Economy is Weakening But at Least the Cost of Living is Rising – Ep. 63

* Bad economic news coming in is more a deluge than a trickle * Dollar continuing to drift lower since "patience" was removed * New Zealand Dollar record high against the euro and the Australian dollar * New Zealand enjoys a strong currency, economic growth, low inflation and low unemployment * Swiss franc had a strong day today * Chicago Fed National Activity Index revised down to -.11 * Three consecutive months of declining numbers * Deteriorating numbers reflect pattern similar to pre-QE3 months * Existing home sales number below estimates * February new home sales up, however * Richmond Fed Manufacturing Index -8, twice as low as most negative forecast. declining 4 times in 5 months * CPI came in at .2%, exactly as expected; core up to 1.7 * Price of ground beef up 19.2%, at a record high * The jobs numbers are a lagging indicator * We are likely to see a jobs number downturn based on less optimistic assumptions * Weaker jobs number will keep rates low * The only thing that might drive rates higher is inflation, but goal of "medium term" is vague * Weaker economy and higher inflation will cause dollar to drop * When inflation is the only focus, it will be obvious that the Fed cannot raise rates, driving dollar down * A currency crisis will finally force the Fed to raise rates Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy