The Liberty Advisor Show W/ Tim Picciott
Business:Investing
Full video here: https://youtu.be/1wbYFnHxOfY
Hi Everyone this is Tim Picciott it is Dec 4th and welcome to episode 40 of the liberty advisor podcast
Man what a tale of two days. Yesteday the market was up over 500 points and today the dow finished down nearly 800 points.
Other big losers included Nasdaq down 3.8 russel down 4.4 S&P down 3.24% and the ten year treasury is back under 3% at 2.912%.
Yesterday a lot of people were optimistic that we’ve come to an agreement with the Chinese.
To me is doesn’t matter whether we have an agreement or not. This crash is has been baking for a long time and now that the FED was dumb enough to believe they could raise rates this many times the crash that has been baking is almost ready to be taken out of the oven
And whether the Chinese and the us have a trade agreement is material. Now if the 25% tariffs were enacted katy bar the bar boom instant recession. That would be like a ton of lead weights to break this camels back and we’re at the point where this camel couldn’t handle another straw but in terms of taking weight off the camel this agreement does very little in terms of taking pressure off. It only avoiding a major self inflicted wound
All along I thought the president was just BS ing. There was no way he could enact those types of tariffs. Doug Casey called tariffs an embargo on yourself and this is exactly what it is in my opinion.
Mike Tyson once said everyone has a plan till I punch them in the face except this time we’d be punching ourselves in the face.
So this temporary agreement did nothing meaningful except avert a self imposed disaster at the end of this month.
And if you are the Chinese yo are getting the raw end of this deal not the Chinese.
The Chinese give us real gooods and we give them digital Iou’s
If we head to trumps twitter feed you see his tweet from earier today about being a tariff man.
Bond market not buying it
Major headwind of QT that has nothing to do with fed funds rates
All of this spells disaster.
If purpose of WE was to raise assets now those asset prices are coming down. Prepare yourself today.
CTN 03/29/20: The Fed Has Gone Wild; The Economy is Circling the Drain & Freedom is the Answer
CTN 03/28/20:The Military is Here & the Government is Taking Over Your Rights! Will You Go with It?
CTN 03/27/20: This is Not Over. Everyone Just Stay Calm. The Fed's Cure is Worse Than the Disease!!!
CTN 03/26/20: Record Unemployment: People Are Optimistic, but Should They Be? Cases SURGE in New York & Is a 2nd Stimulus UBI Coming Already?
CTN 03/25/2020: BREAKING: Biggest Bailout in History. Stimulus Bill Passed. This is Not Over. It's Not a Snowstorm. This is Economic COLLAPSE!
CTN 03/24/20: Trump Wants to Re-Open Economy. Is it Too Little, Too Late? The Fed's Major Moves So Far & What You Need to Know
CTN 03/23/20: It's like 2008, but on STEROIDS!!! Democrats Block Stimulus Package & UBI
CTN 03/22/20: It's Official! We're Now Living in Communism
CTN 03/21/20: This is MADDENING - The Game is Rigged!
CTN 03/20/20: This Is Worse Than The Great Depression! Instead Of Warning Us, They Profited!
CTN 03/19/20: Tulsi Pulled A Fast One On Everyone! All The News You Are Not Hearing Away From The Distractions.
CTN 03/18/20: This Is Going To Be WORSE Than 2008!
CTN 03/17/20: UBI Is Here & What Did Trump Just Do To The Economy!!!? Where Are Things Headed From Here? Interview With Medical Professional
CTN 03/16/20: The Day of Reckoning is Here!!! What's Really Happening with the Economy
CTN 03/15/20: The Writing is on the Wall: PAY ATTENTION!!! World Virus & Economy
CTN 03/14/20: Caused Cryptos To Crash??? Crisis At The FED More Drastic Measures Ahead!!!
CTN 03/13/20: Was 2008 Just a Warning? Could this be the WORST CRASH of All Time???
CTN 03/12/20: Why Did the Market Reject Fed's $1.5 TRILLION Funny Money? Things are Getting Crazy with the Fed & VIRAL Spread
Who "SAVED" the Markets? Examining Trading Economics - The Tim & John Show, Episode 6, P 1
Third Worst Open EVER for the S&P 500: Tim & John Episode 5
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast