Tuesday , April 13 2021
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Tag Archives: inflation

Currencies Post Gains Vs The Dollar…

A Pfennig For Your Thoughts April 12, 2021 * Dollar Index continues to head downward… * Chuck talks about inflation today…  Good Day… And a Marvelous Monday to you! The weather over the weekend turned chilly once again, as I’ve said before April’s weather is a crapshoot… But Friday was marvelous, weather wise, and I held a driveway happy hour, for neighbors and friends, and… My old World Markets Desk… All the folks, except one, made it out to my little river town, and we sat out, and got to...

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Why are economists losing prestige?

Ezra Klein sees the Biden administration as downgrading the role of economists: Biden has less trust in economists, and so does everyone else. Obama’s constant frustration was that politicians didn’t understand economics. Biden’s constant frustration is that economists don’t understand politics. Multiple economists, both inside and outside the Biden administration, told me that this is an administration in which economists and financiers are simply far less...

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When Doves Cry: SchiffGold Friday Gold Wrap April 9, 2021

Gold hit its highest price in five weeks after the release of the March Federal Reserve meeting minutes and comments by Jerome Powell both reiterated the central bank’s dovish position. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed’s dovish cry and how this could play out. He also discusses a strange dichotomy in the unemployment numbers.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled...

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GDP Numbers Can Hide Real Economic Damage

According to the mainstream narrative, the US economy is quickly recovering from the downturn caused by lockdowns in response to COVID-19. And while the downturn was sharp and painful, it really didn’t cause any long-term economic damage. Good times are ahead! After all, just look at the booming GDP numbers.And therein lies a problem. The GDP doesn’t really give us a good picture of what’s going on in the economy. In fact, the way the number is calculated actually hides economic...

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The Mainstream Is Wrong About Rising Bond Yields and Gold

Prices are going up. The Federal Reserve is printing money at an unprecedented rate. The US government continues to borrow and spend at a torrid pace. As Peter Schiff put it in a recent podcast, we’re adrift in a sea of inflation. Gold is supposed to be an inflation hedge. So, why isn’t the price of gold climbing right now?In a nutshell, rising bond yields have created significant headwinds for gold. And the mainstream is reading rising yields and their relationship to gold all wrong. It...

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Peter Schiff With Tucker Carlson: Inflation Is a Painful Tax

We’re told inflation isn’t a problem. But a quick trip out to the grocery store or to fill up your car with gas tells you otherwise. Prices are going up. Peter Schiff recently appeared on Tucker Carlson’s show to talk about inflation. He said the price of everything is going up and the value of everything is going down.It’s clear that prices are rising. Peter said it’s going to get even worse.You have to remember that inflation really is nothing more than a tax. Now, when the government...

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“This Looks Like The Market Peak”

Stocks, houses, commodities, Bitcoin – the price of nearly everything is up double digits vs last years pre-coronavirus highs.  Have the trillions in stimulus ushered in a new bull market in, well, everything? Or have they helped blow the biggest asset price bubble in history? Macro analyst Wolf Richter suspects the latter. And he doesn’t think we have much time left before it bursts. In an interview with our friend Adam Taggart, Wolf concludes we’re seeing a mania that will...

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We’re on the Cusp of Mass Crypto Acceptance

It’s happening. The acceptance of digital currencies as a form of payment expanded greatly this week, foreshadowing the increasingly important role cryptos such as Bitcoin and Ether will play in our lives going forward. Both Visa and PayPal announced they will begin allowing the use of cryptocurrencies to settle transactions. This comes a week after Tesla said it will now accept Bitcoin as a method of payment, and a month after Mastercard signaled it would start supporting cryptos sometime...

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Opportunities Lost: SchiffGold Friday Gold Wrap April 2, 2021

Joe Biden unveiled his massive infrastructure spending plan complete with tax increases this week. The president says it will create “opportunities.” But what about the opportunities that will never be realized because Biden and company went on a spending spree with our money? Host Mike Maharrey talks about it in this week’s Friday Gold Wrap podcast, along with the latest precious metals and Fed news.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s...

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It’s Baseball’s Opening Day! YAHOO!

A Pfennig For Your Thoughts April 1, 2021 * Currencies drift again on Wednesday and overnight * Chuck asks, Has the bottom for Gold been put in?  Good day… And a Tub Thumpin’ Thursday to you! Another beautiful, very warm, day here… The weather people tell me that today will be a day of rain… We haven’t had a drop of rain here since the first weekend of the month… So, even though it’s my last day here for a while, I’ll be OK, with rain… For all that came to visit us this month, you’ve had...

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