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.

The Boys Are Back In Town

Them wild-eyed boys that had been away.

Tuesday, October 15, 2019 - 10:36am
By

In deference to Thin Lizzy, whom today received a nomination to the Rock and Roll Hall of Fame, the boys are indeed back in town after the Columbus Day bank holiday and, once Comex trading began in New York, prices were smashed in their usual manner.

Wasn't Monday nice? Just some...

TFMR Podcast - Monday, October 14

Monday, October 14, 2019 - 4:16pm
12

It was a quiet day of holiday trading but it's back to business tomorrow so please have a listen and get ready for a busy week ahead.

For today, we spend the first 2/3 of this podcast discussing this link:...

Bank Holiday

Could they take the whole week off?

Monday, October 14, 2019 - 11:04am
By
15

It's Columbus Day in the U.S. and all of the Banks are closed. This also means that there is no trading in treasuries or treasury futures, too. YIPPEE!! Is there any way we can get these freaking criminals to take the rest of the month off? It's awful nice not having them around!

You...

TFMR Podcast - Friday, October 11

Friday, October 11, 2019 - 5:42pm
17

By the grace of God, this agonizing week has finally drawn to a close. On the bright side, it's hard to imagine how next week could be worse...so we've got that going for us.

For today, a punch-drunk general discussion of the Trade War madness followed by a rundown of...

TFMR Media This Week

Friday, October 11, 2019 - 4:00pm
By
12

Created primarily for newsletter subscribers, here's a free link to all of the media appearances we made this week.

Back on Tuesday, it was a pleasure to appear on the TD Ameritrade network: https://...

O Death, Where Is Thy Sting?

Friday, October 11, 2019 - 10:34am
By
15

What has been about the single most agonizing and painful week in recent memory for the precious metals finally draws to a close.

Oh my gosh, am I ever ready for the weekend! Consider all of the stuff that has happened this week which is VERY gold positive:

  • zero/negative
  • ...

Thursday Conversation - Willem Middelkoop

Thursday, October 10, 2019 - 1:00pm
With
18

Our old friend Willem Middelkoop is a commodity fund manager, geo-political analyst and best-selling author. With all that's going on in the world, we were definitely overdue for this conversation.

As with all Thursday Conversations, I asked Will to focus on three primary topics:...

China Syndrome Worsens

Radiation poisoning preferable to watching Comex.

Thursday, October 10, 2019 - 10:16am
By
15

Sticking with the theme of the week, The China Syndrome has reached its peak intensity today as Trade War peace talks begin in Washington. But Comex gold is getting smashed so it most all be going swimmingly.

This is so freaking ridiculous that it makes ME want to...

TFMR Podcast - Wednesday, October 9

Wednesday, October 9, 2019 - 4:57pm

Trade War terrors and Trump talking tough on Turkey key a tumultuous time for timid traders.

Let's begin today with these connected items:

When QE Is Not QE

Symantic bullshit in the 21st century.

Wednesday, October 9, 2019 - 11:08am
By
11

What's that old saying about how if it walks like a duck and quacks like a duck?

I think we covered this pretty well in yesterday's podcast but just to be sure, let's try to summarize this again. Here's a tweet I sent out to the world earlier this morning:...

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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