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POSTED ON October 16, 2020  - POSTED IN Friday Gold Wrap

It’s been months since the US started to reopen after the government-imposed coronavirus shutdowns and yet hundreds of thousands of Americans continue to file for unemployment every week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a close look at the labor market and concludes that a lot of these jobs are never coming back. He also talks a little about the upcoming presidential election and makes a prediction about the outcome.

POSTED ON October 15, 2020  - POSTED IN Key Gold Headlines

When governments across the US forced businesses to close down in response to the coronavirus pandemic, everybody assumed the layoffs would be temporary. Despite the huge surge in unemployment, the expectation was people would quickly return to work once the crisis passed and the economy opened up again. But as the pandemic stretches into its eighth month, millions of Americans remain out of work and economists say many of those “temporary” job losses have become permanent.

POSTED ON October 2, 2020  - POSTED IN Friday Gold Wrap

The September labor market report comes out today, but it may not tell the whole story when it comes to jobs. On this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the long-term prospects for the labor market in the wake of coronavirus lockdowns. He also discusses recent price moves in gold and silver, and talks a little about future prospects for the dollar.

POSTED ON September 16, 2020  - POSTED IN Key Gold Headlines

Every week, analysts and pundits pour over the latest weekly jobs report looking for signs of life. Every month, we dive into the monthly unemployment numbers hoping they signal economic recovery. But these unemployment numbers don’t tell the whole story.

The government economic shutdowns in response to the coronavirus pandemic have deeply wounded the economy in ways that won’t immediately show up in the numbers. In fact, they could leave scars on the economy that don’t fade for years.

POSTED ON May 11, 2020  - POSTED IN Peter's Podcast

The US Labor Department released its April non-farm payroll report on Friday and it was as bleak as expected. As Peter Schiff put it, it was the weakest jobs report in the history of jobs reports. And even worse, a lot of these jobs are never coming back.

A record 20.5 million Americans lost their jobs last month and the unemployment rate surged to 14.7%. It was the largest and most sudden rise in joblessness since the government started tracking the numbers.

POSTED ON April 6, 2020  - POSTED IN Peter's Podcast

A lot of people still seem to think at some point, Donald Trump will flip a switch and the government will start humming again. As Peter Schiff explained in his podcast Friday that’s not going to happen. The best we can hope for is recovering from a depression to the recession we were going to have anyway.

POSTED ON January 24, 2020  - POSTED IN Friday Gold Wrap

While impeachment proceedings kicked off at home President Trump was in Davos, Switzerland, talking up the US economy. He called it the best economy in American history. Is it though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the economy, what’s really driving it, and why this might be a good time to think about gold.

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