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It's Season Two, Episode Ten and Greg reviews the dramatic shift in the monetary policy narrative from the Federal Reserve this past week, away from "fighting inflation" to "protecting the economy", following yet another in a string of EXCEPTIONALLY WEAK economic data, culminating in a nightmarish Employment Situation Report on Friday from the BLS.

Greg dissects the data, not only in the US, but also in China, who published equally WEAK macro-economic in the last two weeks, as the two largest economies on the planet are suddenly in a downward race towards a "recession".

As such markets have reacted precisely as Greg has been expecting since the first week of July, and dating back to late-March/early-April when he stated that by the August-October period the market would suffer from an "economic reality check". Bonds prices SOARED, boosting his Podcast picks in the SHY Short-Term Treasury Bond ETF, the MBB Mortgage Bond ETF and the XLE Real-Estate ETF, all of which rallied last week in the face of a deep decline in the indexes.

The reality check Greg has expected became more of an epiphany, as the market is realizing what Greg talked about in Episode Nine in mid-July, that the Fed and other global Central Banks have fallen "behind the policy curve" and need to act more aggressively amid a DEFLATION in economic activity. Greg has discussed that deflation since May, highlighting the crash in Home Building, a vicious contraction in the Mortgage market, a plunge in Home Sales, a Consumer who is being choked by continued, sticky, price inflation, and now a Service Sector into a mini-melt-down, and a Labor market that has turned to the downside, with 1.3 million more people unemployed in July, versus July of last year.

What is next for the markets? Greg ponders that question too.

And finally, Greg examines a pertinent lesson to be learned from a Market Wizard, as he continues his review of (his former colleague, and boss) Jack Schwager's must-read classic book, "Market Wizards". This week Greg "talks to" legendary Commodity-Currency trader Bruce Kovner of the famed "Caxton Corporation" (formerly a client of Greg's, to be fully transparent.)

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In Episode 9, Greg introduces his new Three Podcast Special Series, "interviews" with a handful of the greatest money managers/traders of all-time, thanks to his colleague of many years, the legendary Jack Schwager, author of the must-read and top-ten all-time financial market book, "Market Wizards".

Yes, Greg has received permission from Jack to share excerpts from this classic book, an abundance of real world blood, sweat and tears lessons from the greatest of all time, several of whom Greg has worked with or for during his long-tenured career. Of course, Greg's color commentary is priceless unto itself, given his status as a tenacious trader and money manager with four decades of hands-on experience.

And there's more, as Greg shares his current macro-monetary view on the latest US economic data, Fed policy, key comments from Fed Chair Jerome Powell, the volatile price action in US stock indexes at the end of the week...and...a preview of his new MASSIVE Special Report on the BRICS currency and its implications for the US Dollar, and most specifically, for Gold and Silver sector, replete with an overview of his top ranked bullish trends among the individual mining shares.

Listen for details on how to get a copy of this landmark report, at the end of today's Podcast.

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There was a mind-numbing Presidential debate this week on national TV, but there is NO "debating" the facts:

Fact -- the US consumer is cocooning, cutting back discretionary spending amid a depletion of savings, maxed-out credit cards, and "real" wages that barely keep pace with (still high) inflation. "Real" (inflation adjusted, in dollar terms) Retail Sales have been NEGATIVE for five consecutive months, in 19 of the last 20 months, and in 24 of the last 27 months. That is a FACT.

Fact -- the US housing market is CRUMBLING, as New and Existing Home Sales PLUNGE and violate multi-decade uptrend lines as prices hit new record highs and mortgage rates remain high. Moreover, Sales crash while Starts, Permits and Completions all are plummeting and reaching recession-like levels, setting up the next great home price inflation when the Fed does eventually cut rates.

Fact -- excluding the 2Q of 2020 and $3.2 trillion in COVID relief, Joe Biden has created more debt than ANY other President, BY a factor of +50%, and he still has three more quarters to continue his policy of using taxpayer money to try and buy this election. Oh, and as of the end-1Q Public Debt hit another record high of $35.586 trillion, up by +$6.839 trillion since Biden took office.

Fact -- inflation remains HIGH, and is set to re-accelerate to the UPSIDE, after posting a Gasoline price decline induced unchanged reading for the month of May. Over half of the (16) major US cities still post a year-year CPI rate of +4%, or higher.

Greg discusses all of the above, and offers specific investment strategy thoughts on Energy, Crude Oil in particular, the high-flying Information-Technology shares, the Communication Services sector, the XLRE Real Estate ETF, and the Mortgage Backed Securities market, in today's Money, Markets & New Age Investing podcast.

And, for the charts mentioned within, or for any other information pertaining to the topics discussed in this podcast, please feel free to email directly sales@weldononline.com

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