Just when you thought it was safe to short Tesla, the Middle East blows up. The US does a targeted assassination of Iran’s number 2 and it’s off to the races. Gold took off and blasted through the pesky $1550 resistance point. While metals have pulled back they’re still well ahead. The big question is how much more abuse can the global financial system take? With debt levels continuing to escalate, we could be reaching that tipping point. However, we’ve been here before. And what about Brexit? No one really knows. But John thinks they can make it on their own without the EU. 

Direct download: John_Rubino_06.Jan.20.mp3
Category:general -- posted at: 8:01am EDT

Following the headline decline for Conference Board Consumer Confidence in November, analysts are expecting an exuberant bounce in December as every asset class rose majestically (despite retail sales slowing).

But, despite record high stocks, the headline consumer confidence data disappointed, printing 126.5 (down from the upwardly revised 126.8) and well below the hopeful 128.5 expected.

While the Present Situation picked up modestly, the Future Outlook weakened:

  • Present situation confidence rose to 170.0 vs 166.6 last month

  • Consumer confidence expectations fell to 97.4 vs 100.3 last month

Direct download: Brad_Williams_06.Jan.20.mp3
Category:general -- posted at: 8:00am EDT

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