Yesterday we finally got the release of the initial estimate for Q4 GDP The Atlanta Fed had originally come out with an estimate of about 3.8 and had steadily reduced their estimate They got down as low as 1.9 before ratcheting it up a couple of times and their estimate was at 2.1 when we […]
Was Q3 GDP Rigged Just In Time For The Election? Ep. 206 Read More »
The odds of a December rate hike continue to ratchet up above 70% We had a parade of Fed officials, most recently again today coming out and talking about why a December rate hike is a good idea, probable, possible, appropriate You name the adjective, some Federal Reserve president, governor is discussing it The markets
Markets Ignore Fed’s Bullard One And Done Admission – Ep. 205 Read More »
The official probability of a December rate hike continues to diminish over the last several days The markets had the rate hike at about a 70% probability; now we’re down to about 60% Personally, I think the odds are closer to zero, and over time, as we get closer and closer to that December meeting,
Pace Of Consumer Price Increases Set To Accelerate – Ep. 204 Read More »
It’s another week where the dollar remained relatively firmly bid; the dollar index closing just above 98 Gold prices seem to have a lid on them; they closed down today about $7 Gold’s not really going down, but it’s not really going up, either What are going up are bond yields, long-term bond yields are
Media Trumps Up Obama To Help Clinton – Ep. 203 Read More »
The most highly anticipated presidential debate in history is over and to me, the anticipation was more like a highly-promoted professional boxing match Right away, as soon as the debate was over, CNN comes out with its poll, showing Clinton badly beating Donald Trump And I thought that, if this were like a prize fight,
Putting The Trump Controversy Into Perspective – Ep.202 Read More »
This morning the government released the most important, the most highly-anticipated economic release of the month At least that’s what everybody who trades in just about any market believes And that is the Non-Farm Payroll Report; the official scorecard on job creation and unemployment This time it was for the month of September, the final
September Jobs Report Even Weaker Than It Appears – Ep. 201 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital Currently economists and market watchers roughly fall into two camps: Those who believe that the Federal Reserve must begin raising interest rates now so that it will have enough rate cutting firepower to fight the next recession, and those who believe that raising rates now will
The Next Recession Looms Large Read More »
This is my 200th podcast and I looked back to the date of the first one and it was just over 2 years ago, September 2014 I began this podcast shortly after I ended the Peter Schiff Radio Show I hope everybody is enjoying these podcasts and if you like what you’re listening to, help
Trumped Up Rate Hikes – Ep. 200 Read More »