Jerome Powell took center stage this week and the Federal Reserve chair didn’t do anything to dampen expectations of a rate cut. That sent both stocks and gold higher. The yellow metal pushed back above $1,400 after tanking in the wake of last Friday’s June jobs report and stocks swooned. Everybody seems to love Easy Street. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down what the Fed chair said and didn’t say. He also debunks the “there is no inflation” myth and highlights some other interesting news in the gold markets.
We talk a lot about bubbles in the economy.
Nick Giambruno simplifies things in an article he recently wrote for the International Man. He just calls it the “everything bubble.” And he says it will pop in the near future thanks to the Federal Reserve.
Imagine if you saw me walking down the street sporting a new pair. With a $750 to $2,500 price tag, you’d probably assume I came into some extra cash, right?
But maybe not.
I might have financed my new kicks.
Yes, ladies and gentlemen, some retailers are offering the option to finance high-end shoes. That’s great for the cash-strapped teen who wants to make sure he’s on the cutting edge of the fashion scene, but could it be inflating the next big bubble?