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
