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Tag Archives: Interest rates

Fed Mechanizations: SchiffGold Friday Gold Wrap Sept. 20, 2019

It was Fed week. As widely expected, the central bank cut interest rates another 25 basis points on Wednesday. But the real Fed action happened on Tuesday morning and most people didn’t even notice.In this episode of the Friday Gold Wrap, host Mike Maharrey talks about all of the Fed mechanizations – not just the rate cut – and what it all could mean. The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You...

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Peter Schiff: Whatever the Fed Is Going to Do Will Stink to High Heaven

The Federal Reserve did exactly what the markets expected on Wednesday, cutting interest rates by another 25 basis points.The central bank sent out mixed signals about what will happen next. Markets widely construed the Fed’s messaging as somewhat hawkish. In its policy statement, the Fed said the US economy is growing at a “moderate” rate and the labor market “remains strong. It cut rates, “in light of the implications of global developments for the economic outlook as well as muted...

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Peter Schiff: The Next Crash Could Bring Down the Fiat Money System

Peter Schiff appeared on on Tuesday (Sept. 17) to talk about interest rates, gold and the dollar. Peter said the fiat currency system may not survive the next recession.The conversation started focusing on the repo operations conducted by the Federal Reserve early in the week, Peter said the financial media and Wall Street are being much too complacent about what’s going on.Their instinct is to sweep it under the rug as no big deal, but I think it really is a harbinger...

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Is The Other Shoe About To Drop With Fed News?

We’ve been watching the markets today and over the past few days after the Saudi Arabia attack and are surprised with the real lack of volatility in the US major markets – excluding the incredible move higher, then lower in Oil.  The real news appears to be something completely different than Oil right now.  Might it be the Fed Meeting? You might remember our August 19th prediction, based on Super-Cycle research and patterns, that a breakdown in the global markets was about to take place? ...

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Peter Schiff: Why the Fed Won’t Be Able to Rescue the Economy the Next Time Around

Peter Schiff has been saying that the Federal Reserve is going to take interest rates back to zero and launch another round of quantitative easing in order to reinflate the bubble economy after the next crash. The central bank successfully pulled this off after the 2008 crisis. By dropping rates to zero and holding them there for nearly a decade, and running three rounds of QE, the Fed has reinflated the real estate bubble, blown up a bond bubble and pumped up the stock market. But Peter...

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Fed Runs Repo Operations; Is It Baby-Stepping Toward QE?

In a move “Bond King” Jeffrey Gundlach said could be a prelude to the next round of quantitative easing, the New York Fed conducted a repurchase operation involving about $53 billion in debt instruments on Tuesday. The move to designed to unplug the financial system’s “plumbing” with an injection of cash was the first such move since the financial crisis a decade ago.The purchases involved about $40.8 billion of Treasurys, $11.7 billion in mortgage-backed securities and $600 million in...

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Peter Schiff: A Very Violent Move in the Bond Market

Former Reagan administration OMB Director David Stockman has called this the “mother of all bond bubbles.” Has that bubble popped? That remains to be seen, but bonds got hammered last week.Bonds have pretty much moved in tandem with gold over the last several weeks as perceived safe-haven trades. Peter Schiff talked about it in his latest podcast, saying he thinks the bond market is eventually going to decouple from gold. Bond prices have dropped in the neighborhood of 5 to 6% recently....

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I Owe, I Owe… SchiffGold Friday Gold Wrap Sept. 13, 2019

The price of gold whipsawed this week, driven up and down by various headlines. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some of the big news that moved the markets. But he said that we need to keep our eyes on the big picture. All of this is happening in front of a backdrop of surging debt driven by central bank policy. How much do we owe and what does it mean for the future? Mike talks about it. The SchiffGold Friday Gold Wrap podcast combines a succinct summary...

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Corporations Piling Up Debt at Record Pace

Corporations are piling on the debt.Last week, companies borrowed $74 billion in the US investment-grade bond market. It was the largest corporate debt increase for any comparable period since they started tracking such things in 1972.According to , there is no sign the borrowing binge will let up. Analysts expect corporations to borrow another $50 billion through the rest of the month.Borrowing activity is also spilling over into junk bonds and leveraged loans as well. There was a $16...

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Peter Schiff: The Fed Makes Life Easier for Politicians

The Federal Reserve makes life easier for politicians by pursuing monetary policies that shield them from the consequences of bad economic decision-making. By keeping interest rates low and printing money, the Fed hides the nefarious impact of government spending, trade wars and other bad policies.Peter Schiff talked about this in a recent podcast.In an op-ed by former Fed member Bill Dudley said that the Fed should not be enabling Trump’s bad trade policy by cutting rates. Dudley said the...

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