Three Years On and Things Are Only Getting Worse

205
141
Fri, Jul 8, 2011 - 8:46am

The Shill, The Coug and LIESman are "stunned" and "shocked" this morning at the lousy, awful and horrible BLSBS report. Really? Really?? Come down from your ivory towers and visit Main Street every once in a while you dopes! Utterly clueless, status quo, inside-the-box thinking.

I sure hope that, by now, none of this surprises any of you. The U.S. economy stinks on ice and it will continue to. What does this mean?

1) Tax receipts at the federal, state and local level will continue to decline.

2) Politicians will try to raise taxes which will only exacerbate the economic malaise.

3) Government debts at all levels will grow at an increasing pace.

4) THE ONLY FUNDING/SERVICING OPTION IS DEBASEMENT OF THE CURRENCY VIA QUANTITATIVE EASING (MONEY PRINTING).

5) The ultimate impact will be unprecedented global insecurity and upheaval.

We are here to help each other and warn others. There is still time but the sand is nearly drained from the hourglass. Protect yourself and your family while you still can. TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  205 Comments

Shill
Jul 8, 2011 - 8:50am

Gold

Gold says " We don't need no stinking JOBS!!!

SilverWealth
Jul 8, 2011 - 8:51am

CNBC

They need to pull the plug on this ministry of propaganda outfit. IT will probably be just the opposite though, they will keep them on the air even when the viewership falls to 10 people. Like Goebels blaring thru the streets of Berlin as the bombs were falling in 44-45'.

flaunt
Jul 8, 2011 - 8:53am

Turd, how do you think this

Turd, how do you think this will affect metals prices? It appears gold is getting a safe haven bid while silver is still being traded more as a commodity. Does this guarantee QE3 in August?

Throwing Sliver Hammers
Jul 8, 2011 - 8:55am

Amen

Keep Stacking PHYSICAL Silver

SilverWealth
Jul 8, 2011 - 8:58am

alert on Gold

I will be careful on this spike close to highs in Gold. I know what tends to happen everytime Gold does this. The Empire comes in and massively shorts it. Will trail my stops now. I anticipate once again a full scale onslaught on its price. I would be delighted to see otherwise but at least in the Globex this promises a counterattack.

Everytime Gold spikes high and close to 'breakout' when all the momentum traders get excited they hammer the price. Is this time different?

flaunt
Jul 8, 2011 - 8:59am

To my man, flaunt

Flaunt you've been around here long enough to know that "QE Can't and Won't Ever End". August, September...it doesn't matter. It will continue. There are NO OTHER OPTIONS.

Marlon Brando
Jul 8, 2011 - 9:02am

Totally weird that Gold

Totally weird that Gold surges at a higher percentage than silver. They are capping silver by selling into the rally I have to conclude.

Piece of Gold - Peace of Mind
Jul 8, 2011 - 9:02am

Birth Death model adjustment

Birth Death model adjustment added 131K jobs in June, so the 18K jobs added really was worse than it looks.

flauntTF
Jul 8, 2011 - 9:03am

:)  Yes I know QE will never

:) Yes I know QE will never end... I'm just foolishly trying to time some swing trades and thinking Jackson Hole in August will prove to be when the bearded clam unleashes another round.

paulindoon
Jul 8, 2011 - 9:04am

ALL analysists were wrong

What really struck me with the report just out is that ALL (way over paid) economist were wrong as actual 18K versus lowest expectations of 105K really shows how worthwhile it is to pay attention to all these well educated economists.

Well as TF wrote, we have each other to help & share our knowledge with.

And yeah, keep stacking that physical.

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

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

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

Forum Discussion

by Solsson, 3 hours 55 min ago
by Pete, 7 hours 47 min ago
by SteveW, 8 hours 30 min ago
by Phoenix79, Oct 17, 2019 - 6:28pm
by NW VIEW, Oct 17, 2019 - 4:40pm