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Earlier this week, the yield on the 30-year Treasury rose above 3% for the first time since April 2019 as the carnage in the bond market continues. Rising yields have put pressure on gold. The yellow metal flirted with $2,000 an ounce but has since fallen below the $1,950 resistance. Once again, investors are fixated […]
Bonds continued to get hammered. On Tuesday morning, the yield on the 10-year Treasury rose above 2.9%, and the yield on the 30-year is knocking on the door of 3%. Since bond yields rise as bond prices fall, this indicates a serious decline in the bond market. In his podcast, Peter Schiff said that at […]
There was a little March Madness on Wall Street. In fact, the month turned into an old-fashioned blood bath. But you wouldn’t have found any carnage in the stock market. In fact, the Dow Jones gained a decent 2.3% on the month. But beneath that glittery stock market stage (that attracts the most investor attention) there […]
Earlier this week, Lael Brainard said the Federal Reserve will run off its balance sheet at a considerably more rapid pace than it did last time around. SchiffGold Friday Gold Wrap host Mike Maharrey thinks Brainard and the rest of the Fed officials suffer from delusions of grandeur if they think they can really pull […]
Federal Reserve Governor Lael Brainard sounded a hawkish tone on Tuesday, promising to ramp up the inflation fight. As Peter Schiff put it in his podcast, the uber-dove started talking like a super-hawk. But the Fed members aren’t really going to be able to follow through on this inflation fight. In reality, they aren’t hawks. […]
When you change the definition of words, it can create confusion. This is exactly why politicians have worked so hard to change the definition of inflation. As a result, a lot of people are very confused. In this Friday Gold Wrap podcast, host Mike Maharrey explains how the meaning of inflation has changed and why […]
Is the US about to go the way of Japan? The Japanese yen tanked after the Bank of Japan vowed to buy an unlimited number of Japanese government bonds in order to hold the 10-year yield under its 0.25% target.
We’ve seen a number of inversions in the Treasury bond yield curve over the last couple of weeks. This is a recession warning signal. In his podcast, Peter Schiff said the markets are right about the looming recession. But they’re not getting the whole picture.
The Fed FOMC minutes came out last week, signaling tighter monetary policy. Peter Schiff talked about the minutes in his podcast, arguing that the Fed can’t do what it says it’s going to do. If it does, it will crash the markets and the economy. And it won’t lower inflation.
The Federal Reserve pulled off a magnificent manipulation of the junk bond market, facilitated a massive wealth transfer from savers to speculators, pocketed millions of dollars, and then washed its hands of the matter. In March 2020, as governments shut down the economy for coronavirus, the Fed slashed interest rates and launched a massive quantitative […]
