The Kevin McCullough Show - Pending Home Sales Plunged to Lowest Since 2015
Show Notes:
David appears @ 38:30
- 2nd quarter in a row with 3% growth. Consumer spending is up.
- Pending home sales are slowing down.
- Headwinds against Trump's tax cuts in the next week
Government's going to spend more 2018 $487 bil and quadruple by 2027.
- Thursday we will see Trump's new Federal Reserve chairman (80% chance)
- Gold jumped - because he will continue raise interest rates -
and reduce the balance rate of central banks
- China - Petro Yuan.
- Petro Dollar - exchange oil to gold
- China is now doing oil and gold trading
- China will make payment in oil (Buys 1 million barrels a day from Russia)
- Big shift away from the Dollar and towards the Yuan
- “Chinese are playing chess, rest are playing checkers”