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That's OK. He only had a 5% chance of beating Hillary last go-around........

I have little faith in JP Morgan's economic models, as they are likely quite Keynesian.

Well, all MSM said Hillary would be President. There’s 3 types of lies: Lies, damn lies, and statistics.

Which is rediculous considering there were ZERO rate hikes under Obama. It’s not rocket science figuring out what would happen once they started raising them under Trump.

The fed reserve has been a form of socialism for many yrs🤔

70% of the time it happens everytime.

Make Helicopter 🚁 Ben Great Again!

You are right that if we are in a recession the summer of 2020 no way Trump can win. And Democrats will do their very best to make sure the country is in a recession then by taking away tax cuts, pushing through more regulations, and increasing government control.

The establishment is using the FED to hang Trump he is rocking the boat too much and might get some of the deep state locked up or worse

The coming Pelosi-Waters-Cortez RECESSION as the DIMMS will want to TANK the economy leading to 2020.

So Peter, what do you propose for a solution to the shift to the left? It was logical that the markets would drop once Americans elected left leaning Democrats to take the House.

The GOP will keep the Senate in 2020 though.

Well US had a decent run. Just kidding. The people running the show were as moronic as the people who voted them in. Maybe next time countries will quit trying democracy and perhaps a good time to replace it with a epistocracy.

Socialism is already there with trump.

"...goodbye to tax cuts and hello to socialism!" ... if that were the campaign slogan for the 2nd run, it would work. Too many in finance world seem to want the wrong things, imo.

Say good bye to very little tax cuts and hello more revenue to keep up with spending by both parties. Also their won’t be socialism

Why do recession odds sore along with job openings

It would almost be worth it to get you to shut up.

The chances of Shiff not being drunk are 0%.

Also watch what is going on in the UK regarding Brexit, TOTAL PANDEMONIUM!!!!

Trusting dimon is a fatal flaw. His bank portfolio is heavily invested in China

Socialism is not going to hurt anyone one bit. What we don't want is authoritarian politics and fascism.

All by design. The con is real. The Fed has created the biggest illusion of our lives.

The next presidential election isn't for 23 months--that's an ETERNITY in politics.

Nope! I don’t believe that for a moment. More people will still vote for Trump than a tax increase.

Signs of an entrepreneurial economy. Better than stagnation. Peter is so negative, yet bereft of solutions.

But we keep being told economy is booming... 🤔

We all are in for one heck of a ride pretty soon......😲 Everyone keep a good close eye on the US Dollar 😁 https://www.facebook.com/947923195389503/posts/1086265384888616/

It’s not rocket science. 😃

deficits don’t matter 😂😂😂

Jeremy Deegan this must be propaganda, trump has the best economy every, it’s trump, ... better than we thought!

Not sure where that tax revenue chart came from but it's not even close to accurate.

We all will wake up one day and everything will be so much different 🤔 https://www.instagram.com/p/BrH3eKOnQGs/?utm_source=ig_share_sheet&igshid=ljgarlg2dgpf

Things are going along, just as planned... ❤️❤️❤️

Does X mark the spot?

Government revenues are greatly enhanced on a strong economy that is fueled and SUSTAINED with the help of circulating market gold currency. The economy grows, debt is easily purged, the dollar gets stronger, standard of living goes higher .. etc ... etc ... oh ... and taxes are easily reduced. Debt is the underlying cause of unfair taxation. Someone's gotta pay ... make it the economic engine. https://i.imgflip.com/2o537e.jpg https://www.karatbars.com/?s=therooster

Gas prices are lower.

According to Chris Fawcett, the tax revenue chart isn't even "close to accurate".

Federal expenditure since 2011 and tax revenues since 2012 look like corrective moves. Once they play out, the surprises should be an impulsive move up for tax revenue and an impulsive move down for federal expenditures.

Who is winning what?:-)

Print!

If it wasn't for Brexit sissies, dollar would plummet

its almost like Peter is trying to talk down the economy to sell more gold??

Notice government expenditures cut household net worth.

Socialist communism sucks

Will they liquidate some of their mining rigs? I'm looking to upgrade my gaming pc, :)

This article was worth reading just to find out there is a crypto porn site called Spank Chain.

The same thing happed in the dot com bubble. 20 years later we have worlds largest company Amazon and Apple. The same thing will happen here in the crypto space.

Crypto paid off well for me. Almost time to buy again.

Like the gold bubble? You just got in early bro

A few more rate hikes(3-4) and that will be it. So sad that we cant even sustain 3% rate anymore, we are so addicted to debt in the west. Anyways, in the end, either we admit we screwed up by raising rates ourselves or the world forces us through higher inflation.

US government is manipulating the price. It's obvious. I'll keep hodling

The same thing happend after dot com bubble.

The coming Pelosi-Waters-Cortez RECESSION as the DIMMS will want to TANK the economy leading into 2020.

Congratulations on XAUMF not making a new all time low for the fourth straight day. I think you should do a podcast and talk about this for at least a few minutes. This has all the characteristics of a classic exit scam, I personally know of a few people looking to file a class action, rumors of fraud and insiders dumping stock abound, this is not a good look for you...

The ETCDEV guy said: "There are a few things that happened at the same time. I am sure if that happened a year ago, that wouldn’t be a problem at all, a year ago there was a lot of free money in the market. But in a bear market there’s a change." 🤣 If it had happened a year ago, it would have resulted in the same situation. There would be no free money in the market then either!

Just the result of corporate investors/“chasers” abandoning the marketplace. It’s not a bad thing. Those philosophically aligned with reality and onboard with viable long term strategies will succeed.

Question every HODlers should be asking is even with the miners going out of business and decreasing the supply why aren’t bitcoin prices rising even tho it’s way below the cost of production.

Lol at crash.

have always maintained that Bitcoin is nothing but pure nonsense and it will eventually go to zero

Bubble. Bitcoin is 10 times more than 2 years ago. I hope it bubbles over the next 2 years a well then. That will be $25 000 a Bitcoin.

Buy low sell high :)

When this got started I knew within days of learning what it was that it would fail , I wouldn’t ever expect any other outcome .

When the master free market plan is P2P transactions (debt-free) that utilize the real value of the USD as a real-time pricing tool, don't look to an un-backed crypto for salvation. That economic renaissance is reserved for free market gold currency , by way of the law of weights and measures ? You gotta have the weight in order to fulfill the law. The law is clear. The law is just and the law could only come to practical fruition with real-time market pricing. Those currencies that don't adhere to the law do not get to use the measuring tools. They are ignored. https://media.makeameme.org/created/when-does-a-5924ae.jpg

Crypto has been great to those who know how to navigate it. It's a dangerous and risky world out there. I would guess we haven't hit bottom and expect a further drop to around 2600 to 2800 on Bitcoin. This isn't the end of Bitcoin and just part of this cycle.

Peter you seem to take joy in a future where people are dying in the streets weeping over their starving children.

Hello Peter, would you recommended shorting crypto here?

Yes, crypto was a con

Ivo Šarić NO idea that even Warren Buffet hates Bitcoin

Who could eventualy see this coming?