As The New Year Begins, Will The Recovery End? – Ep. 40

The Peter Schiff Show

  • Falling unemployment trends seem to be over
  • PMI “unexpectedly” drops to 53.9%
  • Construction spending “unexpectedly” fell .3%
  • December ISM fell to 55.5
  • Draghi’s comments at ECB sparked U.S. Dollar rally despite weak data
  • Eurozone QE not likely
  • 2014 was a flat year for gold, despite bad press
  • Dollar price based on higher interest rate expectations
  • Price of gold has tripled since 2005
  • Gold mining costs rise with inflation
  • The real bubble is the confidence in central bankers

 

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.

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