Stocks: Debacle Du Jour (Smile Direct SDC)

The money losing stocks, the recent IPO's continue to get beat up. The real debacle du jour was Smile Direct. That one was down another 15% today: down $2 - it closed at $11.34 right off the new low of $11.20. Remember, this stock came public less than 2 weeks ago and it was $23 a share.

The Federal Reserve Does Not Have Enough Ammunition

I don't really think there's enough ammunition left in the Fed's chamber to have a meaningful impact on the markets, and I think traders are overestimating the ability of the Federal Reserve to rescue the market the way it has rescued it in the past.

Related trading instruments: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)

A Banana Republic Without Bananas

The Federal Reserve is expanding its balance sheet, creating money out of thin air to buy government debt and other debt to artificially suppress interest rates. That’s what banana republics do. America is doing the same thing except we don’t have the bananas.

The U.S. Dollar Will Collapse

Peter Schiff was recently on RT.com. Here is the complete video interview.

Covered topics: new world order, tariffs, trade war, trade deficit;

Peter Schiff expects the U.S. Dollar to lose its world reserve currency status. Peter expects the U.S. Dollar to collapse over time.

Video duration: 13m25s

Great Recession To Hit U.S. Economy

Peter Schiff was recently interviewed on Fox Business and he had a dire warning about the U.S. Economy and the prospects for a Trump reelection: 'Great Recession' to hit US, jeopardize Trump's reelection hopes: Peter Schiff

Ray Dalio agrees - the Federal Reserve is going to cut rates and go back to Quantitative Easing (QE) but it's not going to work. We're heading for stagflation.

Read the complete article here:

Ray Dalio Says Get Ready for a Paradigm Shift; Buy Gold!