Peter’s weekly commentary on financial data, national and global news and how to survive the coming financial crisis.

Yellen Continues to Talk What the Fed Can’t Walk – Ep. 94

This podcast comes from my hotel room in Las Vegas, as I am attending Freedom Fest Janet Yellen received a standing ovation at the end of her talk, and I can't understand why... Headlines from the talk report "Rates to go up by the end of the year" Actual quote:"Based on my outlook, I expect [...]

By | July 11th, 2015|PODCAST|0 Comments

Out of the Frying Pan Into the Fire – Ep.93

Over the weekend the Greeks voted no to the Eurozone bailout terms The Greeks ars still hoping for a better deal, hoping to avoid austerity The irony is that the consequences of their vote will bring on even more austerity, as a return to the drachma will result in a lower-valued currency For example, pensioners [...]

By | July 7th, 2015|PODCAST|0 Comments

Obama Takes the Credit, Workers Suffer the Consequences – Ep.91

One more time President Obama seeks to buy Democratic votes with a free lunch by appealing to workers Promising more overtime pay, to go into effect in 2016 Raises the threshold for overtime pay requirements Workers who earn salaries of $50,000 or less must be paid overtime for hours worked over 40 hours per week [...]

By | July 2nd, 2015|PODCAST|0 Comments

For U.S., Puerto Rico Bigger Tragedy than Greece – Ep 90

Global stock markets got beaten up overnight and the carnage continued here in the U.S. Dow Jones down 350 points by closing bell - biggest point loss of the year NASDAQ down 122 points Possible Grexit sparked sell off in FOREX markets Banks in Greece closing, sending masses to the ATM machines Euro ended up [...]

By | June 30th, 2015|PODCAST|0 Comments

Help Me Correct Wikipedia’s Liberal Bias

[fusion_builder_container hundred_percent="yes" overflow="visible"][fusion_builder_row][fusion_builder_column type="1_1" background_position="left top" background_color="" border_size="" border_color="" border_style="solid" spacing="yes" background_image="" background_repeat="no-repeat" padding="" margin_top="0px" margin_bottom="0px" class="" id="" animation_type="" animation_speed="0.3" animation_direction="left" hide_on_mobile="no" center_content="no" min_height="none"] In reviewing my Wikipedia page, I noticed some information that is either wrong or narrowly slanted to promote a negative impression of me. We've tried to correct the issue, but Wikipedia [...]

By | June 26th, 2015|PODCAST|0 Comments

Greece is a Sideshow. U.S. is the Main Event – Ep.89

It looks like there is going to be some kind of deal to avoid the "Grexit" Greek's exit would be great for Europe, but it would not be politically attractive for either side As long as Greece stays in the Eurozone, the Greek government can continue to blame Germany or Brussels for their problems So-called [...]

By | June 23rd, 2015|PODCAST|0 Comments

Yellen Almost Admits Fed Not Ready to Raise Rates

Today was the expected day for expected rate hikes, indicating economic "lift-off" The June rate hike is off the table and everyone is focusing attention on September The prepared remarks are just a smokescreen to maintain the pretense that the economy can withstand a rate hike The Q&A session after the the prepared remarks were [...]

By | June 18th, 2015|PODCAST|0 Comments

Wall Street Begins to Question Fed’s Narrative – Ep. 88

Dow under pressure on the back of EU talks with Greece There is a lot of room for the market to decline pending the Fed's announcements The consensus is that rates will hike September or later If Fed does not rates in September, Election year next year might also put off rate hikes Bloomberg article [...]

By | June 18th, 2015|PODCAST|0 Comments

Con Job Report – Ep. 87

Once again, a week of worse than expected economic data punctuated by another better than expected non-farm payroll report from the government ADP private sector payroll report was slightly below estimates 5,000 manufacturing jobs lost - 3rd consecutive monthly decline Unemployment rate dropped Labor participation rate up to 62.9 - .2% above lowest point Large [...]

By | June 10th, 2015|PODCAST|0 Comments