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Is This a 2007 Redux? SchiffGold Friday Gold Wrap Aug. 18, 2023

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There is a growing consensus that the Federal Reserve can successfully slay price inflation and bring the economy to a soft landing. After all, the economy appears to be chugging along. But as Friday Gold Wrap host Mike Maharrey explains, there are a lot of things bubbling under the surface that should temper that optimism. In fact, what we’re seeing today looks a lot like 2007.

TOPICS DISCUSSED

  • A tough few weeks for gold
  • This looks eerily similar to 2007
  • Banks still borrowing billions from Fed bailout program
  • The US government spent more on interest payments than national defense in July
  • Another gut punch for the US dollar

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

Biden Budget Deficits Look Like Those Normally Seen In Recessions

Soft Landing? Not so Fast!

Silver Price Inexcusably Low Given the Market Dynamics

Debt Chickens Are Coming Home to Roost

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