Discover and read the best of Twitter Threads about #powell

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#US #IndustrialProduction numbers were released yesterday for Apr-end. The picture isn't pretty. Showing below how bad it was in the last 2 months in actual numbers. (comparing Feb-end with Apr-end; Grey areas show previous recessions). The index itself declined 15.3% (1)
PART1: Industries underperforming the IP Index

1. #MotorVehicles & Parts - down 80% in 2 months. It's the LOWEST since 1972. (2)
2. #DurableConsumerGoods - down 47% in 2 months (3)
Read 17 tweets
Lets talk about the upcoming 1st meeting of the #FED #FOMC (28-29 January 2020). Specifically, lets talk about the #DOTS...
The #FED #FOMC developed the so called #DotPlot in 2011 as a chart to record each FED's official forecast for the FED's key short-term interest rate (federal funds rate - #FFR). Currently, the FFR, following the December 2019 meeting is in the target range between 1.5% and 1.75%
The most recent #DotPlot is attached below. Each dot represents one #FED official, from the Chairman to fellow Governors. It is anonymous & as such, no one knows which official is responsible for what dot...
Read 10 tweets
As vital as Episode 2 was, Episode 3 of @onthemedia’s outstanding #purpleproject features @AnandWrites, who, with his elegant precision, explains just how where we are now was the result of the “most successful intellectual campaigns in history.”
@onthemedia @AnandWrites I can’t stress enough how every single person in this country should hear, and have explained to them, exactly what Episodes 2 & 3 covers in only 20 minutes. If everyone reading this learns how to discuss these things, it might have a profound impact on our … 1/2
Read 18 tweets
As expected, the #FOMC cut policy rates a quarter-point, Chair #Powell referenced the Committee’s reliance on data dependency and provided a nuanced view of #economic conditions. Still, just because all that was “expected,” doesn’t take away from the fact it was also good policy.
Indeed, today’s announcement represents an important moment for the #Fed, in which policy rates were moved to appropriate levels, alongside significant liquidity provision, which is precisely the right combination in our view: this is a big positive for #markets.
Specifically, we think the #Fed moved to the lower end of what we believe should be the equilibrium rate of interest in an #economy that’s facing aging demographic trends, and which benefits from still positive interest rates.
Read 5 tweets
A much better performance from Powell. But his tone and body language clearly showed that he believed that the US economy is doing well and this is just an insurance cut against the Trump Trade War and global weakness
#Powell #FOMC #ratecut #Trump #Fed /1 @threadreaderapp
Powell was clear the US will not go to negative rates. He believes that asset purchases and forward guidance have worked in the past and that is the way forward as well.
#Powell #FOMC #ratecut #Trump #Fed /2
On yield curve inversion Powell does not see it as a recession indicator but rather a contraction in term premia driven by global low interest rates.
#Powell #FOMC #ratecut #Trump #Fed /3
Read 11 tweets
@Halsrethink @RemainSovereign @TFMetals @BullionStar @jameshenryand @michaellebowitz @dlacalle_IA @DA_Stockman @RonPaul @RonPaulInstitut @MarkTOByrne @MarkYusko @ErikSTownsend @AndrewBellBNN @realDonaldTrump @LouDobbs @Varneyco @MariaBartiromo @gatewaypundit @JeffSnider_AIP @TruthGundlach @epomboy @PaulCraigRobert @LanceRoberts @TheBubbleBubble @POTUS @TayTayLLP @ronanmanly @jimiuorio @MoneyMetals @stranahan When a central banker or economist mentions 'stimulus', they are talking about diluting the currency through debt currency issuance - to create REAL GROWTH.

This is the insanity & silly talk promoted by central bankers globally.

Nobody asks the question.

#centralbanking #gold
Read 55 tweets
🚨A member of Kerry's inner circle with knowledge of 44's WH involvement in 🇷🇺🇷🇺🇷🇺is CURRENTLY still employed at the State Dept. #QAnon
motherjones.com/politics/2018/…
In 💡of the new reports @JohnKerry continues to meddle @POTUS' foreign policy it is worth noting. If he is not singing like a 🐦it is time to GTFO. The other 3 named in the Mother Jones article are involved in activities undermining the President. #QAnon
dailysabah.com/diplomacy/2017…
⚙️Jon Finer is on #DiplomacyWorks advisory board led by John Kerry countering @POTUS #AmericaFirst #MAGA
🔥diplomacyworks.org/about/
He is also a director for IRAP that supports activist judges and undermining 🇺🇸 sovereignty
🔥refugeerights.org/wp-content/upl…
Read 17 tweets

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