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Tag Archives: Interest rates

Silver Breaks Out! SchiffGold Friday Gold Wrap July 19, 2019

As gold has rallied over the last few months, silver has lagged behind. The silver-gold ratio spread to near-record levels.  This tells us that silver is extremely undervalued compared to gold. But last Tuesday, that spread began to narrow ever-so-slightly and silver crossed a key price level on Thursday. Could this be the beginning of the breakout in silver we’ve been expecting? On this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down what’s going on in the silver...

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Americans Are Still Running Up Their Credit Cards; Consumer Debt Sets Another Record

Americans are buying stuff. Retail sales were stronger than expected in June. Auto sales increased by 0.7% after a similar rise in May, helping boost total retail spending. Overall, retail sales were up 0.4% last month. The Commerce Department revised May sales down from 0.5% to 0.4%.Increasing retail sales would seem to be a good sign for the economy, but the latest consumer credit numbers reveal an underlying problem. Americans are buying a lot of this stuff on credit. How long can...

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Peter Schiff: We’re Heading for Recession No Matter What the Fed Does With Rates

Jerome Powell took center stage last week and the Federal Reserve chair didn’t do anything to dampen expectations of a rate cut. His comments sent both stocks and gold higher.Peter Schiff recently appeared on RT Boom Bust with University of Amherst economics professor Richard Wolff to talk about the Fed and its impact on the markets. Pete said no matter what the Fed does, a recession is coming.Peter opened the interview saying the main reason the Fed is cutting rates is...

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Easy Street Is Paved With Gold: Schiff Gold Friday Gold Wrap July 12

Jerome Powell took center stage this week and the Federal Reserve chair didn’t do anything to dampen expectations of a rate cut. That sent both stocks and gold higher. The yellow metal pushed back above $1,400 after tanking in the wake of last Friday’s June jobs report and stocks swooned. Everybody seems to love Easy Street. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down what the Fed chair said and didn’t say. He also debunks the “there is no inflation”...

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FOMC Minutes Show Members Interested In A “Deeper Cut”

A Pfennig For Your Thoughts July 11, 2019 * Gold soars on the Powell comments that a rate cut is coming… * Currencies get on the rally tracks too, as the dollar gets sold… Good Day…. And a Tub Thumpin’ Thursday to you! I’m going to try to do some Tub Thumpin’ this weekend ahead of my hospital visit next week… It’s also 7-11 day! We have to observe this day by getting a Big Gulp! HA!This waiting for the Pfennig Replies box to be back in the saddle is getting very old and causing me to have a...

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What’s up with the obsession about low interest rates? – Publications – AEI

AEI What’s up with the obsession about low interest rates? Ceterius paribus of course….. Sellers like high prices and buyers/consumers like low prices. If government policy raises prices sellers are happy and buyers are worse off. If government policy lowers prices buyers are happy and sellers are worse off. Workers like high wages and employers prefer like low wages. If government policy raises wages (e.g., minimum wage hikes), workers are happy and employers are worse off. If...

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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 Current Boom Will Get What’s Coming to It

After the stock market started to tank last fall, the Federal Reserve rushed in and saved the day – at least temporarily. Peter Schiff predicted this would happen. In fact, last December he said the Fed was about to initiate its last rate increase. But Peter also said the “Powell Pause” wouldn’t be enough. Just a couple of weeks ago, Peter reiterated that the Fed is about to cut interest rates again.This isn’t mere speculation. Peter is basing these predictions on fundamental economic...

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The Fed Is Out of Patience; Gold Breaks Out! SchiffGold Friday Gold Wrap June, 21, 2019

The Federal Reserve held its June Open Market Committee Meeting this week and it looks like Powell and company are fresh out of patience. In fact, that word didn’t come up once. And while the Fed held pat on interest rates, for now, virtually everybody is betting on a rate cut in the near future. This has caused gold to surge to prices not seen in nearly six years. Meanwhile, American consumers are still running up debt and the Chinese are shedding it. In this episode of the Friday Gold...

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Out of Patience! Fed Sets the Table for Rate Cuts

It looks they’ve run out of patience at the Eccles Building.The Federal Reserve Open Market Committee wrapped up its June meeting yesterday leaving interest rates unchanged. But the talk coming from the central bankers was decidedly dovish. Patience was not in the Fed’s vocabulary. Instead, Powell and company talked about “uncertainty” and said they would “act as appropriate to sustain the expansion.”As Peter Schiff said in his podcast, the table is now set for a rate cut in July.[embedded...

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