Friday , November 16 2018
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Tag Archives: Federal Reserve

Gold: The Best House in a Bad Neighborhood

Generally, when the mainstream talks about gold, you get a negative spin. So, whenever I see anybody in the mainstream talking positively about the yellow metal, I sit up and take notice. Well, had some positive things to say about gold recently, calling it “the best house in bad neighborhood” for 2019.The article quotes a number of investment gurus who say 2019 could be a tough year for investors and gold may well glitter in the chaos.First, we have a number of geopolitical situations...

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Mortgage Rates May Hit 6% Sooner, as Fed Sheds Mortgage-Backed Securities, But What Will that Do to Housing Bubble 2?

Mortgage rates are climbing faster than the 10-year Treasury yield. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment rose to 5.17% for the latest reporting week, according to the Mortgage Bankers Association (MBA) today. This is the highest average rate since September 2009 (chart via Investing.com): Many people with smaller down payments and/or lower credit ratings are already paying quite a bit more....

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Peter Schiff: Investors Are Playing Checkers Instead of Chess

Last week, we got data on the producer price index. It came in at o.6%, a much hotter number than expected. It was the biggest jump in the PPI in six years. Year-over-year, producer prices are up 2.8%.Analysts expected the monthly increase to come in at half that – 0.3%. While the Fed typically looks at consumer prices to gauge inflation, producer prices are also significant. After all, the cost of production is ultimately passed on to the consumer.As soon as that PPI number came out, the...

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Silver-Gold Ratio Hits Quarter-Century High

The silver-gold ratio hit the highest level in over a quarter century this week.The ratio hit to 86:1 as dollar strength pulled both the price of silver and gold lower this week after the Federal Reserve indicated it plans to keep pushing interest rates higher. The price of silver fell even more steeply than the gold price. A research note by Commerzbank said it was that largest gap between the two metals in 25 years. Practically speaking, this means silver is undervalued compared to...

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Paper Gold Manipulation: It’s Your Dime Interview with Chris Powell

Central bankers and politicians actively intervene in the gold market. This may sound like a tin foil hat conspiracy theory, but there is plenty of evidence right out in the open. Chris Powell co-founded the  Gold Anti-Trust Action League (GATA) to expose the scheme. In this episode of It’s Your Dime, host Mike Maharrey and Powell talk about how government’s and central banks manipulate the market using “paper gold,” and what it means to you.Chris Powell is a long-time...

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THE WOLF STREET REPORT

Has the Fed Made a Deal with Trump? Despite intense public pressure from President Trump, the Fed is getting increasingly hawkish on interest rates and the QE unwind. But in another, even more important area, the Fed has totally caved. Has the Fed made a deal with Trump? Like: We rule over here, and in return, you get what you want over there? (12 minutes) Their “Everything Bubble” is being pricked “gradually,” and they don’t like it. Read…  Hilarious How...

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The Blue Ripple: SchiffGold Friday Gold Wrap 11.09.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.We made it through the latest “most important election of our lifetime.” So, what’s next? In this week’s Friday Gold Wrap podcast, host Mike Maharrey offers a little post-election analysis. Will it be gridlock? Or will Trump turn out to be a great dealmaker? Or something else? Mike also shares an...

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Hilarious How Wall-Street Crybabies Whine about the Fed’s QE Unwind after a Decade of “Wealth Effect”

Their “Everything Bubble” is being pricked “gradually,” and they don’t like it. Wall Street has been moaning, groaning, and crying out loud about the Fed’s current monetary policies – raising rates and unwinding QE. They fear that these policies will undo the Fed’s handiwork since the onset of QE and zero-interest-rate policy in 2008, now called the “Everything Bubble” (stocks, bonds, “leveraged loans,” housing, commercial real estate, classic cars, art…). In an effort to pressure the...

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The Fed Broadsides $1.3-Trillion “Leveraged Loan” Market

PE firms are all over this, but investors are still chasing yield. Since the Federal Reserve started warning about the risks of “leveraged loans” in 2014, the amount of US leveraged loans outstanding has surged with delicious irony from $700 billion to $1.3 trillion. These things are hot. And now the Fed is even more worried. The latest warning came from Todd Vermilyea, who leads the Risk, Surveillance, and Data sections at the Fed Board of Governors’ Division of Banking Supervision...

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Peter Schiff: Jobs Are Another Bubble About to Burst

October jobs numbers came out on Friday and everybody was all giddy about healthy growth. But in his most recent podcast, Peter Schiff said jobs are just another bubble about to burst.According to the Labor Department, the US economy added another 250,000 jobs in October. The unemployment rate held steady at 3.7%. Earnings took their biggest leap since 2009, rising 3.1% year-on-year.Peter noted that everybody considered this a really good report, but we’re working off a...

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