Jeff Deist – The disconnect between markets, the economy, and politics
President of the Mises Institute, Jeff Deist joins me today to discuss the continued disconnect between markets and the underlying economy and politics. We look at how a select few stocks are driving markets higher including Amazon who’s stock just exceeded $1,000!
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CENTRAL BANKS ….buy $1.5 Trillion in assets………..zh
Mistrust no. 1
CREDIT CARD defaults soar…….most since 2009………zh
Mistrust no. 2
COMEY……is a LEAKER……….
Mistrust no.3
The most ridiculous facts, however:
Hillary Clinton set up her own server to receive classified emails…..a known crime.
Hillary Clinton used pay for play and extorted allies out of billions of dollars…..known crimes.
Hillary Clinton used the Clinton Foundation to evade hundred of millions in taxes…..known crime.
Hillary Clinton and the Clinton Foundation cheated people and other charities out of billions of dollar, not used for specified purposes……known crime.
Hillary Clinton “sold” to Russia over 20% of US uranium……Traitor.
But no special investigation, no prosecution,
NO NOTHING!
Not Yet……..
Comey first, Lynch second, Hilly next………going to be a long year for all these law breakers.
CFTC……need to go after the other parties to the Russian uranium scheme….
I think some are still crawling around the mining sector…………..jmo
Seems to me the thinking concerning things is “off”.
for example, Everything clinton has done has got to be legal, if it wasnt there would be charges.
gotta be legal and people just look at it wrong.
I hope you’re joking.
thats gotta be the case, people just lookin at things the wrong way.
Like the manipulation of silver, LBJ came out and told people publicly they intend to make sure nobody makes coin from it.
Obvious manipulation, yet people wonder about it.
People see things wrong.
People should understand, the clintons, the pope rothchilds etc dont have laws applying to them, laws are only for the peons.
Its the peons that dont quite understand things.
Everything and anything the “elites” do is totally legal, fair and square, good for everybody.
And 99%+ of people obviously agree or there would be a revelution.
So, things are just as they should be, dont worry, be happy.
b….have you been in the weed again……. 🙂
lol
The clintons are going to get theirs……the Foundation is folding should give you a clue.
Comey, has been found to be an idiot.
The repubs are in charge and that was most evident yesterday. CNN, is Fake and will most likely have some reporters thrown in jail, for j walking…. 🙂
The round up has started, it just is not main street news……..Yet……. 🙂
People on this site, said Pedogate was not true…..Yet, this week, Session addressed the Georgia Law Enforcement on this exact subject………….fact not fiction… 🙂
People are getting the news, after 50 yrs. of corruption, and there are a few who happen to remember exactly what happened to JFK….the FED. FRAUD…..and now everything is coming unraveled…..thus ,we have today’s subject matter…….1,2,3 real simple.
nice if ur right jerry.
Remember Trump has the tweeter…….and that is going to take over FAKE NEWS… 🙂
I will have to admit……..a lot more work to be done……..everyone needs to stay informed…. best…….. thanks for sharing.
The clintons are going to get theirs……
I dunno, Jerry. Anyone who goes against the Clintons winds up dead…just ask Seth Rich…ooops…he’s dead. Or they wind up ruined or at the very least marginalized.
The Clintons are part of the club. They are connected to people even further up the food chain. Just my humble opinion but I think nothing will happen to the Clintons.
Hell, Trump even said the night of the elections that they are “good people.”
My guess is at best the Clintons just fade away, filthy rich, of course. If not they try to ram Chelsea down our throats.
Not to mention the disconnect between the holiness and profanity, good and evil, light and darkness, right and wrong, nature and homosexuality, truth and public education, divine origin and chance, life and Planned Parenthood, etc.
summed up in Head knowledge and Heart knowledge………
USD/JPY
Palladium up $15 in US,
up $28 in London.
and there is no manipulation in Gold or silver.
Yeh, Right!
that is quite a spread………..
But don’t worry, be happy…..
The stock market if going up.
Nothing like sailing in a ship of fools, with reefs straight ahead.
The C$ is at fork resistance and looks like it will get through it:
http://stockcharts.com/h-sc/ui?s=%24CDW&p=D&yr=1&mn=5&dy=0&id=p51317348751&a=521484960
Social Justice?
