October 25th Update and Commentary – Keeping perspective and staying focused on the big picture

I have uploaded a podcast for October 25,2018. Click here to go to the show archives page to listen and look at the relevant links or you can listen on the link below. You can also right mouse click here to download the podcast.

-Do not get diverted by partisan politics and hard-wired biases
-The central banks are trying to tighten despite tepid data. The only country looking OK is the US, but the tighter Fed policy will ripple around the world.
-The ECB is disappointed in the economic data, but is trying to tighten. It is following in the Fed’s footsteps
-The upcoming bust was planned in advance and the relaxed policy after 2012 sealed its fate.
-Cash is king. Interest rate increases and tighter policy always cause every bust under the private central banking system
-An analysis of the system over the past few decades
-Stay in cash as much as possible. I have been saying this since Steve Mnuchin opened his mouth on January 26th, yammering about a weak dollar, and Greenspan’s famous 1/31 unwinding long-term bond bubble interview.