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TFMR Podcast - Monday, December 12


The stage is set for an eventful four days ahead. We attempt to prepare for the expected volatility but you're going to hear a lot of "we'll just have to wait and see" and "no one knows for sure" in this podcast.

But there were a few things to discuss today, most notable the latest U.S. monthly budget deficit. I'm old enough to remember when $250B was the ANNUAL deficit and it was alleged to be a crisis of fiscal irresponsibility. Now it's $250B in a MONTH and no one cares. Be sure to note, too, that tax receipts are down 10% YoY, which is a sure sign of a faltering economy....

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Key Economic Events Week of 3/27

3/28 9:00 ET Case-Shiller home prices
3/28 10:00 ET Consumer Confidence
3/28 10:00 ET Vice Goon Barr on banks
3/29 10:00 ET Vice Goon Barr on banks
3/30 8:30 ET Q4 GDP second guess
3/30 12:45 ET Goon Collins
3/30 3:45 ET Mother
3/31 8:30 ET PCE and Core PCE
3/31 8:30 ET Personal Inc and Spend
3/31 3:00 ET Goon Williams

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