It was Turnaround Tuesday in the global financial markets as stocks are recovering from 2 days of carnage following the surprise Brexit vote in the U.K. The Dow was up almost 270 points today, NASDAQ up about 97 But really the markets got beaten up the last couple days The smallest bounce was from the […]
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If The Markets Were Healthy Brexit Would Be A Non- Event – Ep.177 Read More »
The British actually voted to leave the EU and it wasn’t even that close I think by midnight last night EDT it was obvious that Leave was going to beat Remain I think it ended up 52% voting to Brexit and 48% voting to remain Of course, the markets were taken by surprise, in fact,
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Brexit Is Not The Reason; It’s The Catalyst – Ep. 176 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital Janet Yellen should send a note of congratulations to Nigel Farage and Boris Johnson, the British politicians most responsible for pushing the Brexit campaign to a successful conclusion. While she’s at it she should also send them some fruit baskets, flowers, Christmas cards, and a heartfelt
Brexit is Just What the Dr. Ordered Read More »
I’m on vacation this week but I did take a little time out to little time out to listen to Janet Yellen’s semi-annual “Humphrey-Hawkins” testimony – she testified first before the Senate, that was yesterday and today she was before the house It used to be a lot more interesting with Ron Paul was on
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Janet Yellen Doesn’t Know Murphy’s Law – Ep.175 Read More »
Gold closed the week at the highest weekly close since January of 2015 Not quite above the $1300 benchmark – I think we closed about $1298 – up about $20 on the day Intra-day yesterday, gold was well above $1300 Until there was news that a British Member of Parliament was shot and that somehow
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Alien Invasion More Likely Than July Rate Hike – Ep.174 Read More »
This is the week of the June FOMC meeting, although it’s really going to be a dud For a while there was speculation that the Fed was going to pull the trigger and increase interest rates for the second in almost 10 years – for the first time this year I don’t know if anybody
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Brexit Not The Reason Fed Won’t Hike In June – Ep. 173 Read More »
Janet Yellen spoke yesterday and this was the first time she spoke following the release of the much weaker than expected Non-Farm Payroll report that we got on Friday Not only was the month of May much weaker than expected but they revised down the prior month which was already weaker than expected and now
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Government Schools Dumb Down The Electorate – Ep.172 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital Stop me if you’ve heard this one before: A Fed official walks into a bar and says the economy is improving and rate hikes are appropriate. The patrons order another round to celebrate. Then disappointing data comes out, the high fives stop, and the Fed official
Lather. Rinse. Repeat. Read More »
It was a few weeks ago, following the release of the FOMC meetings, in which the various governors appeared quite hawkish in their tone They were talking about the resurgent U.S. economy, the strengthening labor market and that they thought it would be appropriate to raise interest rates in June As a result of that,
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May Jobs Report Takes June Rate Hike Off The Table – SchiffReport Read More »
