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Comments on the FOMC minutes

Cory
July 5, 2017

No major moves in the markets today but we did get the FOMC minutes from the last meeting. While nothing was too surprising there are a couple points which I comment. The most important comments focus on the potential timing of the unwinding of the Fed’s balance sheet but there are also comments on the overall economy and job markets that are noteworthy.

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Discussion
16 Comments
    Jul 05, 2017 05:35 PM

    Arrogance of California Knows No Bounds Governor Brown Still Committing Treason against the Constitution – Armstrong

    The governor of California is just insane and out of control. Besides the boasting that California is its own country free to enter into treaties with Europe against the Constitution, now Governor Brown is restricting the freedom of movement of its citizens, creating a list of states within the USA that California is imposing a travel ban. Here we have Governor Brown banning travel for which he had the audacity to criticize President Trump. Brown either belongs in a prison for Treason or an insane asylum. The jury should decide. This man is unqualified to be governor and is dangerous.

    https://www.armstrongeconomics.com/international-news/rule-of-law/arrogance-of-california-knows-no-bounds-governor-brown-still-committing-treason-against-the-constitution/

      Jul 05, 2017 05:56 PM

      FWIW, I believe the travel ban is only for state employees on state paid official business travel. I believe as a CEO of the state, he probably has that authority.

        Jul 05, 2017 05:46 PM

        You would think Brown would worry about putting their physical house in order rather than gay rights in other states. Isn’t Calpers future pension payouts insolvent? What about the state pension fund? California is too concerned about covering expenses for gate crashers, rather than US citizens. Its no wonder most states will not get off of the voter lists.

        No telling how much state voter fraud through California & the the different DNC channels. Imagine keeping track of all the names of the dead folks that needed to vote.

        Sanders was great volunteering to be fleeced of his votes and the super delegates. The DNC could have done a better job of protecting their data. What was the reason for not letting the FBI inspect their hacked servers?

          Jul 05, 2017 05:00 PM

          Kobach: Reports about voter commission problems are ‘fake news’

          The Trump administration ripped into what it called “fake news” reports Wednesday about states refusing to cooperate with its request for voter registration data.

          The statement comes as an increasing number of states refuse to provide all of the voter information requested by President Trump’s election integrity commission.

          Commission vice-chairman Kris Kobach, Kansas’s secretary of state, announced in a statement that 36 states have agreed to or are considering cooperating with the White House’s request.

          http://thehill.com/business-a-lobbying/340740-kobach-rips-reports-about-voter-commission-problems-fake-news

        Jul 05, 2017 05:59 PM

        I am glad that Gov. Brown won’t send any CA state officials to Texas. we don’t want them here!

        CFS
        Jul 05, 2017 05:05 PM

        As someone living in California, the less the state spends on employee travel, the better.
        The state is broke.
        I wish he would stop paying for any out-of-state travel.
        In days of internet and tele-conferencing is that much travel really needed or is it mostly political junkets?

          Jul 06, 2017 06:21 AM

          +1. Experience tells me it is mostly political junkets.

    Jul 05, 2017 05:37 PM

    Zimbabwe 2.0: South Africa President Proposes Land “Expropriation Without Compensation”

    “We agree on the imperative to accelerate land redistribution and land reform. Where it is necessary and unavoidable this may include expropriation without compensation. The Constitution provides for legislative changes to be effected in the democratic process.” South Africa president Jacob Zuma said on Wednesday.

    http://www.zerohedge.com/news/2017-07-05/zimbabwe-20-south-africa-president-proposes-land-expropriation-without-compensation

    Jul 05, 2017 05:49 PM

    Andrew Maguire update –

    Appologies but the delay is small.I will update 48 hours ahead, billions of physcal orders will hit the offer.Physcal backed Gold AND Silver

    https://twitter.com/andrewmaguire1

    Jul 05, 2017 05:21 PM

    The Elite Electronic Banking System is Heir to Protect Bankers from all the FRAUD AND STEELING ! The World will Wak Up and Kill BANKERS ! EAT the BANKERS !

    Jul 05, 2017 05:50 PM

    This was inevitable:

    Canadian Dollar Finally Unglued from Crude
    https://www.youtube.com/watch?v=ssuugVT53_0

    CFS
    Jul 05, 2017 05:42 PM

    http://www.zerohedge.com/news/2017-07-05/zimbabwe-20-south-africa-president-proposes-land-expropriation-without-compensation

    There were Boers living in South Africa long before the black population in many areas.
    I hope “democracy” does not eliminate white ownership, because that would be unacceptable racial discrimination.