by Mac Slavo, SHTF Plan:
The Trump administration raised tariffs another 5% officially on Wednesday, prompting angry warnings from retailers about price increases on goods such as toys before the holiday shopping season. It sure looks like the punishment on the already cash strapped American consumer will not abate anytime soon.
More than 160 other business groups, including the National Retail Federation, Retail Industry Leaders Association, and Association of Equipment Manufacturers, have urged President Donald Trump to postpone the tariffs, warning they would hit Americans in the middle of the busy holiday shopping season.
The stock market was trading at an all-time high valuation of 150% of GDP this January. That was indeed the bell rung at the very top. Stocks have since started to roll over, but valuations are still at 140% of the underlying economy. And that is, historically speaking, way off the chart. The average of this metric was around 45% throughout the decades of the 70’s thru the mid-1990’s. Therefore, the market is screaming for investors to hit the sell button now while there are still ample bids left. But, if your complacency and procrastination prevent you from realizing the truly dangerous bubble in equities right now, here are eight of the most salient reasons why you’ll definitely need to find the nearest emergency exit before this fall.
Given the current circumstances and, frankly, just for fun, I thought I’d make today’s podcast a free, public thread for all to enjoy.
RECORD SETTING 27000 EFP ISSUANCE FOR GOLD AND A GAIN OF 8000 OI CONTRACTS DESPITE A $28.90 LOSS IN PRICE/MERKEL GOVERNMENT IN TROUBLE DUE TO IMMIGRATION POLICY/AUDI CEO ARRESTED IN GERMANY/SWAMP STORIES
A new report which analyzed key global warming metrics such as Global Average Surface Temperature (GAST), the NOAA and HADLEY, confirms President Trump was correct in pulling out of the Paris Climate Agreement.
Repos & dollar liquidity swaps on their way out. SPVs declined. Hardly bought any corporate bonds & ETFs. MBS flat. Treasuries ticked up.