It looks like the U.S. stock market is going to close out the 3rd quarter on a positive note The catalyst for the rally today is the big rally in Deutsche Bank; shares are up better than 14% They were in danger of going below $10 yesterday There were nervous about maintaining accounts with Deutsche […]
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Fed Bigger Threat To Depositors Than Wells Fargo – Ep. 199 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital While a record audience watched the first presidential debate between Hillary Clinton and Donald Trump, the sad truth is that the candidates differ very little on the issues that matter most. As president, both Clinton and Trump are likely to drive the country deeper into debt,
Gold vs. Paper: The Only Debate That Matters Read More »
I’m going to use today’s podcast to offer my take on last night’s Presidential Debates Which certainly did not live up to all of the hype and expectation But the airwaves today are filled with opinion makers proclaiming that Trump won or Hillary won And of course, all of the people who think Trump won,
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The Debate We Should Have Seen – Ep. 198 Read More »
Aliens didn’t invade the Earth, and the Federal Reserve didn’t raise interest rates If you remember, I was pegging the probability of each at roughly the same True to form, the Federal Reserve did pretty much exactly what I thought they were going to do and not raise interest rates Now I thought they might
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No Alien Invasion And No Rate Hike – Ep. 197 Read More »
This morning the Federal Open Market Committee began its 2-day meeting, where they’re supposedly going to discuss raising interest rates for the second time We’re going to get the official announcement of their decision on Wednesday Most likely there will be no surprise, that they won’t raise interest rates But it will be the statement
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Damned If They Do And Damned If They Don’t – Ep. 196 Read More »
We got a lot of economic data released today, most of it bad, and most of it worse than expected What I did not expect was that the market shrugged it off Initially, there was a little reaction; gold jumped $3 but it never gained momentum and it rolled over to -$10 at the time
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Hedge Fund Billionaires Finally Calling Out The Fed – Ep. 195 Read More »
Today was a day of damage control for the Federal Reserve It almost seems like whenever they discuss the possibility of a rate hike, they’re really launching a trial balloon They want to gauge the possibility of a rate hike and then if the market kind of shrugs it off, or blesses the rate hike
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Fed Cavalry Charges To Market’s Rescue Ep. 194 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital For years I have argued that ultra-low interest rates act more as an economic sedative than a stimulant. This idea has elicited laughter from the economic establishment. But it is becoming clearer that rates set by central banks that are far below the levels that free
Negative Rates Will Kill Growth Read More »
We had widespread selling in the markets today; it was real carnage across the board Everything went down except the U.S. dollar The Dow Jones was down 394 points – about 2% That wasn’t bad compared to what happened in other indices and other sectors In fact, when it comes to the Dow Jones averages,
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Markets Rattled by Rate Hike Possibility – Ep. 193 Read More »
Last week on Thursday we got that much weaker than expected ISM Manufacturing number, which didn’t get a lot of attention because it came out a day before the jobs number which cast a pretty big shadow on all the economic data The number came in very weak, as I pointed out, it was 49.4,
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Data Dependent Fed Ignores Bad Data – Ep. 192 Read More »