ATHENS, Greece (AP) — Protesters outside parliament have thrown boxes of fish at police during a demonstration ahead of a vote on new austerity measures.
Members of a communist-backed labor union hurled the crates of sardines at police as lawmakers debated the cuts, which were added to draft legislation on fishing regulations in attempt to speed up their passage through parliament.
Legislation smells fishy to me!
Greg Hunter:
Ira Epstein Morning:
Jeff Deist, has the Mises Institute ever heard of a crack-up boom, before a collapse?
Are we not in the crack-up boom right now?
Or do you not actually believe Austrian Economics?
I’m willing to bet that Jeff is as Austrian as they come.
I thought so too.
But are we not in a crack-up boom?
Is it simply Fed Reserve orchestrated boom.
Fed Fraud……..all need to go to Jail………
I am still crazy……….. DEBT JUBILEE…..is coming ….no way the banksters will survive…….Spanish Bank is starting the failures…..
It is a Fed orchestrated boom but not yet a crack-up boom, in my opinion. That fun is still ahead.
I agree with Investopedia’s definition of the crack-up boom:
A crack-up boom is the crash of the credit and monetary system due to continual credit expansion and price increases that cannot be sustained long-term. Often, banks will attempt to prevent a crack-up boom by halting credit expansion, which ends up backfiring and yielding the same results that the boom would have caused. Both scenarios result in an economic depression when the bubble finally bursts and the economic system crashes.
http://www.investopedia.com/terms/c/crackup-boom.asp#ixzz4jWbXaE4Q
Some think that it has already begun and I do understand their reasoning…
https://www.sovereignman.com/expat/the-crack-up-boom-has-already-begun-20093/
On the other hand, Jay Taylor thinks it is ending…
In case it’s not obvious, I completely disagree with Jay Taylor on this.
SGT Report:
Jeff’s gotta turn up his mic!
Speaking of Jeff…here’s an interview from TODAY that he did with Tom Woods….AND HE HAD HIS MIC TURNED UP! 🙂 GOOD STUFF!!!
Stock market might have reached a temporary peak near 2450 at 2446 and could be time for gold stocks to start a move up.
S&P now down 21 points from the peak. Vix up 9.8%
Hey : Just watched rerun of Nancy Pelosi , morning press talk on Demo agenda in house. Her detailed talk about Debt limit vote and the new budget proposals was informative. She also was asked what advice she would give Trump. she said she needed an hour to say it. her first recomend was the pres get more sleep. [Trump tweeted at 630 am eastern time today] . I agree . Article in WS Journal a few days ago , about Treasury Sec MUnchin , and the lonley hallways at Treasury building. almost all the offices near Munchins are empty due to lack of Trump offering appointments to high level Jobs at Treasury. The story says many offices have no names on the doors , and some still have names of Obama era deputys , who were all fired after Trump came into office. Its leagal to fire Super grade employees, but after 4 months should they now be replaced ?? S
Anyone who takes Nutty Pelosi seriously doesn’t know much about much when it comes to economics — or sanity, for that matter.
“Hey : Just watched rerun of Nancy Pelosi , morning press talk on Demo agenda in house. Her detailed talk about Debt limit vote and the new budget proposals was informative.
You misspelled comical. HTH.
Already a fact……….we have too many govt. workers. makes…..bloated govt. Decrease the number employees ,which will reduce the debt….and on going liabilities . Who cares if the entire floor at the Treasury is closed….all they do is create DEBT and Slavery for all. Next, it will reduce the chances the MIC will misplace another Trillion dollars.
As long as they give the FAKE FED. the opportunity to keep fleecing the Sheeple, The American people are better off without the DEBT. and the excess people , beside Muchine can run the one machine that prints the zero for the fake fed.
people who say we have too many gov emploees are not facing facts. .moxt gov employees are state and local employees . usa military and fed civil service workers are less than 20 or 30 years ago. Those who hate Nancy Pelosi, and others they disagree with , are foolish . I dont hate trump , but has a foul mouth and is a low class person. Just the way he fired Sally Yates , and Comey was nasty . I am so glad i voted for gary johnson Libertrian for President. The so called electoral college is antiquated and not working well . If popular vote is fair for govener , it should be fair for President . weneed contitutional amendment for getting rid of electoral college and for a term limit for congressmen and senators. Love and good health to you all S
Brain cells are missing in most people who think we need more govt…..Look at a pie chart sometime and see where your money goes.
