All the talk last week in the financial media was the fact that several Federal Reserve officials had given speeches somehow putting April back on the table as a live FOMC meeting, where the Fed might raise rates In fact, even earlier this week, even yesterday, an official from the Federal Reserve Bank of San
When Doves Talk, Gold Listens – Ep. 155 Read More »
The markets are closed on Good Friday, the markets are closed, but I did want to take time to record this podcast Some people were wondering why I didn’t do a podcast on Wednesday, the day we had a big drop in the price of gold Believe me, I love doing podcasts, when the price
Fed Bankers Bark But Won’t Bite – Ep. 154 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital The Federal Reserve’s years-long campaign to sheepishly back away from its own policy forecasts continued in earnest last week when it officially reduced the four expected 2016 quarter point hikes, suggested back in December, to just two. Given the deteriorating economic outlook, I believe there can
Two Down – Two to Go Read More »
Before I get into the economic news of the past couple of days, the big event today was the terrorist attacks in Belgium and I want to offer my condolences to the people of Belgium and also on behalf of my listeners from the U.S. and all over the world This will probably work to
Government Encourages Student Debt While Discouraging Hiring – Ep. 153 Read More »
Happy St. Patrick’s Day everybody and to those of you who have been waiting since yesterday for this podcast, you won’t be disappointed Yesterday I did an interview with Liz Claman at Fox Business News and I did respond to the Fed’s decision. That video is up on my YouTube Channel. The Fed did not
Yellen’s Feet Were Always Cold – Ep. 152 Read More »
We have some key primary elections coming up tomorrow and I want to take an opportunity to do a podcast on Donald Trump and the Trump phenomenon A lot of people are under the impression that I am endorsing Donald Trump because I have said some positive things about him and his campaign But I
Can Trump Make America Great Again? – Ep. 151 Read More »
Mario Draghi at the ECB fired his big bazooka today; people had anticipated that that would be the case In fact, it seems like he fired a bigger blast than people were expecting, he announced that he would reduce negative interest rates further They moved from -.3 to -.4 and he announced an expansion of
Draghi’s Bazooka Backfires, Gold Explodes – Ep.150 Read More »
So far it’s been a pretty light week but what little economic data that has been released is bad, and all of it evidences the recession that nobody wants to acknowledge Let’s start with the Consumer Credit numbers that came out on Monday. Not only was the number extremely weak, but the revisions to the
Why Didn’t the Fed “Just Say No”? – Ep. 149 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital In his seventh, and final, State of the Union address this January, President Obama, clearly looking to bolster his legacy as the president who vanquished the Great Recession, boldly asserted that “Anyone claiming that America’s economy is in decline is peddling fiction.” Unfortunately for the President, more and more Americans
Peddling Fiction, Ignoring Fact Read More »
The media, the Federal Reserve and President Obama continue to ignore the overwhelming evidence out this week, in fact every week for the past couple of months that the U.S. economy has already slipped back into recession The last revision to Q4 GDP showed the economy grew by 1% for the quarter, but remember, the
Part-time Employment SURGES as Weekly Earnings Drop the MOST EVER! Read More »