The price of gold continues to retreat Gold was down about $12 today; it closed around $1310 The dollar index up again as more and more people begin to contemplate the possibility of a rate hike in either September or December Or maybe even both, because the odds of a rate hike, either in September […]
The Fed Up Fix Is In – Ep. 190 Read More »
Earlier today Janet Yellen delivered her much-anticipated and way over-hyped speech at the annual Jackson Hole Symposium It wasn’t as irrelevant as I thought it was going to be, but the actual relevant part of the speech was lost on just about everybody Instead they keep focusing on whether or not the Fed is going
Yellen Basically Admits The U.S. Is A Banana Republic – Ep.189 Read More »
The price of gold fell about $12/oz today; silver prices were down another .28 Both metals have been falling since recent new yearly highs Gold, though is not very much below the highs The real carnage has been in the mining stocks, particularly today; today was one of the biggest down days I’ve seen all
When Janet Yellen Talks, Why Do People Still Listen? – Ep. 188 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital Economics is far simpler than most in academics or government would have you believe. To make accurate predictions all you really need is an honest appreciation of the self-interest that is at the heart of free market transactions and an ability to understand how regulations that
Big Policies, Bigger Failures Read More »
The dollar was broadly weaker today with the dollar index closing down .85 to 94.78 At that time gold was up about $18; sliver up about .25 Then all of a sudden New York Fed Chairman William Dudley in an interview on Fox Business basically said that a September rate hike was still possible Look,
Fed Advocates Higher Inflation And Larger Deficits! – Ep. 187 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital If the Economy were a car, productivity would be the engine. Heated seats, on-demand 4-wheel drive and light-sensitive tinted windshields, are all very nice. But they mean little if the engine doesn’t turn and the car just sits in the driveway. The latest productivity data from
Central Banks Are Choking Productivity Read More »
Today we got the official numbers for Q2 Non-Farm Productivity and the consensus was that it would increase for the first time in 3 quarters; the prior 2 quarters we saw a decline in productivity So analysts were looking for a .5 increase in the second quarter Instead, we got a decline of .5 More
Kill The Estate Tax To Save Jobs – Ep. 186 Read More »
What a difference a week makes, or maybe and economic report The two big reports that everybody seems to focus on are the GDP numbers and the jobs numbers It seems that the weaker the economy is, as measured by GDP, the more jobs, somehow, the economy seems to create We got the jobs report
“Strong” Jobs Report More Politics Than Economics – Ep. 185 Read More »
The carnage in global stock and bond markets continues; it really got started last night in Japan The JGB (Japanese Government Bonds) dropped for the 3rd consecutive day The biggest 3-day drop in bond prices in Japan in over 3 years, so yields surging, along with the Japanese yen Of course, this is not supposed
Will The Fed Sacrifice The Recovery Myth To Save The Markets? – Ep.184 Read More »