Sun, 28 October 2018
Our FEATURE today focuses on the dilemma faced today by most equity investors and market observers. Will this correction that is close to 10% in all the major indices continue its' decline? What are the chances that there will be a major bear market? A recession? The Myth Buster has written 2 books on BOOM & BUST CYCLES and has taught classes on this topic for over 20 years and researched the topic extensively. He has also forecast all the major market sell offs and recessions since 1987. This is a perfect time for the listener to get this history in focus. Other topics included are: The parabolic highs of 2018, The market myths debunked, Q3 GDP, Trump hammers Jay Powell at the Fed, Wells Fargo still doesn't get it, The Caravan phenomena and Grand Theft at the Post Office.
Direct download: TMB-18-10-28-11-boom-bust-cycles-will-2019-be-12.mp3
Category:News & Politics -- posted at: 11:25am PDT
Sun, 21 October 2018
TARIFF WAR: WILL THE CHINESE KICK APPLE & GENERAL MOTORS OUT OF CHINA? WILL THEY BLOCK THE DISNEY/FOX DEAL?
Our FEATURE today focuses on the prospect that the Chinese government may be planning a major retaliation to President Trump's imposition of tariffs on their exports. One, they are permitting their currency (yuan) to devalue vs the US dollar making their exports cheaper. Two, they are in a position to prohibit the merger of Disney and Fox which will curtail 40% of their movie box office receipts.Three, they could kick Apple, Inc out of China which accounts for 18% of I Phone sales and Four, demand that General Motors end all production of its' cars in the country. These options may seem absurd to many but given China's action in the past re other US companies this type of action is possible. Its' impact on employment in the US is a major factor. Other topics include: The contradiction and dilemma of US investors, Greed, Hope & Fear, Good, Bad and Ugly, Bad day at Blackrock, Consumer prices rise, Pump prices stay high, The 200 day moving average is breached, Euro banks are buying GOLD, Real estate is suffering from a perfect storm, Tom Steyer attacks Arizona, Trump brings relief to California and Where has Jamal Khashoggi departed?
Direct download: TMB-18-10-21-Tariff-War-will-Chinese-Plan-Major-Retaliation.mp3
Category:News & Politics -- posted at: 11:08am PDT
Sun, 14 October 2018
DOES THE MARKET SIGNAL A MAJOR SELL-OFF OF 20% to 40% OR A SHORT -TERM CORRECTION? TRUMP SAYS THE FED IS "CRAZY"!
Our FEATURE today focuses on the major stock market sell-off that occurred last week. The "soothsayers" on Wall St were quick to respond as they always do: "You're in the market for the long term ; Don't try to time the market; Don't sell!; It's a buying opportunity ", etc. This mantra may be appropriate for those under age 60 who may live long enough for their assets to recover but what about those of us who in all probability may not live to see the market recover and will need to withdraw funds from our account to live on and for emergencies? We have suggested over the past several weeks that it was time "to take some money off the table in event the sell-off would continue". We hope that you did so. We discuss what could lie ahead and the factors that would support the continuation of the bull market and what could cause a bear market. Other topics include: The sudden increase in the gold price could signal the end of the cycle in financial assets and the beginning of hard assets, The US dollar correlates, Employees borrowing from their 401 (k)s and defaulting is impacting a secure retirement, Why China is growing more belligerent, Oil to $100/bbl?, GOOG's Good Server condemns free speech and Hillary says "You can not be civil" .
Direct download: TMB-18-10-14-Sell-off-or-short-term-correction.mp3
Category:News & Politics -- posted at: 10:04am PDT
Sun, 7 October 2018
Our FEATURE today focuses on the lifeblood of the US economy-the Federal Reserve Monetary Policy. The perception to most citizens is that the Fed is moving from a policy of Quantitative Easing to one of Quantitative Tightening which is resulting in higher interest rates. NOT as simple as that says Matt Klein in a feature article in the October 1st issue of Barron's Magazine. He says that the Fed has raised rates 2 points since the end of 2015 whereas The Bank of International Settlements (all the world's banks central bank) says that it has already tightened policy by the equivalent of 5.1 points since the "shadow rate trough"in May 2014. To add to the confusion Klein says that US corporate borrowing costs have plunged during the past 2 years which has fueled the stock market boom and Fed Reserve Gov Ms Lael Brainard says the Fed now needs to "tighten a lot more" to get the results the officials want. The question is, what does the Fed want? Other topics include: The "Generals" take a big hit, Tech shares get pummeled by higher interest rates, Car sales also plunge, Palladium soars 30%, Amazon employees are selling us out, MAMA MIA! Italians revolt, Commodity experts say paper assets will fold, The new NAFTA is the USMCA - the New World Order's dictum, the truth about Dr Ford and El Nino's return?