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.

A Shining Example

But also just another day in AlgoHell.

Wednesday, February 5, 2020 - 11:09am

Too often now do we get glaring examples of just how utterly messed up our "markets" are. And, boy oh boy, did we ever get one earlier today. We call it "AlgoHell" and we are all living in it.

Shirtly after 2:o0 am CST, a headline was printed by Reuters. It stated:

  • ...

On Again With Greg Hunter

Wednesday, February 5, 2020 - 10:07am

It's always great fun to be on Greg Hunter's USA Watchdog program. This latest segment was recorded Tuesday morning and I think you'll enjoy watching.

Here's the link to Greg's site with a full summary of the discussion:...

TFMR Podcast - Tuesday, February 4

Tuesday, February 4, 2020 - 4:54pm

Today was nearly a carbon-copy of last Tuesday with stocks soaring while bonds, gold and silver tanked. Perhaps I should remind you of how the remainder of last week went?

And that's important to keep in mind for just as CDG is only down $7 versus the lows of last Tuesday, CDS is...

Sunshine, Rainbows and Lollipops

And Skittles for everyone!

Tuesday, February 4, 2020 - 10:40am

You see, there's nothing to fear. All is well in the world. There's no debt bubble. There's no economic slowdown. There's no REPO/liquidity Crisis. And there's certainly no fear of a sweeping global pandemic. How do we know this? Just check the "stock market", of course!

So let's begin...

TFMR Podcast - Monday, February 3

Monday, February 3, 2020 - 5:57pm

Your exhausted and hoarse host returns with this brief, late day summary designed to wrap up this day and then get us focused upon the week to come.

First of all, thanks again for your patience with my schedule these past two weeks. Like any old man, I am now thrilled to be spending a...

Another Week Begins Down

The pattern thus far in 2020.

Monday, February 3, 2020 - 11:46am

In what has become a consistent pattern in 2020, the Comex precious metals have again begun the week sharply lower. But by now you all know "the old adage" so let's wait to see how the rest of the week plays out.

Let's start with a chart. Here's Comex Digital Gold in 2020. Note that...

Chiefs Win!!

Monday, February 3, 2020 - 12:57am

It has been a long weekend and it might be late morning Monday before I can post a new thread, so here's just a brief post to kick off the week.

So far, the precious metals are under pressure as the pandemic news over the weekend failed to be apocalyptic and the Chinese markets opened...

Thursday Conversation - Rob Kirby

Friday, January 31, 2020 - 3:00pm

Our old pal Rob Kirby is back on his feet and ready to take on 2020. The year is off to a wild start and it's only going to get more crazy as things progress so please be sure to give this podcast a thorough listen this weekend.

To deal with the ongoing madness, you need as many...

Into The Weekend

Don't let your guard down.

Friday, January 31, 2020 - 10:10am

As expected, reality is setting back in today and the sudden reversals of late yesterday are now seeing themselves reversed. And now we head into the weekend, it's not difficult to imagine that binds and gold will stay well-bid all day. Why? Would you want to be short into the news flow and the...

TFMR Written Podcast - Thursday, January 30

WOPR strikes back!

Thursday, January 30, 2020 - 5:25pm

What an incredible time to be alive. Humans are dying from a virus that is seemingly spreading out of control and which the World Health Organization just deemed a "global health emergency". However, The Machines decided that everything was going to be just fine this afternoon so they went...

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 19 min ago
by allenb, Feb 22, 2020 - 10:54pm
by sierra skier, Feb 22, 2020 - 8:48pm
by NW VIEW, Feb 22, 2020 - 6:51pm
by sierra skier, Feb 22, 2020 - 6:33pm