May 06, 2019
The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, the Labor Department reported Friday. Nonfarm payroll growth easily beat Wall Street expectations of 190,000 and a 3.8% jobless rate. Average hourly earnings growth held at 3.2% over the past year, a notch below Dow Jones estimates of 3.3%. Unemployment was last this low in December 1969 when it hit 3.5%. At a time when many economists see a tight labor market, big job growth continues as the economic expansion is just a few months away from being the longest in history. – Jeff Cox, “Jobs Surge in April, Unemployment Rate Falls to the Lowest Since 1969,” https://www.cnbc.com, May 3, 2019.
President Donald Trump tweeted that he wants the economy to “go up like a rocket,” ratcheting up his efforts to badger the Federal Reserve into slashing interest rates… The Fed, as expected, left its key interest rate unchanged Wednesday after a two-day meeting… Here’s the rub: Trump is cheer leading for an excessively large rate cut for the wrong reasons, economists say. And his proposal, if enacted, carries unpalatable risks for a relatively modest reward, even putting aside the potentially bigger hazard that the Fed would jeopardize the public’s confidence in its independence if it were to follow Trump’s advice. –Paul Davidson, “Trump: Rate Cuts Would Make Economy Soar,” USA Today, May 3, 2019.
June 7, 2019
We are hosting TWO courses in Beijing, China June 8-9, 2019 and June 15-16, 2019. The cost will be $4,000 (or $2,000/ Course). We are offering a 10% discount to current MMA Subscribers. This special 2- weekend workshop will take place at the Beijing Broadcast Tower Hotel, No. 14 Jianjuomenwai Da Jie, Chaoyang, 1000222 Beijing, China.
Please see below for a description of each course.
October 19, 2018
Several forecasts made in the 2018 book have already unfolded. Keep in mind these forecasts were written in October-November 2017, and published December 1, 2017, well before 2018 got underway.
T-Notes and Interest Rates: “Transits of Saturn in hard aspect to the Federal Reserve Board chart indicates monetary tightening by the Fed, driving interest rates higher if the economy is strong, as it is now (heading into 2018) …The double bottom chart formation (122/25-123/01) is likely only temporary support and will soon break (as)… the 6- and 18-year cycle low is due 2019-2021.” It broke below support by mid-January, and as of this writing the low has been 117/13 on October 8, just one day after Venus turned retrograde and our critical reversal date of October 5.