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Obama Takes the Credit, Workers Suffer the Consequences – Ep.91




* One more time President Obama seeks to buy Democratic votes with a free lunch by appealing to workers
* Promising more overtime pay, to go into effect in 2016
* Raises the threshold for overtim…


Published on 10 years, 5 months ago

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For U.S., Puerto Rico Bigger Tragedy than Greece – Ep 90




* Global stock markets got beaten up overnight and the carnage continued here in the U.S.
* Dow Jones down 350 points by closing bell - biggest point loss of the year
* NASDAQ down 122 points
* …


Published on 10 years, 5 months ago

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Help Me Correct Wikipedia’s Liberal Bias



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Published on 10 years, 6 months ago

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Greece is a Sideshow. U.S. is the Main Event – Ep.89




* It looks like there is going to be some kind of deal to avoid the "Grexit"
* Greek's exit would be great for Europe, but it would not be politically attractive for either side
* As long as Gree…


Published on 10 years, 6 months ago

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Yellen Almost Admits Fed Not Ready to Raise Rates




* Today was the expected day for expected rate hikes, indicating economic "lift-off"
* The June rate hike is off the table and everyone is focusing attention on September
* The prepared remarks a…


Published on 10 years, 6 months ago

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Wall Street Begins to Question Fed’s Narrative – Ep. 88




* Dow under pressure on the back of EU talks with Greece
* There is a lot of room for the market to decline pending the Fed's announcements
* The consensus is that rates will hike September or la…


Published on 10 years, 6 months ago

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Con Job Report – Ep. 87




* Once again, a week of worse than expected economic data punctuated by another better than expected non-farm payroll report from the government
* ADP private sector payroll report was slightly be…


Published on 10 years, 6 months ago

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Markets Still Fooled as Fed Plays “Let’s Pretend” – Ep. 86




* Short week closed with some horribly bad news
* People are not paying attention to the data; they are paying attention to the Fed
* Government released revision to the GDP: -.7
* The assumptio…


Published on 10 years, 6 months ago

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Currency Traders Still Buying Rate Hike Rhetoric – Ep. 85




* The U.S. dollar started out this morning on the defensive
* Government released CPI numbers generated a sharp reversal across the board
* Gold sold off, but closed slightly down against the dol…


Published on 10 years, 7 months ago

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The Fix Is In. Government to Rig GDP Again. – Ep. 84




* Earlier today latest FOMC minutes released
* Once again the weather is blamed for missed expectations, pretending the economy is better than it is
* Now the Fed dismiss numbers as inaccurate, beca…


Published on 10 years, 7 months ago





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