Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)
POSTED ON February 16, 2023  - POSTED IN Key Gold Headlines

Retail sales came in much stronger than expected in January after declining the previous two months. Mainstream financial media pundits immediately declared that this “jump in consumer spending” was a good sign for the economy. The Wall Street Journal called the robust sales report “evidence that US economic growth picked up at the start of the year.”

But there is a dark side to this retail sales report.

POSTED ON August 18, 2022  - POSTED IN Original Analysis

The mainstream has suddenly discovered price movements impact retail sales.

For months, retail sales generally came in higher than expected. And for months the mainstream financial punditry ignored inflation and told us this signaled a strong economy. But in July, retail sales unexpectedly fell flat. Now the mainstream financial punditry claims this signals a strong economy.

POSTED ON May 24, 2022  - POSTED IN Peter's Podcast

Federal Reserve Chairman Jerome Powell insists the central bank can fight inflation because the economy is strong. President Joe Biden keeps telling us the economy is strong. The talking heads on CNBC insist the underlying economy is strong. In a recent podcast, Peter Schiff talked about the economy. As it turns out, it’s not so strong.

POSTED ON May 20, 2022  - POSTED IN Friday Gold Wrap

There is a lot of spin out there when it comes to economic news. You get spin from the corporate media, You get spin from government officials. And you get spin from central bankers. In this episode of the Friday Gold Wrap, host Mike Maharrey spins the spin, breaking down the media take on the retail sales numbers and Jerome Powell’s spin during a talk this week. Whom should we believe? Listen and decide.

Call Now