Our Tweeter-in-Chief, President Trump was of course back at it today on Twitter as he was all week regarding US/China trade talks. Now while the markets were selling-off quite a bit in the morning, come the afternoon, Pres Trump and the Treasury Secretary made comments that the talks were, “constructive.” This of course caused a massive rally in stocks and they actually closed higher for the day. How much longer will the markets continue to believe this narrative coming from The White House? We would’ve thought by now that the markets would be growing tired of this charade. Evidently, hope, tweets, and central bankers are what moves the markets these days – such a shame!
Ep. 66A - Deep State Getting Nervous? + Tariffs On!
/
RSS Feed
Share
Link
Embed
We heard some reports over the previous weeks that there was supposed to be a report coming out specifically regarding former FBI Director, James Comey. However, while the report was thought to be released this week, it was not. Yet, just yesterday evening, Jim Comey was back in the news giving an extensive interview with CNN. Is this just a coincidence that Comey was back in the spotlight or is he trying to get ahead of the story and tell his side? Lastly, a follow up with US/China trade talks and yes, tariffs have been imposed on Chinese goods at a higher rate. What happens next week or over the weekend is anyone’s guess as the Tweeter-in-Chief is capable of anything. #HappyMother’sDay
There’s no question about it now: the global market is in the financial world of Oz. Following the President’s tweets on Sunday night regarding tariffs and the US/China trade talks, we have witnessed large sell-offs the world over. Is this a healthy functioning market if one individual can move markets to this degree, if at all? This nonsense is going to continue whereby we have individuals and institutions moving markets and NOT market participants. This amounts to a centralized system – far from free-market capitalism. Fundamentals are supposed to drive markets and allow for markets to find fair value – not Presidents and central bankers. #WakeUpAmerica
Is the United States in the midst of a Constitutional crisis? If you ask the Dems and the MSM, you would be led to believe that the answer to that question, is yes! However, they are ultimately making the claim that the President did not commit collusion or conspiracy with the Russians and therefore there’s a crisis. So, their logic is the following: there’s no crime, yet we’re in crisis – makes absolutely NO sense. However, are we in the midst of a different sort of crisis regarding the President’s use of Twitter? In this instance we’re discussing the volatility that has existed in the global markets this week, driven primarily by tweets about US/China trade talks. Was it the Founders’ intentions to have a President move global markets to this degree, if at all? This is a serious question because this is NOT how it’s supposed to function.
Last night, US Trade Rep. Robert Lighthizer signaled that tariffs will be increased this week. This continued to send shock waves throughout the global markets, where we witnessed continued selling. The Chinese trade delegation is still slated to visit Washington DC later this week, but will they come bearing enough gifts to strike a deal and fend off the new tariffs?
The Dems are grasping at air as the tables are turning as the Trump Admin is set to investigate the investigators. The Dems know exactly where this is headed and they don’t like it – so talks of impeachment are back in the news. Meanwhile, new comments from US trade reps signal that tariffs will be increased on Chinese products this week – continuing the global market sell-off.
Ep. 48B - Record Bank Profits + Central Bank Warnings
/
RSS Feed
Share
Link
Embed
So much for draining the swamp as Q1 earnings season has kicked-off only to find that so far, the banks are continuing to make record profits. Remember, these guys make private gains, but their losses are socialized – meaning you pay the bill and bail them out! Also, a warning shot across the bow from former Fed chairman Alan Greenspan regarding entitlement spending and the demographics of the USA. A look at the Fed’s meeting minutes from March also sheds some lights on their concerns regarding the leveraged-loan market.
While we’re told we’re in the midst of an economic miracle and the greatest economy that ever was, then why Mr. President do we need QE4? QE is reserved as a last resort (a faulty one at that). So it boggles the mind as to why we need more QE, except when one understands that the President has taken ownership of this stock market and is concerned with it correcting once again and he doesn’t want to be blamed. More QE is NOT draining the swamp!
A continued discussion on the effects of money printing and the growth of the stock market over the last decade. Plus, are individual stocks in the DOW being manipulated to keep these markets moving to the upside? We discuss…
We’re now told that the Chinese have until 2025 to comply with the trade agreement. Seriously?! Trump will no longer be President in 2025, plus we were told this was going to be the best deal ever. It might be for the Chinese since they have six years to comply and a new president to deal with. We discuss this nonsense…
