Yesterday it looked like the Dow’s winning streak may have come to an end We were up 10 days in a row, which was the biggest winning streak since 1987 The Dow was down 50-60 points for the entire day It opened down and it stayed down until the very last hour, it started to […]
Trump Should Be a Statesman Not A Politician – Ep. 230 Read More »
The Dow finished with yet another gain today We closed at 20,775.60 I’ve been told that this is the longest consecutive winning streak for the Dow Jones since 1987 Of course, we all remember how that streak came to a crashing end in October with the 1987 stock market crash We’ll see if the market
The Iceman Goeth, Robots Cometh – Ep. 229 Read More »
Peter Schiff recently appeared on CNBC’s “Future’s Now” letting millions of American voters know that if they’re frustrated with Trump, they should blame the Federal Reserve. “If the economy was in good shape, not only would he have not been elected, he wouldn’t have been the Republican nominee.” Peter explained why Fed Chairwoman Janet Yellen
Voters Should Blame the Fed for Trump’s Rise to Power Read More »
The price of gold is moving in contradiction to its economic purpose, which is to serve as an investor safe haven against inflation. Shortly after the election, the dollar index spiked as gold prices began a quick decline; however, recently the trend has reversed. Gold is now up around 7% since the Fed’s December rate
3 Reasons Gold is Rising and the Dollar is Falling Read More »
In Peter Schiff’s latest podcast, he looks at the Consumer Price Index and retail sales reports released last week. The economic data came during Janet Yellen’s report to congress where the chairwoman’s testimony brought on a new wave of optimism in the markets that interest rate hikes would be coming sooner than last year’s cycle
CPI Numbers Show Inflation Already Beyond Fed’s Benchmark Read More »
Yellen spoke to congress this week, and her remarks about the new Commander in Chief could be foreshadowing an upcoming battle between the Fed’s goals and Trump’s plan to weaken the dollar. The President also made amends with China’s President Xi Jinping, but has new problems to deal with as other foreign governments shed their
Day 28: Brazen Trump Inspires Murky Global Markets Read More »
We had a very significant day in the currency and gold markets yesterday We had some good follow through today that really buttresses the point that I want to make We got some economic news that was released yesterday that would have been considered bullish for the dollar and bearish for gold By most people,
Inflation Finally Rears Its Head – Ep. 228 Read More »
Dan Kurz is a CFA with over two decades experience working in Zurich, Switzerland as a thematic strategist for Credit Suisse CIO Office. Dan’s site, DK Analytics, offers deep and broad analysis at the macro and micro level. Spearheaded by legislative efforts in Utah, Texas, and Oklahoma, a substantial number of states have undertaken
States are Moving to Abolish Federal Fiat Currency Read More »
Today Janet Yellen was up on Capitol Hill, it was the first of her 2-day testimony She was before the U.S. Senate today; tomorrow she will be testifying before the House of Representatives She talks about monetary policy; we have a bunch of Senators and Congressmen who engage in political grandstanding To me, a lot
When Yellen Talks Why Do People Still Listen? – Ep. 227 Read More »
I will be in Orlando tomorrow for the Money Show I will be there Wednesday and Thursday returning Friday I have several speaking events, a couple of workshops If you’re in the Orlando area, come by, it’s free to register online You can pick up your badge on site We’ll have a booth in the
Trade Deficits Make America Poorer Not Richer – Ep.226 Read More »