Chris Temple from The National Investor – Mon 27 Jan, 2020

It’s not just the Coronavirus that is pushing markets down today

Chris Temple kicks off this week by addressing the selloff in risk on assets today on the back of news that the Coronavirus is spreading. Gold and Treasuries are benefiting but look at the selloff base metals. Now the question is just how low will the correction go for US markets.

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Comments:
  1. On January 27, 2020 at 11:40 am,
    cfs says:
  2. On January 27, 2020 at 12:22 pm,
    cfs says:
    • On January 27, 2020 at 12:49 pm,
      Matthew says:

      The unemployed have been defined out of existence along with inflation and debt to GDP has nearly doubled in the last 20 years. When we look at reality, it’s easy to see why the Dow is currently half the value it was in Y2K in real terms.
      Those who were adults 20+ years ago and still think this economy is good should consider a screening for Alzheimer’s disease.
      https://fred.stlouisfed.org/series/GFDEGDQ188S

      • On January 27, 2020 at 2:45 pm,
        JMiller says:

        I would say the economy is in fair shape overall. Good in some areas like here in PA and in some other states in the northeast and in some large population areas like Texas, Florida, North Carolina, Southern California. Not so good in other areas.

        • On January 27, 2020 at 5:10 pm,
          Matthew says:

          The old heroin addict analogy is worn out because it is appropriate. This economy requires unlimited injections of “liquidity” or OPM (other people’s money) by central planners in order to appear healthy. It’s Frankenstein’s monster and it won’t end well.

          As already stated, real GDP is down massively over the last two decades just like the stock market and neither is anywhere near done falling. (The deflationists would have been right all along had they known the difference between the U.S. dollar and real money. It’s funny that when Bob Hoye talks about chronically strong senior currencies of the past, he ignores that they were always as good as gold. So he has been half right for a long time. The current senior currency has been chronically strong but only relative to other currencies. Relative to gold, it has been chronically weak.)

          The central planners have been papering-over the post-2000 collapse to slow it down and spread its impact over time (human beings are very resilient as well as short-sighted and the planners know it). Producers and savers are being endlessly plundered in order to prop up spendthrifts and debtors, i.e., virtue is being destroyed to reward vice.

          Many say that the rich get richer during these periods of great and accelerated wealth transfer but that is not true. Most of the rich get poorer along with everyone else while their nominal net worth rises. Only an elite (biggest/smartest) portion of the rich get richer in real terms when the dust finally settles.

          Most investors do not match the stock market’s performance but those who have are still down significantly since the real all-time high GDP 20 years ago despite stocks nearly tripling.

          Proponents of central banking apparently want a poor, pissed-off and miserable society for all and they are leftists no matter what they call themselves.

          Bottom line, if the economy were really healthy, savings would not be near an all-time low while debt is near an all-time high.

          https://fred.stlouisfed.org/series/TOTALSL

          • On January 27, 2020 at 8:05 pm,
            Dick Tracy says:

            Matthew, great post, as you know I couldn’t agree more. DT

          • On January 28, 2020 at 8:40 am,
            larry says:

            Total agreement…Clear thinking no filler…

          • On January 28, 2020 at 9:09 am,
            OOTB Jerry says:

            Ditto……Ditto………Ditto………another good outline …..

          • On January 28, 2020 at 10:58 am,
            OOTB Jerry says:

            I think this is a good article, which ties into the history lesson……
            Not my favorite person, but, a great article………jmo
            https://www.kitco.com/commentaries/2020-01-28/Nothing-new-under-the-sun.html

          • On January 28, 2020 at 11:20 am,
            OOTB Jerry says:

            “In every government, an object of the last importance to the peace and welfare of society is the morals of the people .”

            Yup, some things never change.

          • On January 29, 2020 at 4:37 pm,
            JMiller says:

            “Most investors do not match the stock market’s performance ”

            This is probably true since most do not have 100% in stocks. Even most mutual fund managers have a difficult time matching the stock market.

  3. On January 27, 2020 at 12:29 pm,
    cfs says:

    Campus Correspondent
    @realblairnelson
    Today at 11:29 PM EDT
    The University of Missouri has started using an app in order to track students’ locations to measure attendance in classes.
    According to the vice provost, students are required to participate in the tracking.

    CFS Comment: This has to violate privacy rights in so many ways !

  4. On January 27, 2020 at 12:48 pm,
    cfs says:

    Tom Fritton on Dan Bongino:

    https://www.youtube.com/watch?v=9Iji7otwIaI

  5. On January 27, 2020 at 12:53 pm,
    cfs says:

    Martensen on corona virus 4th update:

    https://www.youtube.com/watch?v=pTWZPGzvJIo

  6. On January 27, 2020 at 1:09 pm,
    cfs says:
  7. On January 27, 2020 at 2:59 pm,
    cfs says:

    Dan Bongino demonstrates his love for John Bolton:

    https://www.youtube.com/watch?v=9Iji7otwIaI

  8. On January 27, 2020 at 3:02 pm,
    cfs says:
  9. On January 27, 2020 at 4:58 pm,
    russell hamilton says:

    Reality is BOLTON like TILLERSON were both fired in a very nasty manner by TRUMP. . Now BOLTON can if he wants , really hit back at his abuser . REPUBS are in a quandry and only escape is to dump TRUMP and put PENCE IN for short term . They con still nominate someone else at thier convention . pray for peace love and good health to you all RSH

    • On January 27, 2020 at 6:38 pm,
      David says:

      They also could determine the facts and apply it against the law. That requires that they consider relevant facts relating to the charges. That may be in the too tough category for politicians, but not for citizens trying to maintain their Constitution.

    • On January 28, 2020 at 9:11 am,
      OOTB Jerry says:

      Bolton is a big fat LIAR…….and a MORON….Neocon…….wake up Russell

      • On January 28, 2020 at 9:50 am,
        Temple says:

        Sad to say, but the Orange Wonder deserves this on one level for ever having brought Bolton in to begin with — as many of us loudly protested back then. Doesn’t change the fact that it’s all B.S., just like the Parnas tapes and all the rest of these grasping-at-straws things. My big lingering question is whether the G.O.P. will really have a killer instinct and launch a MAJOR counteroffensive against the Hildabeast, Comey, Obama, Bidens et al — and the Deep State pulling their strings — or slink away as usual, the latter of which will only help the Democrat Party this fall.

        • On January 28, 2020 at 10:10 am,
          OOTB Jerry says:

          Temple……….I have to agree…….as we have been saying since arriving on this site 14-15 yrs. ago…..It is All BS……

          • On January 28, 2020 at 10:19 am,
            OOTB Jerry says:

            The GOP…….is not going to do anything, they are all player …..Graham, Romney,….
            Anyone that has been there more than 10 yrs….is already vested in the scheme.

          • On January 28, 2020 at 10:20 am,
            OOTB Jerry says:

            players……

  10. On January 28, 2020 at 9:21 am,
    cfs says:

    How do we know the Bolton book “leaks” are accurate ?
    (As opposed to another batch of Schiff lies.)