Recapping The FOMC Minutes, Italian Politics, and Oil Reports

May 23, 2018

Chris Temple is with us today to recap some of the major news events from this week. We start with the recent FOMC minutes in terms of the comments regarding inflation and the flattening of the yield curve. We then look to Italy and the impact the current political situation is having on Italian bonds and Euro expectations. Finally the oil market is discussed as recent inventories grew but did not impact price to any great extent.

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    May 23, 2018 23:49 PM

    Day in and day out, I believe no one has a feel for the markets like Mr Temple.
    I believe the canary in the coal mine will turn out to be the interest rate swaps and the lack of transparency. Somebody is on the wrong side of the trade and the question is if they can absorb the unwind. If this becomes an issue, once again the banks will stop lending to each other.
    The Federal Reserve is absolutely clueless and they have always been absolutely clueless, thus evidenced by the lack of an exit policy, and the continual printing of more money.
    The gig is up.
    The Fed can do nothing but make sure liquidity is provided by themselves or some other Central Bank.
    Mr Temple said he cares about people. When’s the last time you think the cabal engaged in the USURY of the people ever said that?

    May 23, 2018 23:45 PM

    Goldman Sachs makes 200 million on market decline. Who’s 200 million was it you might ask?
    The answer is your Children’s and Grand Childrens.
    Head of the Goldman Sachs USURY Dept.

      May 23, 2018 23:50 PM

      The money that was stolen to keep these thieves in business totals over $2,000.00 for every man, women and child on this planet.
      The insatiable appetite of the lemming pack.

      May 23, 2018 23:16 PM

      Ah come on, JohnK, Lord…er…Lloyd Blankfein is just doing God’s work, remember?

    May 23, 2018 23:56 PM

    This was so go I listened to it twice. Tie this to the earlier “Technical Commentary” today with Jordan Roy-Byrne and I’m left to watch for when the Fed will stop tightening. Personally I’ll be surprised if the Fed gets more than 2 or 3 rate increases in before the tightening process ends. When things blow up this time it will be nasty.

    May 23, 2018 23:03 PM

    Good Molyneux/Schiff interview

    May 23, 2018 23:37 PM

    How can Italy be the 4th largest bond market?
    Is that true?
    USA, Japan, German, UK, France… China. Where do these guys fit in?
    I have no idea. Anyone?

      May 23, 2018 23:21 PM

      Good catch Tad.
      I think you have to go work for the Fed to get those numbers.

      May 23, 2018 23:24 PM

      Only the U.S. and Germany have more gold than Italy (officially).

    May 23, 2018 23:07 PM

    Ira’s end of day TA:

    May 23, 2018 23:58 PM

    Michael Pento interviewed by Aussies…..different questions and answers.

    May 24, 2018 24:32 AM

    1306….Gofd…bumped it’s head…..need and try……1307……How many times have we been here……. 🙂

      May 24, 2018 24:33 AM

      new term Gofd…..sorry….but, everyone knows what I mean….

    May 24, 2018 24:57 AM

    Housing……..Slow down……..with 66% of public making less that$20 hr..there is a real problem.

    May 24, 2018 24:27 AM

    GG looks great…

    May 24, 2018 24:43 AM

    GLD turned at uptrend support…

    May 24, 2018 24:50 AM

    The miners are are acting bearishly relative to bullion…

    May 24, 2018 24:51 AM

    GDX popped through one resistance but has run into two more…

      May 24, 2018 24:03 PM

      …and it popped through those too.