TFMR Podcast - Wednesday, December 26

Wednesday, December 26, 2018 - 4:02pm

Through the magic of The President's Working Group on Financial Markets, the "stock market" magically rebounded today and posted an 1,100 point gain in the DJIA. It's so utterly comical that all you can do is laugh and remind yourself that today is just a day .

ZH may claim...

A Christmas Story: A timely gift of gold.

Wednesday, December 26, 2018 - 10:53am

“I am bringing you good news of great joy for all the people: to you is born this day in the city of David a Saviour, who is the Messiah, the Lord.”

About the time of the annunciation by Gabriel one night, a more subtle message was sent through the stars, a message those shepherds...

TFMR Podcast - Monday, December 24

Monday, December 24, 2018 - 3:52pm

It was another brutal day for the stockroaches and now they face a mid-week holiday full of angst in expectation of what might happen come Wednesday.

And here's a fun stat for your family and friends at your Christmas dinner....Yes, gold is still down 2.8% on the year. However, the S...

An Inauspicious Anniversary

Sunday, December 23, 2018 - 1:01am

One hundred years ago today, The Federal Reserve System of The United States was born. To "celebrate" this unfortunate anniversary, I invited G. Edward Griffin, author of the book " The Creature from Jekyll Island ", to spend some time in Turdville. In a webinar format, Mr. Griffin spoke candidly about his dislike of central banking and he took questions directly from listeners.

TFMR Podcast - Friday, December 21

Friday, December 21, 2018 - 5:21pm

It was another brutal day for the stockroaches as the global markets continue to contract faster than the Fed contracts its balance sheet. And it looks like next week may hold more of the same.

So we begin today with these two charts. The first is a weekly S&P and the second is a...

Shutdown Friday

Even more uncertainty enters the picture.

Friday, December 21, 2018 - 11:50am

Yes, there's a looming US government shutdown but I'm more concerned with a holiday shutdown. It has been a long year and we're all ready for it to be over. So let's get through this day and then go enjoy some holiday time with family and friends.

Let's begin with that US government...

Thursday Conversation - Grant Williams

A discussion of the US$ and the gold standard.

Thursday, December 20, 2018 - 4:19pm

With all sorts of uncertainty ahead in 2019, what a great time to check in with Grant Williams, sound money advocate and co-founder of Real Vision.

Grant and I recorded this on Wednesday, just after the release of the FOMC Fedlines. And what a great time to visit! Over the course of...

Roaring Back

We sure didn't have to wait long for that bounce and recovery!

Thursday, December 20, 2018 - 11:43am

Yesterday's podcast has proven prescient as the Comex metals come roaring back today. And just as we've been expecting for weeks, our year end and Q1 rally seems well underway, too. So, today, let's take a look around to assess the entire situation and then seek to find some levels to watch...

TFMR Podcast - Wednesday, December 19

Wednesday, December 19, 2018 - 6:21pm

Well, what a day that was! While on one hand it's completely normal to have the Comex metals jerked around on an FOMC day, to have it happen on a day that we'll look back upon as being so structurally positive is interesting, to say the least.

So, that's where we begin this podcast......

CGP's Big Day

What to expect at 2:00 EST today.

Wednesday, December 19, 2018 - 10:17am

Here comes Chief Goon Powell. The day revolves around him. Thus this brief post to help you kill the time.

Again, all the fun begins at 2:00 pm EST. As we discussed yesterday, I fully expect a 25 basis point fed funds rate hike followed by a set of fedlines that suddenly seem "dovish"...

2018 In Review With Batchelor And Cohen

A summary of this year's events in The New Cold War.

Wednesday, December 19, 2018 - 9:31am

It has been a tumultuous and consequential year in The New Cold War. In their final appearance of 2018, John and Steve are here to review the events of the past twelve months and look ahead to what promises to be a very dangerous 2019.

No doubt this has been a difficult year for all of...

