The FED didn’t raise interest rates in September and this comes as no surprise to any listener of this show. Raising interest rates right before a presidential election is extremely improbable and our economy is not as strong as the “experts” believe! Steve Eiseman also has been in the news recently for his view on the economy. Steve Eiseman is the real life guy from the movie, “The Big Short.” This guy made million shorting subprime mortgages in 2007. He sees things will continue to slug along until the world loses faith in QE (money printing). Our economy has some rough times ahead. It’s best to prepare now while you still can!
The EpiPen story has been huge these past few weeks and this story actually shows us a lot of what’s wrong with the “system” today! EpiPen now costs $300 for one syringe and when it first came out in in 1977 it cost $57! How is it the cost of … [Continue reading]
Janet Yellen and the FED are giving a very confused message to the markets. Janet Yellen sounds like she wants to raise interest rates but she wants to wait for data to confirm it while other dovish FED governors want to raise interest rates in … [Continue reading]
James Grant, in a recent interview, discusses what he sees going on in the U.S. economy. James makes the point that in 5,000 years of world history negative interest rates have never happened before! This is how absurd negative interest rates are! … [Continue reading]
Janet Yellen’s recent comments at Jackson Hole on August 26th are really much of the same stuff. There is a few things in Yellen’s speech that are quite revealing. Yellen suggested that QE4 (more money printing) is on the table and even negative … [Continue reading]