Insights into Yellen and Draghi’s recent press conferences
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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24 HOURS to go………and BYE,BYE………..O
******************************* 🙂
************************ I am counting my lucky stars………
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.
Chris, I share your view of the Trump economy. But what do you think of precious metals?
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
+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
Yeup….. Oh help me government….. save me from the hobgoblins and boogeyman.
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.
Hugo Salinas Price’s last couple articles are highly relevant:
http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?offset=140&fiidarticulo=303
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.
The latest Keiser Report from RT:
https://www.youtube.com/watch?v=-r9ue7JVBXE
Fed watch is worthless…………..jmho
or just worth less than before………
Thanks Chris………take care, hope all will be well with you and your family.
ditto
Best wishes for your son and family Chris.
Great commentary per usual, Chris. Holding positive thoughts for your son, you, and your family.
BIG AL! KOOL AID! LOL!
Thank you, all!
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?)