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Another bad US economic indicator is becoming a focus for economic policy makers. Last month at the economic symposium at Jackson Hole, Janet Yellen said, “As a society, we should explore ways to raise productivity growth … improving our educational system and investing more in worker training.” Yellen is referring here to the production efficiency […]
Friday of last week brought in much weaker numbers than the Fed expected from the non-farm payroll report. That was the big bet Janet Yellen’s crew was going all-in for, but the jobs report wasn’t the only important figure hitting reverse, and definitely wasn’t the most important look at the overall health of the economy. […]
After the last week’s lackluster jobs numbers were reported, gold futures got a big jump, halting a weekly decline. After the Bureau of Labor reported only 151,000 jobs were added last month, investors sought a safe haven in the yellow metal while hopes of a September rate hike were all but squelched. The gold spike […]
It’s been a week since Janet Yellen’s talk at Jackson Hole. Learn more about the aftermath and what’s to come in this week’s edition of Fed Up Friday. New Job Numbers Bad News for Possible September Rate Hike Employment numbers for August came in this morning, and, at just 151,000 newly added workers, they’re lower […]
This article was submitted by Joel Bauman, SchiffGold Precious Metals Specialist. It seems at least once a week, a Fed official is coming out of the woodwork to suggest the “possibility” of a September rate hike. Right now, investors are nearly split over whether or not that is likely to happen. What’s really prompting this […]
Holding physical precious metals continues to be in high demand around the world. In fact, the need for physical gold is so high that Australian-based mining company, Resolute Mining, is offering to pay out investor dividends in the yellow metal. In an unprecedented move, the mining company’s new policy states that “shareholders with more than […]
After Janet Yellen’s speech at Jackson Hole last week, gold stocks sold off on the Chairwoman’s “hawkish” tone. It was once again an overreaction and misinterpretation of the Fed’s real impact on the economy. In his latest take on Yellen’s speech, Peter Schiff explains why the Fed’s “hawkish” talk is just a front to keep […]
A rally in gold prices happened on Friday after Janet Yellen’s hint at a potential US rate hike in September. During the economic symposium at Jackson Hole, Wyoming, the US Federal Reserve Chair said the case for raising interest rates was gaining strength amid strong economic numbers. Gold rallied $20 an ounce with the dollar […]
The Fed’s been looking for new friends this week, tuning out the haters and struggling to convince the public about potential rate hikes. Check out their follies below! Flip-Flopping Fed Gets No Credibility from Market A market that doesn’t care about the direction the Fed wants to take us can be a recipe for a firestorm. […]
No other economic concept has created as much confusion and in-fighting among economists as the idea of inflation. Along with its antithesis deflation, they have been the boon and bane of many monetary policy makers, detractors, and admirers for decades. But what does inflation really mean? How does it affect the average business owner or […]
