We’ve Been Stimulated! SchiffGold Friday Gold Wrap March 27, 2020
On Monday, the Fed announced QE infinity and by mid-week, Congress had agreed on a $2 trillion stimulus package to battle the economic impacts of the coronavirus. That launched us into a bizarro world where a weekly record of over 3 million unemployment claims led to a huge stock market rally. As Mike Maharrey put it in this Week’s Friday Gold Wrap podcast, ladies and gentlemen, we’ve been stimulated. So, what exactly did the Fed do? What are the long-term ramifications? And can it work? Maharrey talks about all this and more in this week’s Gold Wrap.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
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
Peter Schiff: Hyperinflation Is the Most Probable Scenario
It’s Going to Be a Rush to Gold; The Dollar Is Cooked
With Heroes Like This, Who Needs Villains?
Extraordinary Federal Reserve Policy Began Over a Year Ago
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