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Thursday Conversation - Danielle DiMartino Booth

You should be sure to listen to this free public podcast.

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Danielle DiMartino Booth is a former advisor at the Federal Reserve Bank of Dallas. This experience gives her a unique perspective on the moves of the global central banks in 2019. Thus, you should be certain to carve out some time for this podcast.

Over the course of this call, I asked Danielle to address three key themes:

  1. Why, in late 2018, did The Fed suddenly reverse their policy of Fed Funds rate hikes and Quantitative Tightening?
  2. What, if anything, is the recent action in the bond market telling us about the current situation and the future of interest rate policy?
  3. Is the next move by the FOMC a rate cut or a renewal of rate hikes?

It was a great pleasure to speak with Danielle today and I'm grateful that she could spare the time. Please be sure to check out her website and subscription services here: https://quillintelligence.com

You should also begin to follow her on Twitter at: https://twitter.com/DiMartinoBooth

Thanks for listening,

TF

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hindsight101AGXIIK
Apr 21, 2019 - 7:37pm

AGXIIK

Following your comments above, glad there isn't a holiday every week....

hindsight101
Apr 21, 2019 - 7:35pm

Commitment of Traders

https://www.cftc.gov/dea/futures/other_sf.htm

Big swings this last reporting week with the Silver Swap Dealers now long and the Silver managed money short....

51,000 contract shift my the managed money less bullish...in gold....

This is pretty encouraging....suspect we'll hear more about it come Monday..

matt_
Apr 20, 2019 - 4:03am

She pointed out something you never hear on CNBC

When she noted auto sales growth is based on nominal dollars, not units sold, I said: Amen!

Any sales figure (including the GDP) can be made to grow by price inflation alone. It is like measuring your height using a measuring stick that gets smaller each year.

zenharmonics
Apr 19, 2019 - 6:22pm

Daily Feather

Other than her grand use of metaphors , skilled talents, and expertise with the Daily Feather, I am surprised she is open enough to grant an interview with PM enthusiasts, which speaks for her integrity. For me, her letter is good for forecasting what the Fed is up too, be it industrial production, wages, retail sales, Beige Book, whatever. She knows the Fed data, and if you can read between the lines you might make a good trade. I asked her at the NO Conference two years ago, why does the CME/COMEX have discounted volume trading accounts in the commodities markets for central banks? She could not fathom that could be the case.

Libero
Apr 19, 2019 - 10:24am

Kinda happy Royal Nickel popped

It was suppressed due to a new offering which is now complete.

https://finance.yahoo.com/news/rnc-minerals-closes-12-million-123300246....

Happy Easter and Passover to all.

lakedweller2
Apr 19, 2019 - 9:47am

AGXIIK

Civility is always a more mature approach to conversation. Good comments.
AGXIIK
Apr 19, 2019 - 9:39am

brolaboy You are an incredibly rude, uncaring and

ignorant jackass And you show your callous manner on 3 levels

Your rancid comments that Craig deleted were inappropriate and completely uncalled for. His interview with Martino was sharp and incisive with a lot of quality information for us to review. Basically, you defiled his interview with your comments

Craig just lost his mom after a long illness and spend last week tending to the very emotional tasks that fall to family members when a loved one passes. Apparently that didn't slow you down in your nastiness.

This is Good Friday, one of the most important holy days in Craig's faith. That you won't relent in your juvenile natterings since he removed your post speaks volumes to your true nature, lack of character and unthinking insensitive persona

Maybe Craig is more forgiving than me. I'd have banned you in a New York second and scrubbed every comment you've made to date.

Craig

lakedweller2
Apr 19, 2019 - 9:16am

Other Than Novo

When Novo did its initial pop, the Pilbara stocks jumped some but not like Novo. Since then, they have all had difficulty proving the g/t as traditional drill methods haven’t worked with conglomerates. In order to get mining permits they have to show potential quality and amount of resource. They are in a form of catch 22 as they now believe that trial mining and advanced sorting methods will be the best predictor of future potential production...but they need the permits to do the mining to prove what they need for the permits.

Other problems are that the Australian markets seem to have a lot of participants that have a penny mentality rather than a dollar. Small penny moves are met with volume reactions up and down. In the US markets, there seems to be a lot of end of day painting the tape. Any daily movements up either are removed end of day or knocked back down in a short period.

The Degrey halt last week is a good example where they announced a halt, price jumped up in the US during the Australian Halt, news came out with decent drill results and the US stock smashed back.

No gain and status quo. As a result, status quo seems to be the theme, but Hennigh keeps working toward novel ways to show resource. He may have to show that through Beatons Creek or Egina where permitting is in a more advanced stages. In the meantime, Sell the News in the US seems to be the pattern that is dominating miner prices. The “Uptick Rule” needs to be restored and corruption in markets throttled back. During favorable PM markets (whatever those are) , the Pilbara may move with the rest. It just says to me that worldwide markets are a part of the same manipulated and unregulated system that favor insiders and only vary by degree. My guess is that the Barrick’s, backed by big money, want miners at a low price (oil companies also in the oil world) for future acquisition when the commodities can no longer be suppressed. Corruption seeks bargain prices but don’t want to rely on market behavior.

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brolgaboy
Apr 19, 2019 - 3:08am

and....

and now back to the metals..... god damn it that makes me want to cry even more. Boo f’in hooooooooooo

brolgaboy
Apr 19, 2019 - 3:05am

for gosh sakes

Turd apologies for the post man but geez I have been around for awhile and like dude It was not unlike the way you talk. I think I am going to just go away and cry now. My feelings are tender.

FFS

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Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
5/19 8:30 ET Housing starts
5/19 10:00 ET CGP and Mnuchin US Senate
5/20 10:00 ET Goon Bullard speech
5/20 2:00 ET April FOMC minutes
5/21 8:30 ET Philly Fed
5/21 9:45 ET Markit flash PMIs for May
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5/21 2:30 ET Chief Goon Powell speech

Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
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5/12 8:30 ET CPI
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5/12 10:00 ET Goon Quarles speech
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5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
5/14 6:00 ET Goon Kaplan speech
5/15 8:30 ET Retail Sales and Empire State index
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Key Economic Events Week of 5/4

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Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
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4/29 8:30 ET Q1 GDP first guess
4/29 2:00 ET FOMC Fedlines
4/29 2:30 ET CGP presser
4/30 8:30 ET Pers Inc and Cons Spend
4/30 9:45 ET Chicago PMI
5/1 9:45 ET Markit Manu PMI
5/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 4/20

4/20 8:30 ET Chicago Fed
4/21 10:00 ET Existing home sales
4/23 8:30 ET Weekly jobless claims
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Key Economic Events Week of 4/6

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3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
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4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
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Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
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Key Economic Events Week of 3/9

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3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
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3/4 10:00 ET ISM Services PMI
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