital metals attempted to bounce a little earlier but they were immediately set upon by aggressive sellers and now both are now negative for the 93rd consecutive day.

OK, it's not really 93 straight days but it sure feels like it. Again, as the day began, it looked like The...

Wrapping Up Russiagate with Batchelor and Cohen

Wednesday, April 17, 2019 - 10:20am

Our friends John and Steve use their weekly program to wrap up the "Russiagate" story on the eve of the release of the Mueller Report.

If you are looking for a fair, balanced and objective review of the entire Russiagate affair, then you need to listen to this podcast review....

Guest Post: "Dancing On The Crumbling Precipice", by Jim Quinn of The Burning Platform

Wednesday, April 17, 2019 - 10:08am

Dancing on the crumbling precipice
The rocks are coming loose just at the edge
Are we laughing? Are we crying?
Are we drowning? Are we dead?
Or is it all a dream?

The bombs are getting closer everyday
“That can never happen here

TFMR Podcast - Tuesday, April 16

Tuesday, April 16, 2019 - 5:02pm

Another day, another price smash. And though it appears that The Banks will attempt to drive prices even lower in the days ahead, we may be due for a respite.

As we begin today, we ask you to review these links:

Targeting the 200-Day

Only the willfully blind fail to see.

Tuesday, April 16, 2019 - 10:33am

Today's action removes any remaining doubt regarding the Bank plan to break the price of Comex Digital Gold and bring it all the way down to the 200-day moving average.

Having now seen this play out again today, it is all crystal-clear for anyone not willfully blind. POSX is UNCH....


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Key Economic Events Week of 4/22

4/22 10:00 ET Existing Home Sales
4/23 10:00 ET New Home Sales
4/25 8:30 ET Durable Goods
4/26 8:30 ET Q1 GDP first guess

Key Economic Events Week of 4/15

4/16 9:15 ET Cap Util and Ind Prod
4/17 8:30 ET Trade Deficit (Feb)
4/17 10:00 ET Wholesale Inventories
4/18 8:30 ET Retail Sales (March)
4/18 8:30 ET Philly Fed
4/18 10:00 ET Business Inventories (Feb)
4/19 8:30 ET Housing Starts and Building Permits

Key Economic Events Week of 4/1

4/1 8:30 ET Retail Sales (Feb)
4/1 9:45 ET Markit & ISM Manu PMIs
4/1 10:00 ET Construction Spending (Feb)
4/1 10:00 ET Business Inventories (Jan)
4/2 8:30 ET Durable Goods (Feb)
4/3 9:45 ET Markit & ISM Services PMIs
4/5 8:30 ET BLSBS