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The bond market flashed a major recession warning sign as the yield curve inverted this week. Meanwhile, Trump whipsawed markets when he appeared to blink in the never-ending trade war with China. That made for an interesting week for gold. In this week’s Friday Gold Wrap podcast, host Mike Maharrey breaks down the events of […]
The yield on the 10-year Treasury fell below the yield on the 2-year for the first time in 12 years, stoking recession fears and tanking stock markets. Yield curve inversions have preceded all nine recessions since 1955. This was the first time the 10-year Treasury yield has dropped below the 2-year yield since June 2007 […]
The gold market took a one-two punch on Tuesday as Trump made some concessions in the trade war and inflation numbers came in a bit higher than expected. Peter Schiff talked about it in his latest podcast, saying gold traders still don’t understand the gold rally.
Ever since the beginning of the “Powell Pause,” Peter Schiff has been saying it won’t be enough. If the Fed doesn’t want to upset the markets, soon it will be forced to go back to QE and zero percent interest rates.” Peter isn’t alone in saying this. After the most recent FOMC meeting, Ryan McMaken […]
On Friday, the yield curve inverted, often a warning sign of an impending recession. Many mainstream pundits say we shouldn’t be concerned about the inversion and that the US economy is still healthy. They say there are other underlying reasons for the inverted yield curve. But there are plenty of other economic data points that […]
Peter Schiff has said a recession is a done deal. Since he made that comment, we’ve seen more and more signs of a looming economic downturn. On Friday, we got another. The yield curve inverted, historically a sign of a looming recession. The yield on 10-year Treasurys fell below the yield on 3-year bonds for […]
Not too long ago, Peter Schiff said, “The rate hikes of the past have already guaranteed that the economy is headed for recession. It doesn’t matter whether they continue to raise rates in the future. The recession is a done deal.” In a recent interview, economist and editor of the Gloom, Boom and Doom Report, […]
Even as the Federal Reserve and the financial news network pundits continue to dangle the prospect of a booming economy in front of us, we’re seeing more and more bad news that undermines this narrative and reveals the rotting foundation of the US economy. The wholesale inventory report that came out yesterday is the latest […]
During his keynote speech at the Vancouver Resource Investment Conference, Peter Schiff said we are at the beginning of the end. The Fed appears to have paused interest rate hikes in order to save the stock market. The markets have reacted positively and a lot of analysts seem to think we’re out of the wood. […]
Tocqueville Management Corp. chairman John Hathaway says the growing US government debt to GDP ratio poses “the most viable threat” to the US economy. In his fourth-quarter investment letter, Hathaway said the ballooning US debt, coupled with a bear market and a recession, will likely weaken the dollar and send gold much higher in the near future.
