Current Outlook

"The first month"

The second coming of Trump has been here for less than 30 days and DOGE has uncovered significant amounts of fraud in almost every agency to which it has had access.

Computer programs written in COBOL along with the failure to use basic auditing controls allowed taxpayer funds to be disbursed almost without oversight for years.

It is no wonder that the federal cash deficit is $35 trillion and the GAAP deficit is over $250 trillion. 

With the U.S. GDP only around $24 trillion, something is going to give shortly.

Watch those federal interest rates and bond sales closely ...they are probably more indicative of what is ahead than the stock market.

The savings already discovered is in the billions of dollars. As the cloak of secrecy is unmasked, voters of both parties are simply disgusted with the Uniparty.

Not surprisingly, the Democratic opposition is launching more lawfare as its funding apparatus using NGO's has been exposed.

The wholesale termination of probationary governmental employees, the acceptance of 70,000 buyouts by former governmental workers and the termination of thousands of outside contractors at various institutions and universities will obviously have an effect on the economy and the unemployment rate going forward.

So far this year, Gold has outperformed the market and London's physical  gold  reserves are dwindling back to the U.S.  Will Musk finally audit the Ft. Knox reserves?

Do not be surprised if the NASDAQ falls through 8,000, the SPX to 2,500 and the DJIA sees the 25,000 level.

Remember -- "Only purchasing power counts!"

Remember to ... "Keep It Safe, Simple and Stay Focused!" going forward.

Fred Richards
February 16, 2025