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.

Still No Price Inflation

The Fed paints itself deeper into the corner.

Tuesday, May 14, 2019 - 9:52am
By

We all know that the CPI woefully underestimates the cost of living in the US. However, this metric along with several others, is reported to be closely watched by your monetary masters at The Fed. Not only are the CPI and PPI showing no inflation pressures, other indices like today's Import-...

TFMR Podcast - Monday, May 13

Monday, May 13, 2019 - 3:50pm

Time is short so let's get right to it.

I'm headed out to work on MamaFerg's "estate" issues again tomorrow. Thus, this earlier-then-usual podcast. After a general discussion of the day's events, the Trade Wars and a look at the soaring open interest in Comex gold, we discuss these...

Well, Here We Go...

Friday's hunch is playing out in real time today.

Monday, May 13, 2019 - 10:32am
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We began Friday's morning update with this:

"Call it a hunch. Maybe call it a premonition. However, next week looks to be a very interesting period of time so let's assess the situation today and begin to prepare."

It certainly appears that my...

TFMR Podcast - Friday, May 10

Friday, May 10, 2019 - 6:02pm
11

It's late and your host is in desperate need of a gin and tonic so let's get right to it with your chart summary and CoT review.

After a discussion of the day's thoroughly disgusting events, we go through these charts in order:...

What Will Next Week Bring?

Friday, May 10, 2019 - 10:34am
By
10

Call it a hunch. Maybe call it a premonition. However, next week looks to be a very interesting period of time so let's assess the situation today and begin to prepare.

First of all, let's start with today. Trump's China tariffs did indeed go to 25% overnight. This poses a major...

TFMR Podcast - Thursday, May 9

Thursday, May 9, 2019 - 5:45pm
11

It was a long day so let's dive right in and assess the charts before what will be an eventful Friday.

After a lengthy general discussion, we discuss the rebound in the "stock market":...

Things Get Interesting

It's time to pay attention again.

Thursday, May 9, 2019 - 11:00am
By
12

A whole host of items that we've been watching all week have suddenly made it to the make-or-break point this morning. I guess it's time to start paying attention.

So, where do we start? I guess we'll begin with the general "stock market" but the issues are more wide-ranging than just...

TFMR Podcast - Wednesday, May 8

Wednesday, May 8, 2019 - 4:45pm

Another day, another imposition of the NEEEE Rule. But tomorrow bringsteh PPI and Friday has the CPI so be prepared for volatility in both directions.

For today, please review these links:

  • ...

Comex Gold Repelled From $1290...Again

Another day, another manipulation of price.

Wednesday, May 8, 2019 - 11:14am
By

As if you couldn't see this coming. And what's surprising is that, after all these years, the kind of nonsense that we're seeing today still makes me angry.

Look, you've only seen this chart about 20 times over the past few weeks. Here it is again from yesterday's podcast:...

Please Listen To Batchelor and Cohen

Wednesday, May 8, 2019 - 10:07am
By
5

Nowhere else will you get such a clear and objective analysis of The New Cold War and the impact that the whole "Russiagate" fiasco is having on geo-political relations.

Look, I know we've been posting these podcasts for over five years now and I know you're likely tired of hearing me...

Key Economic Events Week of 5/20

5/20 7:00 pm ET CGP speech
5/21 10:00 ET Existing Home Sales
5/22 2:00 ET FOMC minutes
5/23 9:45 ET Markit PMIs
5/24 8:30 ET Durable Goods

Key Economic Events Week of 5/13

TWELVE Goon speeches through the week
5/14 8:30 ET Import Price Index
5/15 8:30 ET Retail Sales and Empire State Manu. Idx.
5/15 9:15 ET Cap. Ute. and Ind. Prod.
5/15 10:00 ET Business Inventories
5/16 10:00 ET Housing Starts and Philly Fed
5/17 10:00 ET Consumer Sentiment

Key Economic Events Week of 5/6

5/9 8:30 ET US Trade Deficit
5/9 8:30 ET Producer Price Index (PPI)
5/9 10:00 ET Wholesale Inventories
5/10 8:30 ET Consumer Price Index (CPI)

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