Friday , October 18 2019
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Tag Archives: recession

Is the Fed Lying to us, or… Just being Disingenuous?

A Pfennig For Your Thoughts Rocktober 16, 2019 * Dollar gets sold, currencies rally… * There’s a BREXIT deal on the table! Good Day… And a Tub Thumpin’ Thursday to you! Congratulations to the Washington Nationals, who will play in their very first World Series… They swept my Cardinals on Tuesday night, and ran them out of the stadium… It was a pretty good year for my beloved Cardinals, but in the end, they showed what I had said all along in the season… They just couldn’t hit, as a team… The...

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QE4ever Arrives in One Quantifiable Quantum Leap!

It’s QE4ever, Baby! The Fed’s latest move back into quantitative easing took a quantum leap in a single day with last week’s rush announcement of major permanent money injections to begin this Tuesday. Since the Fed adamantly denies it is doing what it is doing — going back to quantitative easing (because they legally have to deny it) — we could just call it the Fed’s new quantitative mechanics. If we must avoid the term quantitative easing, as some writers are insisting we should, I’ve come...

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Markets Are Learning That Deficits Do Matter!

A Pfennig For Your Thoughts Rocktober 9, 2019 * Currencies remain in tight ranges once again… * More talk about Repos and interest rates… Good Day… And a Wonderful Wednesday to you… Well, they finally got around to shipping me my new meds for treating my leg wound yesterday… I had lost patience waiting, and called to check on it, and 10 minutes later it showed up at the door… If I had just had a bit more patience, eh? Well, later this afternoon, into the evening, my beloved Cardinals will...

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Hello, Angela? This Is Boris… We Have No Deal!

A Pfennig For Your Thoughts Rocktober 8, 2019 * Currencies trade in tight ranges on Monday… * Fed keeps pumping Billions into the repo market… Good Day… And a Tom Terrific Tuesday to one and all! I’m a little giddy today, because my beloved Cardinals came back late, tied the game and then won it in the 10th, with a walk-off sac. Fly from their longest tenured player, Yadier Molina…. Who had tied the game in his previous at bat! It was a thrilling game back and forth, and I was able to watch...

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Peter Schiff: Spiraling Toward Recession

Last week, we got bad news in the manufacturing sector. The ISM index of national factory activity dropped to a 10-year low. It was the second straight month the number was below 50, which indicates a contraction in manufacturing. That news sent stock markets into a tailspin. This was followed up by a very week service sector report the following day.In his most recent podcast, Peter Schiff said the service sector is about to follow manufacturing into recession. He also talked about the...

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The Relentless Road to Recession

“Show me the data,” demand those who cannot see a recession forming all around them and who keep parroting what they are told about the economy being strong because it is what they want to believe; yet, the data look like an endless march through a long summer down the road to recession. And that is what you are going to get in this article, a seemingly endless parade of data along the recessionary road. This is for the data hounds. As we end the summer of our discontent when few would deny...

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The Word of the Day Is Volatility: SchiffGold Friday Gold Wrap Oct. 4, 2019

It was a bumpy ride in the markets this week. Right now, volatility is the name of the game – in both stocks and precious metals. People are getting nervous out there with some pretty grim economic data this week stirring up recession fears. Meanwhile, the US government just keeps spending money it doesn’t have. Host Mike Maharrey talks about all of this and more in this week’s episode of the Friday Gold Wrap podcast.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of...

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Markets Get A Glimpse Of The Recession Train!

A Pfennig For Your Thoughts Rocktober 2, 2019 *dollar gets sold, gold gains, bonds rally… * RBA cuts rate below 1% for first time in history! Good Day… And a Wonderful Wednesday to you! I would bet that the good money was on the Washington Nationals last night to win the wild card game… And they would be out a lot of money this morning, as the Brewers won the game, and head to Los Angeles to play the powerful Dodgers… I half watched the game and half read throughout the night… This will be...

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Could Pricey Urban Meccas become Crime-Ridden Ghost Towns?

If there is any trend that’s viewed as permanent, it’s the enduring attraction of coastal urban meccas: despite the insane rents and housing costs, that’s where the jobs, the opportunities and the desirable urban culture are. Nice, but like many other things the status quo considers permanent, this could reverse very quickly, and all those pricey urban meccas could become crime-ridden ghost towns. How could such a reversal occur? 1. Those in the top 10% who can leave...

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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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