Lee AdlerThe withholding data is the real deal. It continues to show the US economy growing rapidly. Inflation will continue to run very hot, and the Fed will remain under pressure to reduce QE. That showed up this week in Powell’s statement that the Fed will stop saying the bad word, “transitory” because people misunderstand what the Fed means by it. We know otherwise.
Did you notice in yesterday’s press conference how Jerome Powell kept clearing his throat. He was apparently choking on the vomit of his own double talk. The lies, self contradiction, and obfuscation were breathtaking. This man has no conscience. But then, he’s a central banker. What should we expect.
It’s a good thing that Powell doesn’t own a big bond portfolio.
The stock and bond markets face a triple whammy at the end of this month. In this report I’ll show you what those three things are, why and how they will impact the market, and what you should do about it (subscriber version only). These three things will pose a grave threat to the Treasury market, to short term interest rates, and ultimately to the stock market.
The stock and bond markets face a triple whammy at the end of this month. In this report I’ll show you what those three things are, why and how they will impact the market, and what you should do about it (subscriber version only). These three things will pose a grave threat to the Treasury market, to short term interest rates, and ultimately to the stock market.
Wall Street wiseguys and the mouthpieces of the Mob @CNBC and @WSJ don’t know it yet, but the US economy went over a cliff in the last two weeks. They don’t know because they’re not tracking the real time Federal tax collection data like we are. And that data shows us that’s what happened.
I wanted to take a short break from my short vacation to get this post out. I’ll take a few more days hiatus and get…
Withholding tax revenues rose sharply again in May (chart in subscriber version). Non withheld taxes also rose sharply. The economy is growing faster than the…
Withholding tax revenues exploded higher in April. Everybody knows the jobs number will be huge. The withholding data says not huge enough. But I’m not…
Back on February 5th, I wrote in this report: The withholding data strongly suggests that more stimulus isn’t needed. As vaccine distribution widens, the economy…
The US Treasury’s attempt to rescue the Treasury market began in mid February. It’s not going well. They’ve managed to stop the hemorrhaging. Prices have…
Last month, I headlined this report, “We Don’t Need No Effin’ Stimmy.” That’s even more true now. Withholding tax collections are skyrocketing. It’s good news…
And I’ve spewed a whole lot of words over the past 3 weeks. Scary words. Words including warnings that one of the titans of the…
You must be logged in to post a comment.