The below is an abridged version of a longer article that appears in the Winter 2015 Euro Pacific Global Investor Newsletter I have always argued that quantitative easing and zero percent interest rates were misguided policies to combat economic weakness. But as the years went on, misguided turned into irresponsible, which led to ridiculous, and then turned into […]
A Patient Fed Considers Losing Patience Read More »
February Non-Farm Payrolls Number – 295,000 jobs Unemployment down 5.5% Analysts were expecting a miss Dollar at a new high Productivity dropped 2.2% Factory orders fell for the 6th consecutive month Economic data points only seen during recessions The Dow closed down – NASDAQ down more Labor force participation rate is down Average hourly earnings
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U.S. Economy Not Nearly as Strong as Payrolls Suggest – Ep. 59 Read More »
Poland became the 21st country to lower interest rates this year New record low to 1.5% Polish economy is strongest in three years Growing faster than the U.S. economy Policy conundrum: what is inflation target? Low inflation stimulating Polish economy Yet Central Bankers look to illogical Keynesian textbooks Where is the evidence that deflation is
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Polish Central Bank Joins 2015 Rate Cutting Party – Ep. 58 Read More »
First trading day of march – NASDAQ closed above 5000 for the first time in 15 years Each time the market goes up with crazy valuations, pundits say, “This time it’s different.” This time the Fed is under more pressure to create the illusion of prosperity Today’s rally came against the backdrop of weak economic
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This Time It Is Different – It’s Worse – Ep. 57 Read More »
Below please find the latest commentary from Peter Schiff, CEO of Euro Pacific Capital and author of The Real Crash: America’s Coming Bankruptcy. Please feel free to excerpt or repost with proper attribution and all links included. Click here to signup for both of Peter Schiff’s Free Newsletters. Going into 2015 the economic outlook held by the U.S. investment establishment could not have been
The Herd Can Be Blind Read More »
