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The latest S&P Global Flash US PMI Composite Output Index for March signaled a mixed economic outlook, rising to 53.5 from February’s 51.6. Stronger performance in services gave optimism, as the Flash US Services PMI Business Activity Index surged notably to 54.3, up from the prior month’s 51.0. However, manufacturing painted a different, troubling picture: […]
President Trump continues to make waves with tariffs, with each announcement sending the market into a frenzy. Whether said tariffs will make economic life better is doubtful, but one thing is certain. It is foolish to entrust the power to levy such taxes to one man.
The presidential election is on November 5th, and radical economic promises abound. The very next day, the Fed will meet to decide on more interest rate cuts. Gold and silver are holding all-time highs. With all these factors and more, after Halloween, we will see just how spooky things can get for the US economy.
“No” is Boeing’s final word to union workers, who say they plan to remain off work for the “long haul” after the company walked away from the negotiating table.
In this week’s Friday Gold Wrap Podcast, JD and Joel discuss why gold is down today, why the Fed could replay 2008, and other market and precious metals news.
Recent data have many cheerful about the economy. But according to Peter in his latest podcast, the economy may already be in recession. Here are some of Peter’s biggest causes for concern:
In this week’s Friday Gold Wrap Podcast, JD and Joel discuss why gold is down this week, soaring tech stocks and plummeting gold stocks, and other market and precious metals news.
The president touted a manufacturing renaissance. However, economic indices show US manufacturing entering a Dark Age. Home sales are not looking bright, either.
The markets still seem to believe the Federal Reserve can ratchet price inflation back down to 2% while bringing the economy to a relatively soft landing. In his podcast, Peter Schiff throws cold water on this hopeful narrative. He goes through the economic data that came out last week shows that all roads appear to […]
A lot of mainstream pundits concede that the US economy is heading for a recession as the Federal Reserve continues to crank up interest rates in its inflation fight. But as Peter Schiff explained in a recent podcast, there is plenty of data that indicates the economy is already in a recession.
Americans consume goods other people produce. As America offshored its manufacturing, it promised to supply the world with high-priced services and technology in exchange. But as it turns out, that promise never materialized. The ballooning overall trade deficit bears this out. It leaped to another record high in March, surging 5.6% month-on-month to a new […]
