Thursday February 21, 2019
General Knowledge Quiz – which country are most Syrian refugees heading to right now?
Photo article Joshua & his snowball (this might be my 2019 Christmas card)
Photo article two - snowballs and cat in the snow

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Data shows the US Economy is very weak indeed but rates will rise - Peter Schiff

Please share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

Peter Schiff is a libertarian a gold bug and a hero of mine. So I listen to what he says. His latest podcast - not surprisingly - has a similar world view to mine. The Fed is now indicating it needs evidence that  the Q1 weak economic data is transitory and not a trend.  This is interesting for 2 reasons.  The Fed’s narrative has always been to tout economic growth even in the face of flimsy or no supporting data.  Now the Fed is actually admitting there is weakness.  The other interesting thing is that, although the Fed continues to claim it is “data dependent”, it has been ignoring the economic data ever since the first rate hike.  The market puts chances of a June rate hike at almost 100%.  Maybe that is because it believes the Fed will raise rates regardless of proof.

Read the full article on ShareProphets | Comments
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