Dow Ending a Down Week on a Positive Note The Dow managed to finish a down week on a positive note; the Dow Jones was up about 55 points – 24,270-ish is where we closed. Although intra-day, we were up better than 250 points, so most fo the losses came toward the end of the […]
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Sky High GDP Forecasts Coming down to Earth – Ep. 367 Read More »
Election Results in N.Y.C. Indicate Political Backlash Trump has already said that he’s “Made America Great Again”, so whatever problems he inherited, he’s already claimed to have solved, which means any problems that arise now are brand new, under Trump’s watch, and he and the Republicans are going to take the blame. An early warning
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Socialists Take N.Y.C. Is the U.S.A. Next? – Ep. 366 Read More »
Stagflation Nobody realized just how bad the economy is, but they’re about to find out. All of the economic data that came out this week points to stagflation, if you look at the data. Look at the Philly Fed – dropped down to 19. It is the biggest drop in 4 years; the lowest since
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Most Banks Would Fail Stagflation Stress Test – Ep. 365 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital On Wall Street, it’s best not to think too hard or to look too closely into the mouths of gift horses. Since making predictions based on actual economic understanding is rare, analysts typically look to provide explanations after the fact. Within the financial services industry, currency traders
A Trade War Won’t Be Good for the Dollar Read More »
Upping the Ante The shot heard around the world in the ever-escalating trade war was fired last night by Donald Trump, threatening to impose another $200 billion of tariffs on American consumers wishing to buy Chinese goods. This followed the $50 billion in tariffs. And, remember, when Trump announced the first $50 billion tax on
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The Force Will Not Be with Us – Ep. 364 Read More »
ECB Announces Dovish Tightening The big market-moving central bank announcement this week was not the Fed. They came out with their so-called “hawkish hike”, but yesterday, the ECB came out and they were supposed to announce the end of their Quantitative Easing program, their own version of the taper, which they did. But they surprised
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Dovish ECB Roils Markets – Ep. 363 Read More »
Fed Raises Rates for the 7th Time The Federal Reserve raised interest rates today. I think this is the 7th rate hike. Six of these rate hikes have now taken place since Donald Trump was elected; five of them since he was inaugurated. The official rate now is 1.75% to 2%. The Federal Reserve targets
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Fed’s Inflation Victory Is a Loss for Consumers – Ep. 362 Read More »
Market Movers: Singapore Summit We’ve got a lot of potentially market-moving events going on this week; we’ve got the Summit which I think is getting underway this evening with North Korea’s President Kim Jong Un and President Trump meeting in Singapore. No Market Move Expected on Rate Hike We’ve got the Federal Open Market Committee
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Tariffs Did Not Cause U.S.Trade Deficits – Ep. 361 Read More »
Focusing on Emerging Markets I’m going to spend most of today’s podcast talking about what is going on in the emerging markets, in the currency market and in the stock markets; what the speculators are doing, why they are doing it and why I think they are wrong and why I think it creates an
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Time to Fade the Short EM Trade – Ep. 360 Read More »
Current Events Not much has been going on in the economy or the financial markets the last couple of days. Its been pretty quiet, so I’m going to take an opportunity to record a podcast more on current events and politics, so if you’re not interested in those topics, then maybe just wait for my
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Special Privileges for Some Means Freedom for None – Ep. 359 Read More »
