We will report the economic data released this morning below, even though we believe the numbers coming out of Washington are meaningless gibberish. All investors need to know is the globalist White House is destroying the U.S. currency, spinning up crime, and doing everything possible to destroy our economy as we know it.
But the market remains high you say? Why is that you say?
Because, financial assets are not trading on intrinsic value, or a present value of expected cash flows, they are trading on unlimited printed money. Here we call it 'quantitative easing' but in banana republics it's just called printing money.
I wrote about this in my first novel -- Currency.
The Federal government runs out of money to pay its bills in three days.
There is a vote coming to raise the debt ceiling.
The best thing to do would be to cut Pelosi and Schumer off from the free money, like an out of control college kid with Daddy's credit card.
However, dirty Mitch McConnell will probably let them off the hook again.
The only way plausible way forward to get our country back is to have a real old-fashioned 'come to Jesus' meeting in Washington...meaning, it's time to pay the piper and get our financial house in order for our descendants.
How in the world do you trade this market? You look for under-appreciated assets that have been left behind for years. These would be under-valued commodity-oriented stocks, energy, gold, etc.
Bonds are a joke. There is no yield. Bondzilla is coming with his interest spike ray gun.
As we have said, buy things you can touch, as the currency will be devalued as well.
We believe we will get our country back but we have to go through some pain.
It's not different this time -- Bondzilla is coming.
Housing Price Index (MoM) (Sep) printed at 0.9%.
S&P/Case-Shiller Home Price Indices (YoY) (Sep) printed at 19.1% vs 19.3% estimate.
Chicago Purchasing Managers' Index (Nov) printed at 61.8 vs 67 estimate.
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