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POSTED ON July 20, 2020  - POSTED IN Key Gold Headlines

The Federal Reserve’s monetary Hail Mary is blowing up bubbles throughout the economy. Peter Schiff has been talking about this for months, but the phenomenon has been mostly ignored by the financial media. The Fed’s monetary stimulus is almost universally spun as prudent and necessary. But last week, the mainstream media suddenly spotted the bubbles. Reuters declared, “Federal Reserve’s $3 trillion virus rescue inflates market bubbles.”

POSTED ON May 27, 2020  - POSTED IN Key Gold Headlines

There seems to be mounting optimism that the US economy will rebound relatively quickly as states begin opening up and there is progress toward a coronavirus vaccine. But the optimism ignores deep problems in the US economy that existed before the pandemic  – chief among them staggering levels of debt and the proliferation of zombie companies.

In the last couple of years, corporate debt has blown through the roof. So much so that the Federal Reserve issued warnings about the increasing levels of corporate indebtedness late last year.

POSTED ON February 4, 2020  - POSTED IN Key Gold Headlines

Corporate debt has blown through the roof over the last several years. So much so that the Federal Reserve has issued warnings about the increasing levels of corporate indebtedness.

Borrowing by businesses is historically high relative to gross domestic product (GDP), with the most rapid increases in debt concentrated among the riskiest firms amid weak credit standards.”

But as Brandon Smith of alt-market.com noted in an article published at LewRockwell.com, this is a subject the mainstream media “seems specifically determined to avoid discussing these days when it comes to the economy.

POSTED ON January 2, 2020  - POSTED IN Key Gold Headlines

Reuters has dubbed the 2010s the “decade of debt.”

The Reuters report focused on the ballooning levels of corporate debt, but consumer and government indebtedness has skyrocketed over the last 10 years as well. This massive debt bubble poses a significant systemic risk to the financial system and the economy. Some in the mainstream are starting to hint at this, but they still don’t seem to recognize the magnitude of the problem.

POSTED ON December 26, 2019  - POSTED IN Key Gold Headlines

The Federal Reserve is worried about corporate debt, which is ironic given that Fed policies made the corporate debt problem possible.

The Fed’s latest Financial Stability Report issued in November laments the pileup of business debt.

Borrowing by businesses is historically high relative to gross domestic product (GDP), with the most rapid increases in debt concentrated among the riskiest firms amid weak credit standards.”

POSTED ON October 25, 2019  - POSTED IN Friday Gold Wrap

We’ve talked a lot about government debt and consumer debt. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey highlights the massive corporate debt bubble. As he explains, it’s eerily similar to the mortgage debt bubble the blew up in the years prior to the 2008 crash. It’s a little like deja vu all over again. He also covers another round of gloomy economic data that came out this week.

POSTED ON October 18, 2019  - POSTED IN Friday Gold Wrap

News of a possible “phase 1 trade deal” and movement toward a resolution of the Brexit fiasco have buoyed stocks and put a lid on silver and gold this week. But positive vibes on these two fronts overshadowed a lot of economic data that came out this week that was less than ideal. It seems the American consumer might be getting close to being maxed out. In this episode of the SchiffGold Friday Gold Wrap podcast, host Mike Maharrey digs into a big pile of debt and more.

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