Tuesday , October 15 2019
Home / Tag Archives: Donald Trump (page 2)

Tag Archives: Donald Trump

Peter Schiff: The Media Has Flipped the Narrative on Trump

Last week, the yield curve inverted, with the yield on the 10-year Treasury falling below the yield on the 2-year for the first time in 12 years. This has historically been a good predictor of recessions. US stock markets sold off on the news, with the Dow shedding 800 points. As Peter Schiff noted in his most recent podcast, the mainstream also suddenly started talking about the possibility of an economic downturn.As Peter put it, the media has flipped the narrative on Trump.All of a...

Read More »

Peter Schiff: There’s No Way Out and It’s Political Disaster for Trump

Peter Schiff appeared on Fox Business last week after the yield curve inverted and the Dow dove 800 points. Peter said the looming economic disaster for the US will turn into a political disaster for Pres. Trump.Peter started out the interview asserting that everything the Federal Reserve has done since the 2008 financial crisis was a mistake.All they did was succeed in making all the problems that caused that crisis worse. Now, they covered it up by inflating an even...

Read More »

Yield Curve Inversion: Are Investors Really “Fleeing to Safety” from a Looming Recession?

The media and economics talking heads are worrying about the current inversion of the yield curve, the graph of market-set rates of return on U.S. government securities of increasing lengths. Inversion is often interpreted as a sign that the stock market is expecting a recession—though, as Paul Samuelson quipped, the stock market has accurately predicted nine of the last five recessions. Usually, the yield curve slopes upward, reflecting investors’ demand for better...

Read More »

Peter Schiff: Trump Trumps Fed With Tariff Card

The Federal Reserve’s modest rate cut last week disappointed President Donald Trump. He wanted more and he was quick to criticize Powell and Company. The very next day, the president trumped the Fed by slapping down the tariff card.Peter Schiff talked about the president’s move in a recent podcast. Trump took to Twitter right after the Fed announced its 25-basis point rate cut, tweeting, “What the Market wanted to hear from Jay Powell and the Federal Reserve was that this...

Read More »

Trump inadvertently admits in a Tweet that his trade war is an abject failure – Publications – AEI

AEI Trump inadvertently admits in a Tweet that his trade war is an abject failure Here’s the opening of an article in today’s Wall Street Journal titled “Trump Ordered New Chinese Tariffs Over Objections of Advisers“: President Trump overruled advisers to ramp up tariffs on China after a heated exchange in which he insisted levies were the best way to make Beijing comply with U.S. demands, according to people familiar with the matter. Barring a break in the impasse,...

Read More »

Casey Mulligan on Trump versus Reagan

University of Chicago economics professor Casey Mulligan, fresh off his one-year stint as chief economist with President Trump’s Council of Economic Advisers, has an interesting comparison of Trump vs. Reagan on economic deregulation. Here’s the opening: Thanks to a book written in 1986 by former Reagan CEA member William Niskanen, it is easy for an economist from the Trump CEA to rigorously compare economic policies and processes between the two presidents.  On...

Read More »

Rate Cut! Tariff Hike! ShiffGold Friday Gold Wrap August 2, 2019

The Federal Reserve came through with its first interest rate cut in more than a decade this week. But with Jerome Powell trying desperately to convince everybody that this wasn’t the beginning of a long cutting cycle, the stock markets weren’t pleased. And neither was President Trump. So, he decided to put his own fingerprint on the markets, announcing new tariffs on Chinese products. In this week’s Friday Gold Wrap podcast, host Mike Maharrey breaks it all down and explains how it...

Read More »

Peter Schiff: Trump Kills the Tea Party

After claiming to be the greatest at just about everything, Donald Trump has finally found an area where he can stake a credible claim. By negotiating a disastrous budget deal with Democrats, the President could become the greatest creator of government debt in the history of the country.While Trump is selling the two-year deal as a major victory because it increases military spending and removes the possibility of a government shutdown for two years, in reality, the agreement to suspend...

Read More »

Peter Schiff: All This Talk About a Booming Economy Is Fake News

We got the first Q2 GDP estimate on Friday. Economic growth slowed to 2.1%, but the number came in slightly better than economists had projected.In his most recent podcast, Peter Schiff broke down the GDP report. As he put it, when you actually look beneath the numbers, the quarter was a disaster.This was a horrible quarter for GDP.”The most important part of GDP – gross private domestic investment – was actually down 5.5%. That represents the weakest quarter since Q4...

Read More »

Peter Schiff: We’re Heading for Recession No Matter What the Fed Does With Rates

Jerome Powell took center stage last week and the Federal Reserve chair didn’t do anything to dampen expectations of a rate cut. His comments sent both stocks and gold higher.Peter Schiff recently appeared on RT Boom Bust with University of Amherst economics professor Richard Wolff to talk about the Fed and its impact on the markets. Pete said no matter what the Fed does, a recession is coming.Peter opened the interview saying the main reason the Fed is cutting rates is...

Read More »