SchiffRadio Podcast Episode 2 Synopsis Economic Data – More weak data Purchase applications index declined by 7.2% – biggest decline in 14 years Treasury yields slightly up for the week Retail sales up – Buying more or paying more? auto purchases with cheap money inflation not taken into account Auto loans increasingly delinquent Fed Policy I’ll admit to being wrong if the Fed raises interest rates back to normal and shrinks its balance sheet back to normal, as promised, and does not produce a financial crisis. Interest Rates Negative Interest Rates in Japan and in Switzerland Inflation Paul Krugman says we should be at 4% inflation and a minimum wage of $10.10 Commentary on Henry Blodgett’s inflation comments Column from David K. Johnson on how corporations are getting rich by paying taxes Employment Jobless claims up, indicating a trend change The Economy Recognizing bubbles ahead of the crisis Europe – Poll on Scottish independence Social Issues: The NBA in the hot seat for racism Over-reaction to the Ray Rice story