Fed People Saying Stuff: SchiffGold Friday Gold Wrap July 7, 2023
Despite doing nothing at the June meeting, Federal Reserve officials continue to talk tough about fighting inflation. The anticipation of another rate hike created headwinds for both stocks and gold this week. But Friday Gold Wrap host Mike Maharrey thinks something is amiss. In this episode, he talks about the disconnect between the central bankers’ rhetoric and their actions. Are they clueless or running scared? This week, he also talks about another big jump in the national debt and the latest on central bank gold buying.
TOPICS DISCUSSED
- Hawkish Fed drove markets this week
- Is there a disconnect between Fed rhetoric and Fed actions?
- The Fed March 2021 “dot-plot” was wildly wrong
- More than 1/3 of US businesses are in debt trouble
- The national debt surge — an amazing freak show
- Central banks still buying gold
- The June job numbers
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.
Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.
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SHOW NOTES
Fed Economists Warn of Looming Disaster Due to High-Interest Rates
Why Buy Gold Now? A Free Updated and Revised Report
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