Wrapping up the Fed Statement, Q1 GDP, and the US markets move higher

April 29, 2020

Chris Temple wraps up today’s editorials with a recap of the major news and events today. It was a busy day with the Fed meeting, US Q1 GDP data, and earnings from large tech companies. We address it all with a reference to how the markets reacted.

Click here to visit Chris’s site – The National Investor.

    Apr 29, 2020 29:00 PM

    Here is a comment from Big Al.
    Sounds about right to me.
    I personally think that the economy of our country is not so great. You have to ask yourself the question, “is the DJIA an accurate barometer of the economy? I personally don’t think that it is .

    Simplistically speaking, I think that it has been an accident waiting to happen for a long time.

    I know that the employment numbers are looking really good, but I also know that these numbers are very easy to “fudge”

    The really important question is “what is the overall health of America, considering everything?” My personal opinion is “Rome in decline”

    Apr 29, 2020 29:02 PM

    Can anyone expect anything intelligent to come out of a Scammer’s mouth……
    Just wondering , if, anyone really thinks the FRAUD FED/Central Bank(lol), has anything credible to say.

      Apr 29, 2020 29:06 PM

      Here is a Greenspan quote from 1966.
      In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value… Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.“

        Apr 29, 2020 29:16 PM

        Greenspan……….did no one any favors………

          Apr 29, 2020 29:46 PM

          Glad you are back working the beat. Saves all the rest of us from having to respond.

            Apr 29, 2020 29:59 PM

            Why thank you David…….I will not go over board this time…..maybe, or maybe not 🙂
            Oh, Heck, feel free to comment, ….we need to build up the chat count…

    Apr 29, 2020 29:13 PM

    The Fed is tool-less… only has interest rate reduction as a tool.
    The amount of debt forces interest rates low, and can do nothing more.

    If you think the economy is in good shape ! You better get off those drugs you must be taking.

    We need to kill the self isolation.
    We need to kill it NOW…..actually YESTERDAY, or the day before.

    Apr 29, 2020 29:56 PM
    Apr 29, 2020 29:02 PM
    Apr 29, 2020 29:12 PM

    Sunshine Increases Vitamin D and May Build Resistance to Coronavirus
    A doctor in Australia who specializes in skin-cancer research said that having a Vitamin D deficiency, which can be offset by moderate exposure to sunlight, increases one’s vulnerability to the COVID-19 virus.

    The researcher, Dr. Rachel Neale, said during an interview with The Australian last week that having low levels of Vitamin D increases vulnerability to viral infections, including COVID-19.

    “Now, more than ever, is not the time to be vitamin D deficient,” Dr. Neale said. “It would make sense that being vitamin D deficient would increase the risk of having symptomatic COVID-19 and potentially having worse symptoms. And that’s because vitamin D seems to have important effects on the immune system.”

    Last year, Neale headed up a study of 78,000 patients, and found that people with low levels of Vitamin D are almost twice as likely as those with high levels of vitamin D to develop acute respiratory infections, which people with COVID-19 are now dying from.

    Neale found that Vitamin D supplementation reduced the risk of acute respiratory infections, but she does not take Vitamin D tablets herself, as she believes time in the sun provides more benefits. However, she accepts that oral supplements are useful for people who cannot spend time in the sun.

    Don’t forget your Vitamin C and zinc.

    Apr 29, 2020 29:17 PM

    Meanwhile we still have a deep state swamp:

    And China’s virus has cost, SO FAR, every person in the U.S. over $8,000.

    Apr 29, 2020 29:35 PM

    It is very unfortunate that I cannot purchase a n-95 mask.
    The social distancing and self isolation is the cover for the total failure of those entrusted to protect us and keep us safe.
    Even at this juncture, I still cannot give an intelligent assessment of the Virus.
    How refreshing was it to hear Mr T say he didn’t know. Finally somebody who isn’t an expert on everything after watching U-tube videos.

    Apr 29, 2020 29:50 PM

    I see ads all the time at about $6-7 a mask, usually with 5 or 10 minimum purchase, especially in e-mails.

    (They were only a couple of dollars before the crisis.)
    I’ll start posting some supply sources as someone mails me.
    (A good N95 mask typically has 3 to 5 layers of thin material, some with filter paper (non-washable) in between layers.

