· Consumers have misplaced confidence. · Job hirings shrink as job openings grow. · Jeremy Siegel, Becky Quick, and Joe Biden compete for most ridiculous inflation comment. · Los Angeles liberals’ virtue signaling reaches new level of idiocy.
· Jerome Powell no longer believes the economy will have a soft landing. · Joe Biden is creating severe moral hazards with student loan forgiveness. · Most unsold new homes on the market since aftermath of financial crisis. · Service sector is at its weakest since the depths of covid lockdowns. · More consumers are …
· 4-week winning streak for S&P comes to an end. · Investors chasing momentum. · Not-as-weak is the new strong. · Mortgage applications at their lowest since aftermath of dot com bubble.
STATEMENT BY LANNY J. DAVIS ON IMPROPER FALSE INNUENDO BY AUSTRALIA “NINE”/60 MINUTES, THE “J5” GROUP AND AN AGENT FOR THE INTERNAL REVENUE SERVICE INTERNATIONAL TELEPHONIC PRESS CONFERENCE, AUGUST 15, 2022 2 PM EST MY NAME IS LANNY DAVIS. I AM AN ATTORNEY ADVISING MR. PETER SCHIFF. I HAVE SERVED TWO PRESIDENTS OF THE UNITED …
· NASDAQ loses steam. · Rising gold and silver propels mining stocks. · Food prices increased faster than any month since 1979. · Consumer sentiment among Democrats tumbled to a two-year low. · The Jones Act hurts everyone except the owners of certain ships.
· Wall Street parties on CPI data release. · Minimum wage is bad economics. · Democrats prepare to shakedown the middle class while protecting the billionaires and millionaires.
August 15, 2022 STATEMENT BY PETER SCHIFF ON SETTLEMENT WITH OFFICE OF PUERTO RICAN BANK COMMISSIONER (“OCIF”) https://schiffradio.com/ocif-settlement/ First, I want to express my appreciation to the OCIF Commissioner for her statement made during her June 30th press conference. In response to a direct question from a reporter as to whether “Euro Pacific Bank …
· Jobs report evidences a weak, not strong, economy. · Putin delivered price cuts, not price hikes. · Going into debt is not a sign of prosperity. · More people jobless than ever before. · Gold market shows strength.
· Treasury yields surge. · Fed forgets about inflation averaging. · Households take on all time record debt. · Nominal wages are going up, but real wages are collapsing. · China can do more damage to our economy without harming Nancy Pelosi. · Buy gold before the Chinese beat you to it.
