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Tag Archives: economy

Negative Yields Tell A Story Of Shifting Economic Leadership

Negative yields are becoming common for many of the world’s most mature economies.  The process of extending negative yields within these economies suggests that safety is more important than returns and that central banks realize that growth and increases in GDP are more important than positive returns on capital.  In the current economic environment, this suggests that global capital investors are seeking out alternative solutions to adequately develop longer-term opportunities and to...

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Recession Warning! SchiffGold Friday Gold Wrap Aug. 16, 2019

The bond market flashed a major recession warning sign as the yield curve inverted this week. Meanwhile, Trump whipsawed markets when he appeared to blink in the never-ending trade war with China. That made for an interesting week for gold. In this week’s Friday Gold Wrap podcast, host Mike Maharrey breaks down the events of the last few days and their impact on precious metals. He also remembers an important day in history that went mostly unnoticed in the mainstream.The SchiffGold Friday...

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Peter Schiff Wants to Go Double or Nothing on His 2006 Bet With Art Laffer (Video)

Economist Art Laffer owes Peter Schiff a penny after losing a 2006 bet.Now Peter is ready to go double or nothing.Peter won the penny on a bet he made with Laffer on Larry Kudlow’s TV show back in 2006. Peter said the economy as going to crash. Laffer said the economy was doing great and there was nothing to worry about.As we know, Peter was right.Laffer is at it again, claiming that the economy is strong. After the 10-year/2-year Treasury yield curve inverted Wednesday, Laffer told he...

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The Fed Has the US Economy on Life Support

The Federal Reserve has the US economy on monetary life support and managing editor Brian Maher says it will never again breathe on its own. As hedge fund manager Kyle Bass put it, the economy is trapped within the inescapable tractor beam of zero percent interest rates.As we have all learned, once an economy falls into the tractor beam of zero rates, it’s almost impossible to escape them… Growth numbers are going to come down and real growth might go to zero. We’re probably never going...

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Gold’s Record Week! SchiffGold Friday Gold Wrap Aug. 9, 2019

The price of gold surged this week, breaking all-time records in a number of currencies. It also did pretty well in dollar terms, hitting six-year highs and pushing above the key $1,500 level. Meanwhile, silver had its best single day in over three years. What drove this week’s precious metals rally? And can we expect it to continue? Host Mike Maharrey talks about it in this week’s Friday Gold Wrap. The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious...

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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...

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Gold Hits Record Highs!

Gold hit record highs in a number of currencies on Monday as trade war worries, geopolitical uncertainty and expectations of a slowing economy drove investors to seek safe haven.During a recent interview on Fox Business, Peter Schiff said the trade is to get out of the dollar and look at gold. As if to prove him right, gold shot up about 1.5% Monday in dollar terms, hitting a six-year high. The yellow metal pushed to $1,469,60 before some profit-taking stalled the rally.Silver also made a...

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Peter Schiff: The Trade Is Get Out of the Dollar and Look at Gold (Video)

Right before the Federal Reserve raised interest rates for the last time in December 2018, Peter Schiff predicted the next move would be a rate cut. At the time, Fox Business anchor Liz Claman promised she would bring Peter back on if he was right.He was. And she did.The Fed cut rates for the first time in over a decade last week. Peter appeared on to talk about the cut, reiterating that it will not stop the coming recession. He also offered some advice to investors.Of...

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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...

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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...

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