      Apr 29, 2020 29:59 PM

      Show me a link to buy a n-95 mask.
      A n-95 mask filters out 95% of all particles.
      A n-95 mask is rated at .3
      An-95 mask is electrically charged by the manufacturer .
      Go to Amazon and put in N-95. At the bottom of the page you will see the masks I’m talking about.
      Notice it says Prioritized for Hospitals and Government agencies.

        Apr 29, 2020 29:10 PM

        Now everybody is up in arms talking about how their Liberty and Freedom is being taken away.
        What the hell have you done since they passed the Homeland Security Bill?
        Where the hell have you been since Senator Tom Daschle was mailed Riacin when he was apposing the Bill?
        What have you done since 9/11. I’ll tell you. NOTHING!
        I was kicked off this site for trying to raise awareness to what was coming down the road.
        Now your stuck at home and the economy is falling apart.
        Everything is not a conspiracy.

          Apr 29, 2020 29:35 PM

          The Covid Virus has now killed more people than the Viet Nam War.
          At least with the Viet Nam war if you were drafted you could go hide in Canada and wait for 2 Idiot Presidents, one Democrat and one Republican to give you amnesty.

          Apr 29, 2020 29:44 PM

          The sheeple are idiots for not having a problem with the Patriot Act and countless other pieces of legislation before and since.

          Life as you know it has been sculpted by conspiracies.

          “The fact is that the average man’s love of liberty is nine-tenths imaginary, exactly like his love of sense, justice and truth. He is not actually happy when free; he is uncomfortable, a bit alarmed, and intolerably lonely.” — H.L. Mencken

            Apr 29, 2020 29:58 PM

            Patriot Act slipped in the back door.

            Apr 29, 2020 29:59 PM

            Just like the Federal Reserve Act.

            Apr 29, 2020 29:14 PM

            Hi Mathew:
            Actually the people were crying for something to be done after the financial panic of 1908 I believe.
            They tried passing the Addison act but it failed.
            The Banks ponied up over a million dollars to sell the Fed Reserve Act before it was passed and went on a Public Relations tour to sell the Act.
            The Glass Bill, The House version of the Federal Reserve Act passed 287 to 85.
            The Senate vote was 54-34
            There were 40 important differences that needed to be settled and that was what they slid through on Dec 22. The Act had already passed the House and Senate.

            Apr 29, 2020 29:25 PM

            Hello John:
            “Congress created the Federal Reserve, yet it had no constitutional authority to do so.”

            Apr 29, 2020 29:31 PM

            thanks for the link.
            I’ll read it tomorrow.
            Have a good night.

            Apr 30, 2020 30:18 AM

            Once again Josey you post some crap that goes in the face of logic.
            I’m going to add you to the hairdryer club.

            Apr 30, 2020 30:39 AM

            Here is a quote from Rick Rule about Democracy.
            Democracy will never allow another Gold Standard.
            Democracy is four coyotes and a lamb voting on the lunch menu.
            A Gold Standard prevents the Political Class from stealing, therefore unpalatable.
            The fallacy of trying to cure a problem of solvency with liquidity.

            Apr 30, 2020 30:10 AM

            Josey……can join the hairdryer club……..since, the rest of the sheeple will be fleeced and have no need of a hairdryer…… 🙂

            Apr 30, 2020 30:21 AM

            I like you Jerry, but unfortunately you made the club to.

            Apr 30, 2020 30:18 AM

            I am proud to be in the hairdryer club……..A leader has to go out of the box, and create new ideas……A sheeple , just follows……. 🙂

            Apr 30, 2020 30:20 AM

            Edison……did not invent the light bulb over nite….. 🙂
            But, when the light bulb turned on, …the sheeple use it everyday… 🙂

            Apr 30, 2020 30:00 AM


            An action doesn’t have to be wrong just because it is not logical. It doesn’t have to be right just because it has its logic.

            Apr 30, 2020 30:38 AM

            Hey Matthew!…Many thanks for the Mencken connection….I really like his views and am going to read him much more…Common senses guy…

            Apr 30, 2020 30:00 AM

            Larry, Mencken had a lot of good ones. Here’s five more…

            “Equality before the law is probably forever unattainable. It is a noble ideal, but it can never be realized, for what men value in this world is not rights but privileges.”

            “The urge to save humanity is almost always only a false-face for the urge to rule it.”

            “The men the American people admire most extravagantly are the most daring liars; the men they detest most violently are those who try to tell them the truth.”

            “The kind of man who wants the government to adopt and enforce his ideas is always the kind of man whose ideas are idiotic.”

