November 2014

Black and Blue Friday for Oil Producers and Gold Miners: Episode 27 Oil and gold stocks down OPEC announced no decline in oil production Crude trading below $66/barrel Bump to the Dollar Mining sector takes a hit Gold down A no vote on Swiss Gold initiative bullish for gold https://media.blubrry.com/schiffradio/dts.podtrac.com/redirect.mp3/api.podcache.net/episodes/ffbe7540-34b5-48af-a955-02249fca52e5/stream.mp3Podcast: Download

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Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26 Missing expectations on all economic indicators Chicago Fed index .14 PMI flash services 56.3 Dallas Fed Manufacturing 10.5 Case Shiller Index slows down to 4.9% Consumer Confidence number down to 88.7M Oil prices continue to fall Big drop in Richmond Fed 75% below estimate

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The Real Outrage in Ferguson is the Reaction Not the Verdict: Episode 25A Riots are not the caused by the Grand Jury The Grand Jury’s statement did not address Michael Brown’s culpability All evidence points to officer’s innocence Media fears addressing Michael Brown’s violent behavior Young men are not raised to respect the law This

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Paul Krugman runs premature victory lap: Episode 24A Assumes that money-printing works because there is “no inflation” Krugman’s cure for the stock market bubble was the real estate bubble The test is when the printing presses stop Podcast: Download

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Big News out of the Central Banks U.S. FOMC Primary concern – inflation is too low no policy to “correct” the problem Preparing markets for additional stimulus Japanese Central Bank Doublespeak Japanese sales tax hike postponed Continued calls for more inflation Why is sales tax is different than inflation? Euro Decline Mandating “stability” by increasing

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Episode 23: Going to Extreme to Prove a Point: Two articles about Peter Schiff: MarketWatch – writer refused to address corrections before going to print except for my official title – The point of my forecasts is to help people avoid problems ahead of time – I did not call for a stock market crash;

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Episode 22: Lessons from the Michael Brown Case: Don’t rob a convenience store. Don’t rob a convenience store while high. Don’t be conspicuous after robbing a convenience store while high. If a policeman then stops you, obey the policeman. Do not try to take the policeman’s gun away from him. But if you get shot

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Episode 21: BoJ Seems to relieve Consumers’ Struggle With Rising Prices by Creating More Inflation Investors & Economists shocked to learn that Japan is officially in recession Instead of a 2.1 rebound, there were back to back declines – a huge miss. Economists cry “More Stimulus!” Abe admits rising prices hurt the economy, contrary to

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