Chris Temple from The National Investor – Wed 30 Oct, 2019

Recapping the Fed Press Conference and US Economic Data From Today

Chris joins me for an in depth discussion on the Fed statement and press conference. The Fed delivered a rate cut but it is being considered a hawkish rate cut as they will be on hold until next year. We also look at the ADP jobs number and GDP data point from this morning.

Click here to visit Chris’s site and follow along with what he is covering.

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  1. On October 30, 2019 at 3:08 pm,
    CFS says:

    The driving factor from here on out is the interest cost of carrying the DEBT.
    The market action will secondary.
    The carry cost of the debt is sucking out all liquidity from the banks.
    Eventually we will monetize the debt even more.
    BUT we have to maintain the pretense of NOT MONETIZING the debt (even though we are through the backdoor repo market.)

  2. On October 30, 2019 at 3:09 pm,
    CFS says:

    oops…….will > will be

  3. On October 30, 2019 at 3:17 pm,
    CFS says:

    The interest carry cost of the debt is slowly destroying the economy.
    Businesses NEED money to expend and grow.
    Cutting tax helps to some extent, but if the Government then has to borrow more because of its deficit, even tax cuts are partly self-defeating.
    (For businesses it does not matter how low interest rates are if the banks don’t have liquidity to lend.)

  4. On October 30, 2019 at 3:50 pm,
    larry says:

    Many people do not know this…But most members on the FED board attended the Huey Lewis college of intravenous economics…Most failed to graduate for various reasons…But the board was hiring based on the colleges reputation…. It is a steady job at least….The member parties remain private at this time….The public is always curious about what is on the menu though….

  5. On October 30, 2019 at 3:55 pm,
    larry says:

    For those of you that forgot…This is the colleges graduation tune….The college of Rock has just formed an econ. department as well..So going forward at least there will be free market competition and only the most qualified candidates will become appointed for FED service!

  6. On October 30, 2019 at 4:01 pm,
    CFS says:

    At least they’re up on The News.

    • On October 30, 2019 at 4:19 pm,
      Ozibatla says:

      Cheap money all over the world now. This appears to be the new norm for the forseeable future. Here in Aus, many people think its great as it is beneficial towards existing or new mortgages. Their mindset and vision is solely focussed towards the so called Australian dream of buying and owning your own house. Their is scant regard towards the impacts over the rest of the economy when interest rates are so low.

      For the first time in history there is now genuine talk of negative interest rates perhaps occurring in Australia yet no one seems to care or understand. Like their so called leaders, the masses are enticed by lower interest rates as it helps to manage their debt more easily.

  7. On October 30, 2019 at 4:07 pm,
    CFS says:
  8. On October 30, 2019 at 4:30 pm,
    OOTB Jerry says:
  9. On October 30, 2019 at 6:47 pm,
    CFS says:

    For those owning Chilean mining companies, things are getting serious down there. No wonder Copper has been rising.

  10. On October 31, 2019 at 5:16 am,
    OOTB Jerry says:

    Another Swamp Rat ……..The rats keep jumping ship of state…….lol
    The moron, has a great life in politics……if, he can stay alive in the swamp

    • On October 31, 2019 at 5:19 am,
      OOTB Jerry says:

      Wonder how much money he is making on the side, ….Bolton side kick, bombs for profit.
      What a mess, the traitors just keep surfacing…..
      Great chess game so far, … least , we know who to look out for in the future.

    • On October 31, 2019 at 4:15 pm,
      OOTB Jerry says:

      Did he change his story ,……today…….humm…

  11. On October 31, 2019 at 7:31 am,
    Matthew says:

    GDX is just below two resistance levels; the 50 day MA at 28.02 and an important pivot at 28.07…

    (I think both will be overcome very soon.)

  12. On October 31, 2019 at 9:12 am,
    OOTB Jerry says:

    The House Whores are working overtime…….

    • On October 31, 2019 at 9:20 am,
      CFS says:

      Eric Ciaramella, the whistle-blower (Actual rumor-blower) is, of course, John Brennan’s puppet.

      • On October 31, 2019 at 9:23 am,
        OOTB Jerry says:

        Did you ever think , in your wildest imagination, we would ever see such a sh++ show….

  13. On October 31, 2019 at 9:17 am,
    CFS says:

    While the “climate Change” dunces make assumptions of constant solar irradiance, I informed this blog years ago that we are slowly entering a solar minimum – a grand solar minimum – that occurs about every 400 years.
    While this winter is partly due to this effect, of course, seasonal and daily fluctuations also happen all the time.

  14. On October 31, 2019 at 9:29 am,
    CFS says:

    Did you notice none of the supposed reporters asked about the liquidity crisis at Powell’s press conference?

  15. On October 31, 2019 at 10:11 am,
    CFS says:

    Spain Offers Madrid As Host Of December UN Climate Summit
    Associated Press – 27 minutes ago

    MADRID (AP) — Spain’s interim leader has offered to have Madrid host an international U.N. climate summit next month that was originally scheduled to be held in Chile.

    Chilean President Sebastián Piñera on Wednesday canceled plans to host the Dec. 2-13 climate gathering, as well as a summit of Asia-Pacific leaders, to focus on restoring security in his riot-struck country.

    A statement Thursday from Spanish Prime Minister Pedro Sánchez’s office said he offered the space because he understands why the Chilean government needs to prioritize its “national social agenda” and how pressed organizers of the COP25 meeting are, given the last-minute switch.

    Sánchez, a Socialist, is trying to stay in power as Spain holds a general election on Nov. 10.

    Spain said U.N. officials will consider Spain’s proposal at their meeting in Bonn, Germany, next week.

  16. On October 31, 2019 at 10:26 am,
    CFS says:

    Trump with Farage on LBC (London radio in 35 minutes.

  17. On October 31, 2019 at 11:49 am,
    CFS says:

    McCabe, Strzok, Page all connected to the Rumor-blower….
    Bongino explains:

    • On November 1, 2019 at 6:05 am,
      OOTB Jerry says:

      Everyone needs to know, just how deep their families are involved in the ongoing arms business…