            “The most dangerous man to any government is the man who is able to think things out for himself, without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, and intolerable.”

            Apr 30, 2020 30:40 AM

            Larry, I went back to the article that you posted the other day to read more of the comments and was happy to see that the vast majority of readers are NOT with Mike Adams on this one. Perhaps Mike benefits from hysteria just as the government does.

            Apr 30, 2020 30:46 AM

            OOTB Jerry, that’s right excellent observation there was no logic when Edison created the light bulb it was all accomplished through critical thinking. Where did logic come in the last several weeks when unemployment shot up 30% and the entire world’s economy was frozen. Conventional wisdom and or logic we would never have the technology we have today or innovations to help us live a more prosperous healthy life including the medical industry. If it’s was up to logic and conventional wisdom we still be living in caves.

            Apr 30, 2020 30:08 AM

            It is my bias that Mike the health Ranger has the most informed and accurate view Matthew…Yes he benefits at his store with the scenarios he advocates…what can I do….I think that this novel man made virus is a reoccurring monster that leads to unknowable mutations into the future and with that huge uncertainty….I do believe mitigation policy such as facemasks etc..are indicated and responsible due to the tenacity of this bio weapons R/O number….my2cents

            Apr 30, 2020 30:17 AM

            Matthew, that may be true regarding Thomas Edison however it could also be erroneous information. Regardless, innovations and technologies aren’t created through logic. Logic only carries a person so far.

            Apr 30, 2020 30:40 AM

            Humm…….I bet Edison, invented the electric hair dryer, after ….Ben Franklin , gave him the key…

            Apr 30, 2020 30:42 AM

            With no strings attached………of course…….

            Apr 30, 2020 30:55 AM

            As a die-hard extremist hardcore gold-bug all I need is my necessities and I do some midnight gardening my founding forefathers would be proud of. I have the highest regards and respect for my founding forefathers who fought for our liberties and lost their lives. The new generation wants to destroy what we fought for and they’ll never get past the sandbox.


        Apr 29, 2020 29:39 PM

        Here’s an ad associated with an email I received….I know nothing about the company:

          Apr 29, 2020 29:23 PM

          Thanks CFS.

            Apr 29, 2020 29:27 PM

            CFS do you still have any Bitcoin?
            Bitcoin just made a 17.15% move.

            Apr 30, 2020 30:00 AM

            No. I gave about $10K to my granddaughter, and suggested she changed some of the BTC into LTC, and I got out of digital.
            (Not because I dislike digital currency, but because I live close to Silicon Valley and all the school kids around here are expert hackers, and I don’t need the worry about what I have to protect on my computers.
            I just got tired of cleaning off tracking programs loaded onto my computers.

    Apr 30, 2020 30:06 AM

    Hey Doc!
    Are taking som profits here or are you adding/neutral?


    Apr 30, 2020 30:12 AM

    I hope Trump does not bail out California.

    We have so many Morons as Public Servants (serving criminals)

      Apr 30, 2020 30:13 AM

      Costco to require customers nationwide to wear face masks starting Monday.
      And I’m sure Costco is part of the “Deep State” and the progenitor of the Covid hoax.

      Apr 30, 2020 30:14 AM

      Really CFS?
      Bail out the Banks and everybody and their brother, but make the people of California pay for the people that are suppose to represent them.

        Apr 30, 2020 30:06 AM

        Really, John.
        I see little point in compound error on error. It is not logical that anyone other than Californian tax-payers pay for the failings of their stupid employees.
        If the Federal Government bails out any wasteful, over-taxing state, in the pocket of corrupt public service unions, the corruption will never end.
        We, the citizens, passed a prop 13, to limit taxes, but the state found a myriad number of ways to circumvent tat limitation. Now, with millions of illegals, illegally voting, the tax-payers, cannot even limit illegal pay-outs to illegals, and California is becoming third-world, in which public officials rule without any attention to Federal law. We have illegal Sanctuary cities harboring criminals. We would ave open borders if Californian officials hade their way, and illegals driving around without licences and insurance if Californian officials ad their way. We already have a police force that refuses to come out if someone steals less than $1,000 of your property or does less than $1,000 in damage.

          Apr 30, 2020 30:56 AM

          The government has no business bailing out anyone or intervening in the way that it and the Fed do.
          It is no accident that Keynesian economics, the MSM/Hollywood and the education system do not promote saving money and living within one’s means. The system is designed to transfer/steal as much wealth as possible and leave nothing but dependent, easily controlled serfs in its wake.

