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Economist Jim Rickards appeared on CNBC’s “Squawk Box” outlining his 2017 predictions for rate hikes, Trump stimulus, and the coming US recession. Rickards believes the markets are unwittingly pricing in a stimulus plan that will never materialize. “Trump wants to cut taxes. Steve Bannon is talking to his advisors about a trillion dollars of infrastructure […]
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The World Gold Council, a leading market development organization, released a study on global gold markets showing the retail investment market is “well positioned” for future growth. The study looked into four major markets: China, India, Germany, and the US and found healthy latent demand within every market. It also identified some interesting purchasing distinctions […]
According to a recent Financial Times survey, a majority of top economists predict the Fed won’t be as aggressive on raising interest rates as it suggests. After last week’s rate hike announcement, the Fed’s own dot plot showed it had planned for three federal funds increases for 2017, according to MarketWatch. However, the majority of […]
Peter Schiff recently appeared on RT News and laid out how he sees gold prices and the US economy moving into 2017. Inflation vs. interest rates, the stock market bubble, and downturns in mortgage/auto financial markets were a few of the topics Peter provided insights and predictions about. He also dispelled four economic myths surrounding […]
In her rate hike announcement last week, Janet Yellen said the Fed was so confident in the health of the US economy that it was raising the Federal Funds rate by a paltry quarter point. Investors are on board, with a wave of irrational exuberance sending the Dow closer to its 20,000-point milestone. However, the […]
Unsurprisingly, the Fed decided to raise rates this week to a range between 0.5 -0.75%. Janet Yellen cited dropping unemployment as one of the primary reasons the FOMC green lit an increase. However, an economy so dependent on cheap money for so long may find it difficult going through the withdrawals of higher rates, especially […]
As many expected, the Federal Reserve raised the benchmark interest rate to a range of 0.5% – 0.7%. During Janet Yellen’s announcement, she said rising employment rates among other measures have led to “considerable progress” for the economy, adding she and her FOMC colleagues expected the economy to “continue to perform well.” In response to […]
Competition among some major exchange groups is beginning around the London gold market, one of the world’s largest gold exchanges. The overall market is worth around $5 trillion and is expected to be hotly contested over the next 5 years as groups like CME Group Inc., Intercontinental Exchange Inc., and the London Metal Exchange fight […]
Peter Schiff’s recent podcast addresses the mistaken comparisons of Trump’s proposed economic stimulus plans to Reagan’s. Investors are looking for Trump to deliver the same results of economic stimulus, deregulation and smaller government are misreading the differences between the early 80s, post-Carter economy, and today’s realities. “There really isn’t any precedent between now and the […]