USA military is full of National Guard people, there fore minimizing the need and making the number from 20 to 30 years ago look distorted. Might want to check out the budget for the Pentagon, which just loss thru accounting methods $8.6 Trillion
Nancy Pelosi needs a bigger gavel to beat her senseless head into submission, she is the one who help dig graves for the health care..”sign it so we can see what is in it” what an idiot., never sign anything before you read it……
Foul mouth,, you should hear some of the Demos this week…….
Comey deserved everything he got, ….I do not imagine you had time to listen to the squirrel , chasing a nut .
I can not disagree with you on the electoral college…..and term limits.
Ditto on the love and good health…………………Jootb
+1 Jerry
Most don’t grasp that government comes at the expense of prosperity and that government jobs, on net, take from the economy (by force). As you stated, Pelosi is an idiot and a dangerous one at that.
Matthew…….Ditto
Apple, Google, Microsoft, FB, Amazon down sharply now. SP fell 30 points from the peak. If these stocks are in trouble the rest of the market is too.
Flash crash on Amazon……zh……(down to $940 on the 15 sec. and back up )….
Oil is barely up but energy stocks are up sharply. Money might be going out of the big techs and into energy. I dumped my xop too early and it is up 3.9% now.
Oil stocks, in general, took a bounce today.
Cory, I don’t know if you are using a different computer or a different program but something has changed with your podcasts. Could you please go back to recording your podcasts in mono rather than stereo? If you are hard of hearing and listen with headphones as I do, one voice comes in one ear and one voice comes in another ear. With the current format, one voice is not heard so I need to reformat to mono or it is unlistenable. Thanks.
Jeff is a very smart and clear thinking guy. This was the best commentary I’ve heard in month. Thanks Cory.
DR. Pepper stock is in a recovery mode sine 2 weeks ago. Plus the new Dr. Pepper ads are great, ained at 15 to 25 year olds. Plus weather reports most of usa has 80 to 90 degree weather this week . Pep and Ko stock should do well too , as well as Dr. Pepper . hey Jerry ,, nat guard and reserve forces are often ill trained , and lacking disiplined . I worked with lots of navy reserve guys on my ship , many were unreliable and had only 2 year active duty obligatons — so they only had 1 year and some months on boadrd ship since many navy occupations require 1 year of training school before you are sent to fleet. plus today our country has much more population so the military and fed work force need to be bigger not small as Jerry says.
Russell
Hello,
National Guard , are called NATIONAL for a reason……the National GUARD was designed to be HOMELAND DEFENSE, not aggressive assault units. They were to be trained thru and by the state, with the help of the Regular Army….That is why there is the Indiana, Michigan, Utah etc (substitute any name) National Guard. Undeclared wars, have needed the assistance of the military STATE national guard, because , If , the nationUSA declared war, there would be a DRAFT, which is highly unpopular with the nation, ..and being unpopular, I doubt many of the CONGRESSMEN would get reelected, and the entire jig would be up, The end game for the MIC would have to run on a budget and not keep stealing the money as they have for the last 15 yrs. running their deep state, black budgets without consent of the American people. The National guard draws people who do not intend on being regular army, and people who wish to serve their country on a PART TIME basis, and get part time benefits…there is a trade off. The current Full Time National Guard is an new invention, from the Nixon area ping pong ball draft, where many men joined to skirt the conflict undeclared war of Viet Nam. The ping pong ball draft, was how one was determined to be selected, not by choice but the luck of the drop of a ping pong ball popping up with your birthdate……low number went first…..because the administration could not get enough wanting to go to war .
Many Guardsmen at that time were used as full time military, while getting cheated of full time benefits, yet, were forced to serve 6 yrs……in lieu of the 2 yr so called ACTIVE duty requirements. What started out as a national part time service defending the state , has resulted in a full time standing army at home, to be used by the current full time military at it’s desire to plug in any holes needing to be filled.
thanks for the reply…..always enjoy your thoughts…..Peace…… OOTB
THREE great mistrusts …..markets, economy and politics……..nothing is real…jmo