    Apr 30, 2020 30:45 AM

    This is the Costco Club. And yes you have to pay be a member.
    You don’t come in here, regardless what you think, or believe and jeopardize my livelihood.

      Apr 30, 2020 30:00 AM

      to be or become

        Apr 30, 2020 30:34 AM

        And while I’m at it, I’m going to post just how slimy Bill Gates is.
        For the record, everything Bill Gates has accomplished, much like his buddy Warren Buffet has been with in the Law. Mind you , that doesn’t necessarily make it right.
        The biggest insult to me is when People such as Bill Gates do interviews and they show just how much contempt they have by playing dumb.
        Yes I said dumb.
        I can tolerate a lot of things but STUPID is not one of them.
        It is beyond me how someone such as Big Al cannot see the bullsh*t Bill Gates spews.
        In 2019 Microsoft and Apple accounted for 15% of all stock gains, yet in this interview I ‘m going to link, when questioned about this, Bill Gates plays the DUMB card.
        I know the interview is by CNN, Hello, this is Barbara Olson. I listened to it because Big Al still wouldn’t say anything implicating Bill Gates playing US as DUMB.

        Apr 30, 2020 30:13 AM

        Don’t worry, John, although I can pass the driving test, I stopped driving because I chose not to endanger others. I,therefore, don’t visit costco anymore, since the nearest one is outside my walking range.

    Apr 30, 2020 30:38 AM

    John, it might have been a bit more effective, if you had sourced something other than the Commie News Nuts, universally now known for bias fake news.

    However, let’s examine Gates’ knowledge about the American school system….the most expensive in the world.
    Sarcasm on. It is the most expensive. It must, therefore, be the best. sarcasm off.

    Two months ago we did not know much about the SARS CoV-2 virus, but we’ve learned a lot now. So the best school system in the world must have changed according to knowledge gained ! Answer: NOT ONE IOTA.
    What do we need be able to ignore the virus ? Answer: HERD IMMUNITY.
    How do we get Herd Immunity ? Answer: More than about 60-70% of the population with anti-bodies.
    What part of society is the least vulnerable ? Answer: Te under 18 age group – chilren.
    What is the death-rate per 100,000 among the under 18 years olds ?
    Is it 100 deaths or 0.1% ? NO.
    Is it 10 deaths or 0.01% ? NO.
    Is it 1 death or 0.001% ? NO, rounded to the nearest whole number, in the U.S., it is zero.
    Thus logically, the group least likely to suffer, representing almost one-third of the population is school children, so we close the school systems ! Does that make any sense in trying to achieve herd immunity ?

    Apr 30, 2020 30:03 AM

    Remember when Obama care website rollout failed ?? Well if you cant get deposits and or paper checks out fast enough then you look bad to voters ?? Well lots of Trump supporters are angry that big corps get huge loans , but they cant get the 1200 dollar deposit . This virus closedown will be the political Katrina for D J TRUMP . The man is a jerk , and is daily showing his incompetance . Rocky 7 months ahead for money and politics . USA should shut down oil pruduction by 20% for the next 3 months at least we are over producing . best of health and wealth to you all RSH

    Apr 30, 2020 30:22 AM

    I’ll be happy if we don’t end up in war with China.
    We know that Xi Jinping deliberately made the decision, after the virus escaped and inflicted damage on China, that he, XI Jinping, should allow the rest of the world to also suffer damage.
    He chose to inflict damage on the rest of the world, so that China would not lose its manufacturing edge.

    Apr 30, 2020 30:36 AM

    Something weird happening in futures today.
    Oil margins now 150% Dealers want people out of market!

    Silver first up strongly, then sudden $1 drop. Some big player warning people away!?!

      Apr 30, 2020 30:56 PM

      I will take a moment and address your herd immunity and children comment.
      I listened to a radio address by the Governor of Minnesota. What he had to say made sense.
      The reason he did not want to open everything up was because he said they were trying to build herd immunity and not over stress the hospitals.
      They have had a situation in Worthington,MN at a JBS Pork Producing plant where many employees have tested positive.
      The Governor reiterated the importance of wearing a mask.
      Their strategy is Trace, Test, isolate. The Governor has extended the closure of restaurants and bars and gave the go ahead for curb side retail.
      He did say other States were trying different strategies and if they saw something in their numbers they would re adjust their position.