Recapping the Fed Press Conference and US Economic Data From Today

October 30, 2019

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.

    Oct 30, 2019 30:08 PM

    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.)

    Oct 30, 2019 30:09 PM

    oops…….will > will be

    Oct 30, 2019 30:17 PM

    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.)

    Oct 30, 2019 30:50 PM

    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….

    Oct 30, 2019 30:55 PM

    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!

    Oct 30, 2019 30:01 PM

    At least they’re up on The News.

      Oct 30, 2019 30:19 PM

      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.

    Oct 30, 2019 30:47 PM

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

    Oct 31, 2019 31:16 AM

    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

      Oct 31, 2019 31:19 AM

      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.

      Oct 31, 2019 31:15 PM

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

    Oct 31, 2019 31:31 AM

    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.)

    Oct 31, 2019 31:12 AM

    The House Whores are working overtime…….

      Oct 31, 2019 31:20 AM

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

        Oct 31, 2019 31:23 AM

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

    Oct 31, 2019 31:17 AM

    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.

    Oct 31, 2019 31:29 AM

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

    Oct 31, 2019 31:11 AM

    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.

    Oct 31, 2019 31:26 AM

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

    Oct 31, 2019 31:49 AM

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

      Nov 01, 2019 01:05 AM

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