Garbage In, Garbage Out: SchiffGold Friday Gold Wrap Feb. 17, 2023
Garbage in, garbage out. The phrase is usually associated with computers, but it also applies to the formulas used to generate government economic data. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey goes over the January CPI and retail sales data with that phrase in mind.
TOPICS COVERED
- January CPI undercuts the disinflation narrative
- Market reaction to the CPI data
- More bad inflation news in PPI data
- Disinflation is transitory
- January retail sales blow past expectations
- The dark side of the retail sales report
- Why we should maintain a healthy skepticism when looking at all these 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
Fiscal 2023 Budget Deficit Already Approaching a Half-Trillion Dollars
Upward CPI Revisions Further Undercut Disinflation Narrative
Peter Schiff: Inflation Is Going to Get Much Worse (Interview)
Nestle Plans Price Hikes After Inflation Eats Into Profits
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