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.

An Update from Batchelor and Cohen

Essential information regarding The New Cold War.

Wednesday, February 19, 2020 - 4:41pm

I have been so busy today that I've not yet had a chance to listen. Once I can find the time, I shall. You should, too.

Many thanks again to John and Steve for their ongoing diligence in these matters.


Wednesday Prep

Prudent prep is probably possible.

Wednesday, February 19, 2020 - 10:56am

After the strong gains of yesterday, the Comex metals are attempting to stabilize and maintain today ahead of the next surge up. When it comes, it will be important...particularly in Comex silver as the key level of $18.50 now looms just over the horizon.

The news today is no...

TFMR Podcast - Tuesday, February 18

Tuesday, February 18, 2020 - 5:49pm

Contrary to what had been the prevailing trend of 2020, the Comex digital metals began the week on an uptick today. So now the questions becomes, can we hold and extend these gains through the remainder of the week?

For today, a lengthy discussion of the day's events to start the...

Playing Catch Up

A 3-day weekend leads to a 4-day week.

Tuesday, February 18, 2020 - 10:19am

After a market holiday Monday, the US markets are playing a bit of catch up today as things move fast with the virus pandemic continuing to worsen around the globe.

Where do we even start on a Tuesday? The virus news is bad but that's likely something you already know. So let's start...

Guest Post: "No One Gets Out Of Here Alive", by Jim Quinn

Monday, February 17, 2020 - 8:27pm

As the US markets reopen and we prepare for another volatile week, here's the latest opus from our old friend, Jim Quinn.

by, Jim Quinn of The Burning Platform


TFMR Podcast - Saturday, February 15

Saturday, February 15, 2020 - 12:10pm

There's a lot to cover today so please try to give this podcast a listen before the US markets re-open late Monday.

So let's dive right in. Just one link as we get started. Please look this over:

  • ...

Another Three-Day Weekend

Friday, February 14, 2020 - 11:06am

As the US barrels toward another three-day holiday weekend, it will be quite interesting to see how the "markets" trade today. The news is pretty bad across the board so let's watch to see what gets sold and what gets bought before the close this afternoon.

Let's begin today with the...

TFMR Podcast - Thursday, February 13

Thursday, February 13, 2020 - 6:04pm

It was a busy day and there's a lot to talk about so come on in and have a listen as we prepare to wrap up the week ahead of another three-day, U.S. market holiday weekend.

For today, a lengthy general discussion that covers the links below:

  • ...

The Relentless March Of The Machines

Nothing can stop them.

Thursday, February 13, 2020 - 11:49am

Nothing can stop them. They are seemingly programed to buy every dip. No news or headline can get in their way.

It has been a long morning and, as such, this late brief post. Why? I had my annual physical exam today, complete with blood draws, EKG, the one-finger handshake...the whole...

TFMR Podcast - Wednesday, February 12

Wednesday, February 12, 2020 - 5:30pm

Another day where the mining shares are driven lower...not by the action in gold but by silver, instead. And it obviously matters little if a mining company has earnings growth or pays a dividend. If it's not a favored tech company, nobody cares...for now.

So today we begin with a...

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book


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Forum Discussion

by Trail Trekker, 6 hours 26 min ago
by allenb, Feb 22, 2020 - 10:54pm
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by sierra skier, Feb 22, 2020 - 6:33pm