TFMR Podcast - Tuesday, December 18

Tuesday, December 18, 2018 - 4:00pm

'Twas the before the fedlines and all through the house not a creature was stirring...just ole CGP and his band of goons.

Not much new to discuss today other than a recap of what to expect tomorrow. Oh, and in the time since I began to compile this podcast, check today's Magic Show in...

CGP's Big Show Begins

The world waits with breathless anticipation.

Tuesday, December 18, 2018 - 9:38am

Welcome back, my friends
To the show that never ends
We're so glad you could attend
Come inside! Come inside!

So today kicks off CGP's final carnival and side show of 2018. Will it end with the final rate hike of his tenure as Fed Head? Will he bring...

TFMR Podcast - Monday, December 17

Monday, December 17, 2018 - 4:49pm

The week begins with all kinds of nervous volatility in the "stock market". And did you see crude, too? But this combined to send the Comex metals higher and that's just fine with all of us.

A lengthy general discussion led to a discussion of these charts in order:...

Fed Week

Buckle in and hold on tight.

Monday, December 17, 2018 - 10:11am

All eyes will be on Chief Goon Powell and his FOMC come Wednesday. But there's a lot going on between now and then, too.

So off we go with what might be the most consequential week of the year...and it's week 51 of 52! What will CGP do? More importantly, what will he and his band of...

TFMR Podcast - Friday, December 14

Get ready for a big week ahead.

Friday, December 14, 2018 - 5:33pm

The wasn't much green to be found anywhere today and now we get set for what will be an important and consequential week next.

As usual on a Friday, we have a lot to cover. So, after a lengthy general discussion, the conversation eventually turns to these charts. First, we discuss the...

Ready For The Next Round

Though corruption is rampant, we keep fighting.

Friday, December 14, 2018 - 11:11am

The week looks to end on a sour note but all eyes begin to look forward to next week, which promises to be quite eventful and volatile.

But let's begin today with this...

We often describe the CFTC as being criminally-complicit in the ongoing crime of market manipulation. The...

Thursday Conversation - Brandon Smith

Words of wisdom and warning for 2019.

Thursday, December 13, 2018 - 4:12pm

I've been an admirer of Brandon Smith since about the time we stared TFMR in 2010. And now finally, in 2018, we get a chance to visit.

This is mainly a discussion of three things:

  1. How the world got into this position
  2. What is going on at present
  3. The
  4. ...

Guest Post: "The Trade War Distraction: Huawei And Linchpin Theory", by Brandon Smith

The timing of The Trade War is rather suspicious.

Thursday, December 13, 2018 - 2:38pm

Brandon Smith does great work at his site . He has been chronicling the economic, political and geo-political issues facing all of us since 2010. You should be sure to regularly visit his site.

With Brandon's permission, here's a...

The Count and The CNY

A lower euro means a higher dollar.

Thursday, December 13, 2018 - 10:32am

Count Draghi flapped his gums earlier and this, combined with more trade war concerns, has sent Comex gold lower today as we watch and wait for next week's FOMC.

So, The Count crawled from his crypt today to declare an end to least the printing of euro part. On its surface,...

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Key Economic Events Week of 1/14

1/15 8:30 am ET Producer Price Index
1/15 8:30 am ET Empire State Mfg. Index
1/16 8:30 am ET Retail Sales
1/16 8:30 am ET Import Price Index
1/17 8:30 am ET Housing Starts
1/17 8:30 am ET Philly Fed
1/18 9:15 am ET Capacity Utilization and Ind. Prod.

Key Economic Events Week of 1/7

1/7 10:00 ET ISM Services Index
1/7 10:00 ET Factory Orders
1/9 2:00 ET December FOMC minutes 
1/10 Speeches from CGP, Goons Bullard and Evans
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Key Economic Events Week of 12/31

1/2 9:45 am ET Markit Manu PMI
1/3 10:00 am ET ISM Manu Index
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