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Bond King Message:  Jeffrey Gundlach , CEO of DoubleLine, That's the gloomy outlook Jeffrey Gundlach , CEO of DoubleLine, delivered to CNBC CNBC Interview Monday April 27 on Monday as the stock market staged a strong rally in the face of what he believes is too much optimism. "People don't understand the magnitude of... social unease... that's going to happen," Gundlach explained. "We've lost every single job that we created since the bottom in 2009." With that in mind, he revealed that he just shorted the S&P at 2,863.

Watch the US Debt Clock. The REVENUE is Running BACKWARDS!  Click Here for LIVE Data Is this Good? What does it Mean to have Revenues running Backwards? Why?       Note that Consumer Spending makes up over 70% of the GDP.  This chart is showing the results of having US citizens sheltering in Place.  The fact that consumer debt is at an ALL-TIME HIGH. Consumers are tapped out on too much credit card and mortgage expenses relative to their incomes.  Many US consumers, over 10 million and climbing have lost their jobs as a consequence of protections from the COVID19 virus pandemic.Note as a result of 2008 recession unemployment jumped to 10%. Todays unemployment is expected to jump to 30%! Most "non-essential" retail/service stores are closed. Use of travel in all forms: auto, bus, train, airlines has dropped more than 50%. Many destinations in US and Worldwide that depend on tourist traffic are deserted. Gasoline use and traf...

What is GDP and How is it Calculated   GDP Genesis GDP comes from the Commerce Department’s Bureau of Economic Analysis. Compiling it is a giant, difficult, never-ending task, one the BEA staff takes seriously. From time to time, we hear stories about political interference, but I think that unlikely. Too many people are involved to keep any such efforts secret. The BEA has a handy, colorful, two-page sheet on its website that explains today’s GDP in big letters. Here is how they define it. Source:  BEA

The U.S. Federal Deficit Is About to Soar    By  Tom Dyson  March 28, 2020 "...I used to work for the “repo” (short-term loans) desk at Citigroup. So when I started studying the markets again in 2018 after my two-year sabbatical, it was the first thing I noticed. “The plumbing beneath the banking system is blocked,”   I wrote . The cause: Enormous amounts of cash the government was soaking up and the inability of the banking system to meet its appetite. As I warned many times last summer, if they didn’t unblock the money markets things would “start blowing up.” Things blew up on September 17, 2019 when the interest rate on short-term loans spiked from 2% to 10% in a matter of minutes. The Fed turned on its printing press and began bailing out the government. It couldn’t let the government collapse financially. That was the moment I was sure we were about to get inflation...." Further reading... Comment: It nice to hear from someone with...

George Gammon gives the BEST EXPLANATION for Economics EVER! It is Fascinating! Enjoy, Norton West | Real Estate-a Look Ahead | Long-term Real Estate Cycles |

April 2, 2020 US Treasury Bill Yields ~ ~Next up.....Negative Yields, so you will be PAYING the BANKS to hold money in a SAVINGS ACCOUNT: THESE ARE NOT NORMAL OR SUSTAINABLE TIMES!~~Norton West~~ United States Yield Day Weekly Monthly Yearly Date US 10YR 0.62  0.01 -0.01% -0.18% -0.39% -1.89% Apr/02 US 1M 0.06  0.02 0.02% 0.10% -1.06% -2.36% Apr/02 US 3M 0.10  0.02 0.02% 0.13% -0.86% -2.34% Apr/02 US 6M 0.14  0.01 0.01% 0.13% -0.71% -2.31% Apr/02 US 52W 0.15  0.00 0.00% 0.03% -0.56% -2.26% Apr/02 US 2Y 0.22  0.02 -0.02% -0.06% -0.51% -2.12% Apr/02 US 3Y 0.27  0.01 -0.01% -0.07% -0.47% -2.02% Apr/02 US 5Y 0.37  0.00 0.00% -0.10% -0.40% -1.95% Apr/02 US 7Y 0.53  0.00 0.00% -0.15% -0.38% -1.88% Apr/02 US 20Y 1.22  0.01 0.01% -0.15% -0.41% -1.71% Apr/02 US 30Y 1.26  0.03 -0.04% -0.14% -0.38% -1.68% Apr/02 Click to read more...Trading Economics

Gold Ounce to IMF Special Drawing Rights Chart This Chart lets you see this pair's currency rate history for up to 10 years! XE uses highly accurate, live rates. This shows how the value of US Dollar relates to SDR as expressed in US Dollar to Gold(XAU). When it takes more us dollars to pay for an SDR in terms of Gold (AUX); that means the US Dollar is WEAKENING! My Comment: A year ago it took about $950 to pay for one SDR in Terms of ozs. of Gold. Today it takes about $1200 of US Dollars to pay for one SDR in Terms of Gold; thus, the value of the US Dollar has dropped in terms of Gold and the SDR World Monetary Currency. This is a trend line for replacement of the US Dollar as the World Reserve Currency by the IMF(INternational Monetary Fund), i,e, the SDR will be the new World Reserve Currency in lieu of the US Petro Dollar. Be prepared. XE Currency Charts With this convenient tool you can review market history and analyze rate trends for any currency pair. All charts...

  Wednesday, April 01, 2020 Currency Unit Currency amount under Rule O-1 Exchange rate  1 U.S. dollar equivalent Percent change in exchange rate against U.S. dollar from previous calculation Chinese yuan 1.0174 7.10370 0.143221 0.075 Euro 0.38671 1.09425 0.423157 -0.055 Japanese yen 11.900 107.58500 0.110610 0.976 U.K. pound 0.085946 1.23800 0.106401 0.158 U.S. dollar 0.58252 1.00000 0.582520 1.365909 U.S.$1.00 = SDR 0.732113  2 -0.081  3 SDR1 = US$ 1.365910  4 Click Here for more details More details....SDR Valuation Footnotes 1. The exchange rates for the Japanese yen and the Chinese renminbi are expressed in terms of currency units per U.S. dollar; other rates are expressed as U.S. dollars per currency unit. Chinese renminbi refers to the name of the currency, while Chinese yuan refers to the currency unit. 2. IMF Rule O-2(a) defines the value of the U.S. dollar in terms of the SDR as the reciprocal of the sum of the equivalents in U...

Monitoring Real Activity in Real Time: The Weekly Economic Index 74 Liberty Street Economics by Blog Author Daniel Lewis, Karel Mertens, and Jim Stock 3/30/20: After this post was published, we received requests for the underlying WEI data. We are providing that here in a downloadable file. Note that the values differ slightly from those plotted due to a minor methodological adjustment since these charts were created on Friday. Monitoring Real Activity in Real Time: The Weekly Economic Index Economists are well-practiced at assessing real activity based on familiar aggregate time series, like the unemployment rate, industrial production, or GDP growth. However, these series represent monthly or quarterly averages of economic conditions, and are only available at a considerable lag, after the month or quarter ends. When the economy hits sudden headwinds, like the COVID-19 pandemic, conditions can evolve rapidly. How can we monitor the high-frequency evolution of the econo...