Mar 8, 2019

China - U.S. Trade Deal: "I don't think we're gonna have a substantive deal"

I don't think we're gonna have a substantive deal that gets to the root cause of that I think that there's gonna be a deal I've been saying that since the beginning I think that Trump can't afford not to have a deal so there's gonna be one but it's not going to turn around America's massive trade deficit with China.

Mar 4, 2019

Stock Market & U.S. - China Trade Deal

The market already expects a trade deal – a good trade deal. I think that is a dangerous position for the United States because it puts President Trump in a position where he really has to deliver.

Feb 19, 2019

More Signs Of Economic Weakness

Look at the data coming out: (we had) the biggest drop in retail sales in one month since 2009 when we were in the Great Recession. 

Look at the numbers we got out on delinquencies in auto loans: they are at an all-time record high, on people who are 90 days or more behind in their car payments.

I just read today that restaurant sales are falling now for four out of the last five months at the fastest pace in more than 25 years. That means that restaurant sales now are weaker than they were in the 2001 recession or in the 2008 recession.

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