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Tag Archives: Federal Reserve

Fed Still Pouring Gas on the Inflation Fire; What Happens When Tries to Stop?

The Federal Reserve wrapped up its first Federal Open Market Committee meeting of the year yesterday without any real surprises. Despite everybody screaming about an inflation problem, the Fed will keep its loose, inflationary monetary policy in play for at least two more months.Interest rates remain locked at zero. But the FOMC said it will likely raise rates “soon.”With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise...

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Peter Schiff: This Is Going to Be Stagflation (Interview)

Peter Schiff was a guest on the Wharton Business Daily podcast produced by the Wharton School of Business at the University of Pennsylvania. Peter talked about inflation and how it will impact the US economy moving forward. He said ultimately, we’re heading toward stagflation.Peter said inflation has been a problem for a long time. A lot of people just weren’t cognizant of it.A lot of the inflation was in financial assets, so, stock prices were going up because of inflation, bond prices,...

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Mainstream Suddenly Realizes Raising Interest Rates in a World Buried in Debt Might Be a Problem

The Federal Reserve is talking about raising interest rates. But the US economy is buried under piles of debt. I’ve been asking how this is going to work for months. Apparently, the question has finally occurred to the mainstream.A CNBC article declared, “Fed rate hikes will intensify a global debt crisis, research warns.”Well, yeah. Duh.According to the study came from a UK non-profit the Jubilee Debt Campaign, debt payments rose in developing countries by 120% between 2010 and 2021....

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War on Cash: The Digital Dollar

Last week, the Federal Reserve released a “discussion paper” examing the pros and cons of a potential US central bank digital dollar. According to the Federal Reserve press release, the central bank hopes to get public feedback on the idea.“We look forward to engaging with the public, elected representatives, and a broad range of stakeholders as we examine the positives and negatives of a central bank digital currency in the United States,” Federal Reserve Chair Jerome H. Powell...

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Peter Schiff: Has Fed Talk Pricked the Mother of All Bubbles?

It appears talk of less loose monetary policy has pricked the bubble. Peter Schiff talked about it in a recent podcast.We’ve seen a significant rotation out of the overpriced, high-risk momentum stocks that enjoyed the benefit of the bubble. They are now collapsing – not because the Fed has actually tightened monetary policy, but just because it talked about it.That’s all it took to prick the mother of all bubbles. But as the air is coming out, that air is flowing into the ‘value’ sector...

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Peter Schiff: The Fed Made This Bed and Now We Have to Lie In It

Inflation is running hot. Economic data is running cold. Stocks and bonds are under pressure. The Fed is scrambling. In his podcast, Peter Schiff talked about the trajectory of the economy. He said we’re on the cusp of the most obvious crisis that virtually nobody saw coming. The Federal Reserve made this bed. Now we have to lie in it.Stocks and bonds are off to a rough start in 2022 with the expectation of rate hikes on the horizon. In fact, many analysts now think that the Fed could...

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Could Gold Shine in 2022 Despite the Fed’s Proposed Inflation Fight?

Despite an inflationary freight train, gold struggled to gain ground in 2021 as the markets fixated on the Federal Reserve and the possibility of tighter monetary policy to fight inflation. Will gold continue to fight headwinds in 2022 as the Fed launches its “inflation fight,” raises rates and possibly begins to shrink its balance sheet? Or could gold shine in 2022 despite the Fed’s feckless inflation fight?The World Gold Council released its Gold Outlook 2022 report. Despite the...

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Peter Schiff: This Bubble Economy Is Going to Burst

Peter Schiff recently appeared on the Rob Schmidt Show on to talk about the trajectory of the US economy. Peter explains how the Federal Reserve and the US government created a massive bubble, why it is going to ultimately pop, and how to protect your savings and investments when it does.The First question Rob asked was how is the Federal Reserve going to fix the inflation problem?Simply put, it’s not. The Fed will make it worse.Peter said in the first place, the Fed is lying about the...

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Peter Schiff: The Year of Living Dangerously

With 2021 now in the rear-view mirror, I believe that future financial historians may regard it as the year of peak speculation.While the history of American markets is littered with periods of irrational exuberance, none of those episodes can really match the current market for outright delusion and the blatant disregard for basic investment discipline. Where to begin?It was the year that brought us “meme stocks,” companies whose share prices skyrocketed precisely because their business...

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GDP Creates the Illusion of Fed-Fueled Economic Growth

Joe Biden keeps touting the “booming” economic recovery. And of course, he’s taking credit for it. But is the economy really booming?If you look at GDP growth, it certainly appears the US economy is in the midst of a robust recovery. But economic growth is relative. And when your baseline is an economy that was shut down, any growth looks good. Of course, there is going to be growth from virtually zero.But there is an even deeper problem with using GDP to gauge economic health. Like the...

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