It’s been over a week since I did my last podcast there’s been a lot of economic news – almost all bad The markets have been under pressure – we’re back down near the mini-Black Monday lows, solidly in correction mode The pressure on international markets has been greater Yet the vast majority of economists […]
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President Trump and Treasury Secretary Icahn? – Ep. 111 Read More »
By: Peter Schiff, President and CEO of Euro Pacific Capital Every dictator knows that a continuous state of emergency is the best means to justify tyrannical policies. The trick is to keep the fictitious emergency from breeding so much paranoia that routine activities come to a halt. Many have discovered that its best to make
Groundhog Day at the Fed Read More »
Tuesday’s podcast was titled, “Will She or Won’t She?” referring to whether or not Janet Yellen would announce an interest rate hike for the first time in almost 7 years Today we got the official answer: “No.” For the 54th consecutive time, the Fed has left interest rates unchanged at zero What is even more
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Yellen Admits Rates Could Stay at Zero Forever – Ep. 110 Read More »
Once again the Fed’s bite has failed to live up to its bark. Despite months of expectations that it would finally raise rates for the first time since 2006, the Fed continued to sit on its hands while pointing to some unspecified date in the future when all the economic and financial stars will align
Tomorrow we have the most highly anticipated Fed meeting ever, but this will not be the last time I’ll say this We’ll also be anticipating October and December if the Fed does not raise interest rates in September The odds are they won’t do it I put a Bloomberg story on my Facebook page: Yellen’s
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Will She or Won’t She? Ep. 109 Read More »
The U.S. stock market finished out this holiday-shortened week on an upnote with the Dow Jones up just over 100 points This was the best week the market has had since March The dollar was softer on the week; the euro ended solidly above 113 Gold was under pressure throughout the day but closed only
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Weak Data Belies Fed’s Upbeat Narrative – Ep. 108 Read More »
Another day, another 450-point swing in the Dow Jones The market opened about 250 points higher off the back of overseas markets Japan was the standout; it was up about 7% on the hope of more money printing All overseas markets were stronger and the U.S. followed that lead, but at the end of the
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Rate Hike Fear JOLTS Markets – Ep. 107 Read More »
Earlier today we released the most important Non-Farm Payroll report ever, at least according to the media A WSJ article stated that this report could “seal the deal” on rate hikes Interest rates have been at zero for 7 years as the Fed contemplated lift-off It all boiled down to one jobs report? If the
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Did August Jobs Ready Fed for Sept. Rate Hike? Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital There is a growing sense across the financial spectrum that the world is about to turn some type of economic page. Unfortunately no one in the mainstream is too sure what the last chapter was about, and fewer still have any clue as to what the
Meet QT; QE’s Evil Twin Read More »
