Trumped Up Rate Hikes – Ep. 200
This is my 200th podcast and I looked back to the date of the first one and it was just over 2 years ago, September
This is my 200th podcast and I looked back to the date of the first one and it was just over 2 years ago, September
Aliens didn’t invade the Earth, and the Federal Reserve didn’t raise interest rates If you remember, I was pegging the probability of each at roughly
This morning the Federal Open Market Committee began its 2-day meeting, where they’re supposedly going to discuss raising interest rates for the second time We’re
We got a lot of economic data released today, most of it bad, and most of it worse than expected What I did not expect
Last week on Thursday we got that much weaker than expected ISM Manufacturing number, which didn’t get a lot of attention because it came out
On Friday we got the Non-Farm Payroll report and, of course, this jobs report is the most important ever Because it was going to determine
On Friday we got the Non-Farm Payroll report and, of course, this jobs report is the most important ever Because it was going to determine
The price of gold continues to retreat Gold was down about $12 today; it closed around $1310 The dollar index up again as more and
The price of gold fell about $12/oz today; silver prices were down another .28 Both metals have been falling since recent new yearly highs Gold,
The dollar was broadly weaker today with the dollar index closing down .85 to 94.78 At that time gold was up about $18; sliver up