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Tag Archives: Federal Reserve

Markets Poised to Crumble Like a Sandpile; Gold Could Hit $2,000 (Video)

The price of gold is up over 9.5% since the beginning of the year. One strategist who appeared on CNBC yesterday says he sees it going even higher – as high as $2,000 by the end of the year.David Roche heads London-based Independent Strategy. During an interview on CNBC’s Squawk Box, he said he sees bad things to come in the stock markets but gold will shine.I actually believe financial markets are now poised to crumble like a sand pile.”Roche said the Federal Reserve...

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THE WOLF STREET REPORT: After All This Money Printing, Where’s the Huge Inflation?

Oh, it’s here alright. With all this central-bank money printing and zero-interest-rate policies and negative-interest-rate policies, and central-bank liquidity injections, with all these loosey-goosey monetary policies around the globe, why are we not seeing huge bouts of inflation? (12 minutes) Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate “beer money.” I appreciate it...

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Fed Sheds $38 Billion in Treasuries and MBS in June, Dumps MBS at Record Pace, Exceeding “Cap” for First Time

Where is the Fed’s “U-Turn” that Wall Street promised us? In June, the Fed shed Treasury securities at the slower pace announced in its new plan for QT, but it dumped Mortgage Backed Securities (MBS) at the fastest rate since the QE unwind started, breaching its “up to” cap for the first time. And it is experimenting with the opposite of its QE-era “Operation Twist” – Operation Untwist? Total assets at the Fed fell by $34 billion in June, as of the balance sheet for the week ended July...

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I Just Hope the Fed Doesn’t See This Jobs Report

Wall Street’s fervent hopes and prayers for rate-cut ammo were not fulfilled. Wall Street, clamoring for three to four rate cuts this year, was hoping and praying fervently for a lousy jobs report that would “force” the Fed to cut rates. Those hopes and prayers were not fulfilled when the Labor Department released its data trove for June this morning, the last jobs report before the next Fed meeting. Stocks instantly swooned. And the 10-year Treasury yield jumped by 10 basis points...

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Wild Mood Swings: SchiffGold Friday Gold Wrap July 5, 2019

Gold has gone through some wild mood swings this week. It plunged back below $1,400 per ounce on Monday only to rally and climb back above that key level on Tuesday. What’s driving these fluctuations? And what should investors be focusing on? Mike Maharrey talks about it in this week’s Friday Gold wrap. He also touches on some positive signs in the silver market, the global movement toward de-dollarization, and he remembers a friend of liberty who passed away this week.The SchiffGold...

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Peter Schiff: The Reality on Wall Street

The Dow Jones just had its best June since 1938. Overall, stocks were up around 7% last month. It was also the best first half for stocks in 22 years.Meanwhile, gold gained about 8% on the month. As Peter pointed out in his latest podcast, while stocks had significant gains in dollar terms, they actually lost value in terms of real money.And as Peter pointed out, when you look at the recent stock market gains, you have to put them into context.The only reason that the market has done so...

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Markets Might Hafta Grapple with “Patient”: Fed Rate Cut in July After This Inflation?

Not a rate-cut economy. The inflation index that the Fed has anointed to be the yardstick for its inflation target – the PCE price index without the volatile food and energy components – rose 0.19% in May from April, according to the Bureau of Economic Analysis this morning. This increase in “core PCE” was near the top of the range since 2010. It followed the 0.25% jump in April, which had been the third largest increase since 2010: Fed Chair Jerome Powell, at the press conference...

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And Just Like That… SchiffGold Friday Gold Wrap June 28, 2019

And just like that, gold was over $1,400. Just a couple of weeks ago, we were talking about how gold was struggling to crack through the key $1,300 level. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the main drivers behind the gold market right now, including the trade war and central bank mechanizations. He also covers some supply and demand fundamentals.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news...

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The Fed’s Stealth Stimulus Has Arrived

It’s not so stealthy. This is the transcript from my podcast, THE WOLF STREET REPORT: Let me just throw this out there for us to kick around: The Fed has already accomplished more with its verbiage so far this year than it had in the past when it actually cut rates multiple times, all the way down to near zero, and did trillions of dollars of QE. We’re already seeing the first results. Here’s why. The US government can directly stimulate the economy by borrowing trillions and spending...

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Do Deficits Even Matter? Why Yes, Yes They Do

Do deficits even matter?They used to — at least in conservative circles. And even in some progressive circles when Republicans were in control of Washington D.C. But today, the federal government is running record deficits and has pushed the national debt over $22 trillion and virtually nobody even bats an eye.In a recent Wall Street Journal article, John Yarmuth, chair of the House Budget Committee summed up the attitude toward the spending and debt in Washington D.C. He said he rarely...

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