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Insights into Yellen and Draghi’s recent press conferences

Cory
January 19, 2017

Yesterday we had Yellen outlining the her outlook for Fed policy and this morning we had Draghi take the stage for the ECB. Both came off dovish in my eyes but Draghi much more so than Yellen. Chris Temple and I share our thoughts and also touch on the foreign flows out of treasuries from China and Japan. I will be posting that data in a separate post shortly.

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Discussion
21 Comments
    CFS
    Jan 19, 2017 19:40 AM

    Remember the Big O’s farewell speech, which claimed no recent terrorist attacks in the U.S.
    Well that only works iuf the press is on your side, to suppress the truth. How about the Fort Lauderdale airport shooting earlier this month. Have you seen follow-ups in MSM?

    https://www.jihadwatch.org/2017/01/fort-lauderdale-airport-shooter-says-he-carried-out-the-attack-for-the-islamic-state

    It was a terrorist attack, and Obama lied. (So what else is new?)

      Jan 19, 2017 19:02 AM

      24 HOURS to go………and BYE,BYE………..O

        Jan 19, 2017 19:03 AM

        ******************************* 🙂

          Jan 19, 2017 19:05 AM

          ************************ I am counting my lucky stars………

    CFS
    Jan 19, 2017 19:45 AM

    The reason the sell off in Treasuries is really scary, is that we depend on foreign buying of US treasuries to keep the dollar exchange rate up.
    Also we are monetizing the US debt as it is.
    We have a debt bomb……….we just don’t know if/when it will explode.

    Jan 19, 2017 19:49 AM

    Chris, I share your view of the Trump economy. But what do you think of precious metals?

    Jan 19, 2017 19:50 AM

    Again Chris calls it like it is, especially with the idea that Trump is calling out China while not mentioning Japan, ECB or anyone else ‘manipulating their currencies’. Here’s another example of the ‘creative destruction’ from within our own borders:
    http://www.marketwatch.com/story/amazon-is-going-to-kill-more-american-jobs-than-china-did-2017-01-19

      Jan 19, 2017 19:43 AM

      +1
      The biggest currency manipulator of all is the U.S. Federal Reserve. Trump is doing what all politicians do — distract the people and divert their attention from their own government’s misdeeds.

      “The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.”

      ― H.L. Mencken, In Defense Of Women

        Jan 20, 2017 20:10 AM

        Yeup….. Oh help me government….. save me from the hobgoblins and boogeyman.

          Jan 20, 2017 20:12 AM

          Whatever happened to people taking personal accountability?

          There wouldn’t be such an ever expanding nanny state if people weren’t constantly bombarded with images and thoughts of fear, causing them decide to just quit doing everything, turn over their personal power, and latch on with both hands and both lips to government teet.

      GH
      Jan 19, 2017 19:51 PM

      Hugo Salinas Price’s last couple articles are highly relevant:

      http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?offset=140&fiidarticulo=303

      Jan 20, 2017 20:09 AM

      That was a good point. All the advanced economies in the world are currency manipulators. It is not something unique to China, and if anything, they learned it from the Western style of central banking.

    CFS
    Jan 19, 2017 19:11 AM

    The latest Keiser Report from RT:
    https://www.youtube.com/watch?v=-r9ue7JVBXE

    Jan 19, 2017 19:11 AM

    Fed watch is worthless…………..jmho

      Jan 19, 2017 19:12 AM

      or just worth less than before………

    Jan 19, 2017 19:16 AM

    Thanks Chris………take care, hope all will be well with you and your family.

    Jan 19, 2017 19:57 AM

    Best wishes for your son and family Chris.

    DC
    Jan 19, 2017 19:27 PM

    Great commentary per usual, Chris. Holding positive thoughts for your son, you, and your family.

    Jan 19, 2017 19:23 PM

    BIG AL! KOOL AID! LOL!

    Jan 19, 2017 19:53 PM

    Thank you, all!