The spinmasters and market manipulators will be out in full-force this “pivotal” week during which a barrage of well-massaged economic data and geopolitical theater will be unleashed. This will be a series of strategically programed distractions and deceptions designed to keep the masses sufficiently complacent and/or appropriately triggered to ensure the elites’ control and wealth. There will be threats and villains; promises and heroes; “better than expected” data and outcomes; staged and spontaneous optics and soundbytes;and pundits, influencers, “leaders” and other programmers galore to help guide towards “correct” thinking–or at least confusion.
It will be an interesting week, simultaneously tedious and exhausting to witness this surreal sh*tshow as it unfolds. Meanwhile, debt-ridden personal and soveriegn economies, civil unrest and war, and ecological distasters are in state of simultaneous, accelerated deterioration.
I don’t believe this reality of global, systems-wide failures can be iqnored or contained for much longer. Are TPTB losing control? The 35-day U.S. government shut-down delayed and made it “more difficult than usual to get a handle on economic data”, which is finally being released this week. The shutdown conceivably provided more time to align stakeholder interests, massage the data and delay its release. Members of the Federal Reserve will be giving daily presentations this week, presumably to ensure the “right” economic messages are delivered, designed to have the desired impact upon financial “markets”. I guess the show must go on–until it can’t.
I’m ever grateful to Chris, Adam and the PP tribe for providing information, insight and a balanced perspective through these chaotic times.
Check your fav MSM outlets for the latest curated political coverage of the meandering US/China trade tariffs “progress”, the Trump/Un bromance, the Mueller/Trump saga, and the Brexit/NoExit amendment vote. Summarized from the article hotlinked above, here’s the economic “program” for this week. Enjoy! :-/
Monday: Earnings, 9 companies; Dallas Fed President and Vice Chair, 10 a.m. and 5 p.m.
Tuesday: Earnings, 18 companies; Philadelphia Fed Non-mfg. Data, 8:30 a.m.; S&P Case Shiller home prices, 9 a.m.; FHFA home prices, 9:30 a.m.; New Home Sales, 10 a.m.; Consumer Confidence, 10 a.m.; Fed Chairman J. Powell testifies before Senate committee, 10 a.m.
Wednesday: Earnings, 18 companies; Pending Home Sales, 10 a.m.; Fed Chairman J. Powel testifies before House committee, 10 a.m.
Thursday: Earnings, 20 companies; Jobless Claims, 8:30 a.m.;Q4 GDP, 8:30 a.m.;Advanced Economic Indicators, 8:30 a.m.;Atlanta Fed President Bostic, 8:50 a.m.;Chicago PMI, 9:45 a.m.;Philadelphia President,12:15 p.m.;Dallas Fed President, 1 p.m.
Friday: Earnings, 4 companies; Personal Income, 8:30 a.m.;Core PCE, 8:30 a.m.;ISM Manufacturing;Conumer Sentiment, 10 a.m.; Construction Spending, 10 a.m.;Atlanta Fed President Bostic, 1:15 p.m.