We saw a big rotation into risk assets after last week’s Federal Reserve meeting. Then we had another big shock to the markets when the non-farm payroll report came out much stronger than expected. In his podcast, Peter Schiff broke down the market reaction to last week’s events and reveals that while risk was on, economic understanding was off.
With the Federal Reserve delivering a smaller 25 basis point rate hike at its February meeting, there is a perception that the central bank is nearing victory in the inflation fight. But as Peter Schiff pointed out during his podcast, Jerome Powell made several statements that indicate he doesn’t really understand inflation. That raises a question. How can the Fed fight what it doesn’t understand?
Do you believe your eyes? Or do you believe your ears? That’s the dilemma you face as you try to make sense of the latest Federal Reserve meeting and Jerome Powell’s messaging. It’s also a question to ask yourself if you’re evaluating the performance of gold over the last year. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explores this dilemma in both contexts.
Most people believe the Federal Reserve stabilizes the economy and our money. In reality, the central bank incentivized debt and destroys wealth. Is there a way to sidestep the destructive forces of central banking and fiat money?
T.W. Thiltgen believes there is a freedom train we can escape on — gold.
Is the Federal Reserve easing off the accelerator on its inflation fight?
The answer depends on whether you believe your eyes or your ears.
Federal Reserve officials insist they can still shrink the balance sheet significantly more than they already have.
You can file this assertion under the same category as “inflation is transitory,” and “the problems in the subprime mortgage market are contained.”
In other words, Fed officials have detached from reality — again.
The mainstream is optimistic about both the economy and the Fed’s fight against inflation. In his podcast, Peter Schiff took apart the mainstream narrative, explaining that the economy is much weaker than most people realize and the Fed is nowhere near victory in the war on inflation.
With a debt ceiling debate now underway, a dumb idea has once again raised its ugly head – the trillion-dollar coin. This week on the Friday Gold Wrap podcast, host Mike Maharrey uses this so-called “solution” to the debt ceiling problem as an opportunity to teach some economics. In this episode, he also touches on the GDP data that came out yesterday.
Fight!
The kids are throwing punches in the halls of Congress and there doesn’t seem to be a responsible adult willing to step in to stop it.
We’re talking about the debt ceiling fight that kicked off last week when the US government bumped up against its statutory borrowing limit.
Policy wonks and government people come up with some really dumb ideas. And a lot of those dumb ideas just won’t go away.
Now that we’re in the early stages of the fake debt ceiling fight, a really dumb idea has been resurrected from the dead – the trillion-dollar coin.