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Tag Archives: Federal Reserve

Fun on Friday: I Wish I Had This Superpower!

Wouldn’t it be cool if you could just talk and your words would alter reality?It would elevate you to superhero status — or super-villain depending on your propensity to use your power for good or evil.You know, there’s a real-life person who at least appears to have this superpower.Federal Reserve Chairman Jerome Powell.Think about it. This dude gets up and makes a speech and the entire stock market moves. Bond markets respond. Gold sells off or takes off depending on the Fed chair’s...

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The Headline I’d Write: SchiffGold Friday Gold Wrap Sept. 24, 2021

The Federal Reserve wrapped up another FOMC meeting with a whole lot of talk and very little action. Interest rates remain at zero and quantitative easing continues unabated. The mainstream headlines are all focusing on the prospect of QE tapering. In this episode, Friday Gold Wrap host Mike Maharrey explains why he’d write a completely different headline about this Fed meeting.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled...

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Peter Schiff: Gold Will Explode; The Dollar Will Implode When the Markets Figure This Out

Peter Schiff says gold will explode and the dollar will implode when the markets figure out the Fed is crying wolf when it comes to monetary tightening.The Federal Reserve wrapped up another meeting without making any changes to its current extraordinary, loose, inflationary monetary policy. But the central bank did hint that it may start tapering its quantitative easing program “soon.”That was enough for the markets. They continue to expect the Fed will tighten monetary policy and fight...

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Peter Schiff: The Fed that Cried Taper

The Federal Reserve wrapped up its September FOMC meeting Wednesday and once again left its extraordinary loose “emergency” monetary policy in place. Quantitative easing continues unabated. Interest rates remain at zero. But the Fed did signal it may begin to taper quantitative easing “soon.” In his podcast, Peter Schiff broke down the FOMC statement and Fed Chair Jerome Powell’s post-meeting press conference. He said he thinks when it comes to tightening monetary policy, the Fed is...

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Does the Fed Really Want a “Bond Market Tantrum”?

A article by Stefano Rebaudo argued that the Federal Reserve might welcome a “bond market tantrum” that pushes bond yields higher. But does the Fed really want higher interest rates? And what would that mean for the economy?Despite the post-pandemic economic improvement and wide expectations that the Fed will begin tapering quantitative easing in the near future, bond yields have remained stubbornly low. Ten-year Treasury yields remain stuck just above 1.3%.Analysts cited in the report...

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Peter Schiff: Buy Less; Pay More

We got a much better than expected retail sales report for August. That sparked a selloff in gold and silver as the markets continue to anticipate Fed monetary tightening. But was this report really fantastic news? Peter Schiff breaks down the report and says it’s actually just telling us consumers are paying more to buy less.Retail sales were up a healthy 0.7% last month. The expectation was for a 0.8% decrease. Taking out autos, retail sales rose 1.8%, and x-autos and gas, retail sales...

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CPI Lie? SchiffGold Friday Gold Wrap Sept. 17, 2021

CPI data came in slightly cooler than expected for August, giving new energy to the “transitory” inflation narrative. But can we really trust these numbers? In this episode, Friday Gold Wrap host Mike Maharrey takes a deep dive into the CPI and considers this question. He also touches on the big gold sell-off Thursday sparked by surprisingly good retail sales numbers.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with...

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Why Is the Fed Desperate to Hide Inflation?

For months, Federal Reserve Chairman Jerome Powell has insisted that inflation is “transitory.” Instead of laying out a plan to taper quantitative easing, Powell used his Jackson Hole speech to double down on that narrative. Looking at the bigger picture, the US government has created a CPI calculation that intentionally understates rising prices.This raises a question: why are the government and the Fed so desperate to hide price inflation?Economist Thorsten Polleit provides some...

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Peter Schiff: Too Much Money; Not Enough Stuff

For the first time in nine months, the government CPI data came in under expectations. Prices rose by 0.3% last month, just below the 0.4% projection. Year on year, the CPI was up 5.3%. Core inflation, stripping out more volatile food and energy (for those of you who don’t eat or use energy) was up 0.1%. Core inflation is up 4% on the year.In his podcast, Peter Schiff took a deeper dive into the numbers and explained why this doesn’t prove inflation is “transitory.” He also drilled down...

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