Over-Hyped Oct. Jobs Report Does Not Assure Dec. Rate Hike – Schiff Report

Over-Hyped Oct. Jobs Report Does Not Assure Dec. Rate Hike – Schiff Report


* Friday, November 6, 2015
* Earlier today the government released the Non-Farm Payroll Report for the month of October
* I was told that this was the most import Non-Farm Payroll report ever
* They were looking for 190,000 jobs and we created 271,000 jobs
* Everybody now has jumped to the conclusion that a December rate hike is a lock
* There is nothing in this jobs report that indicates that
* The reason everybody believes that the Fed is like to raise rates is because Janet Yellen testified before Congress earlier in the week
* This is what the Fed Chair said about interest rates:
* If we get further improvements in the labor market and we make progress at achieving the Fed's inflation goal of 2% in the medium term
* How much improvement and what kind? We don't know, because thus far, no improvements have been enough to prompt a rate hike
* Yellen said that if we got those improvements, then a rate hike in December would be a "live possibility"
* This does not mean it will actually happen - it means it is possible
* She did not even use the word probable
* I don't think the Fed is going to raise rates in December
* We have one more "most important" jobs report between now and December and this month's numbers may be revised down, as others have
* From my perspective, if the Fed does not know that they will raise rates by now, they will not decide on the spur of the moment after a jobs report
* Even with positive economic news, the Fed still does not have to raise rates; they can come up with another excuse, real or unreal
* What happens if the stock market declines after a rate hike? what would the Fed do then?
* "Extend and Pretend" is working like a charm for the Fed now
* Getting back to today's job's report:
* This is the strongest month of the year following the two weakest months of the year
* Both of those months arrived with expectations of upward revisions, and they did not happen
* The three month average is 187,000 jobs
* The last three months have been slower than any prior three month period this year
* Last year, the 3-month average was about 250,000+ jobs
* So the job market is much slower this year than it was last year when the Fed was looking for "more improvements" before raising rates
* The unemployment rate did decline, but so far no positive data on unemployment rates have prompted the Fed to raise rates
* The Labor Force Participation Rate stayed at 62.4% which matches the low of this so-called recovery
* So we are not seeing more people entering the labor force
* This is not a sudden accelleration in the pace of job growth
* Let's look at the quality of the jobs:
* Most of the jobs, about 200,000 of the 271,000 jobs added are low-paying service sector jobs
* In second place, at 45,000, is temporary help
* Third place, at 44,000, is retail trade
* The fourth largest category is leisure and hospitality
* Manufacturing, mining, logging, transportation sectors lost jobs
* Where it really gets bad is in the demographics:
* All job gains went to people 55 and older
* People under the age of 55 lost 35,000 jobs
* If you look at the gender, men from 25 - 54 lost 119,000 jobs
* What would explain this?
* Older people can no longer afford to be retired, and are supplementing their retirement incomes
* Some of the older people are taking better jobs because they are more experienced
* Why are more women getting jobs?
* Women who were previously homemakers also need to supplement their incomes
* When you look at the demographic numbers, it is further proof that the Fed's explanation of the labor force participation rate is wrong
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Gold and Silver Are Poised to Melt Up - Ep 985

Gold and Silver Are Poised to Melt Up - Ep 985

Gold rises, Fed policies, inflation, QE, Trump, Bitcoin, BRICS, debt.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldSign up for a $1/month trial period at https://shopify.com/goldPeter Schiff delves into recent economic developments and market trends, returning from the Orlando Money Show to share his insights. He discusses the significant rise in gold and silver prices, the unexpected increase in long-term bond yields following the Fed's rate cuts, and critiques of mainstream media narratives about the economy's strength. Schiff argues that underlying economic conditions are weaker than reported, leading to higher inflation and growing budget deficits. He touches on the sell-off in U.S. treasury bonds, the BRICS Summit's implications for the dollar, and the illusion of wealth created by inflation. Schiff analyzes Donald Trump's economic policies, including the potential for a 'Trump dump' on Bitcoin and the harms of new tax schemes and tariffs. He concludes by advocating for an honest default on debt to avoid hyperinflation, highlighting the need for realistic economic solutions to manage the impending crisis effectively.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiff01:03 Introduction and Market Update01:42 Gold and Silver Price Surge04:45 Impact of Fed Rate Cuts07:24 Economic Indicators and Job Market Analysis08:35 Inflation and Bond Market Dynamics10:39 Gold Market Trends and Predictions26:47 Trump's Influence on Markets33:16 Understanding Direct and Indirect Taxes33:53 Trump's Tariffs and the BRICS Summit34:39 Impact of Tariffs on the Dollar36:44 Global Shift Away from the Dollar43:30 Paul Tudor Jones on Inflation and Debt48:57 The Looming Debt Crisis57:48 Conclusion and Final Thoughts#GoldMarket #Inflation #EconomyPredictionOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

23 Loka 202456min

Investors and Gamblers Are Betting on Trump - Ep 984

Investors and Gamblers Are Betting on Trump - Ep 984

Stock and Bitcoin trends, Fed's influence on metal prices, policy impacts on economy, and tariff effects on manufacturing.For 20% off your Momentous order, head to https://livemomentous.com and use code GOLD.Get $20 credit by being one of the first 500 traders. https://kalshi.com/goldPeter provides a comprehensive analysis of the current economic and political landscape. Beginning with the record highs in the Dow Jones and the booming interest in Bitcoin, Peter attributes market optimism to Donald Trump's rising poll numbers and potential tax cuts. He critiques the Federal Reserve's rate cuts and their long-term implications on interest rates and the U.S. dollar. Peter dives into the disconnect between rising long-term interest rates and stable gold prices, and highlights the growing interest in Bitcoin among traders.He also scrutinizes Kamala Harris's faltering poll numbers and her economic proposals, arguing against government intervention in business funding and advocating for free-market solutions. Delving deeper, Peter discusses the negative impact of tariffs and the decline of American manufacturing, urging for deregulation and tax cuts. Concluding with a discussion on the hidden costs of tariffs, taxes, and government spending.Sign up for Peter's most valuable insights at https://schiffsovereign.comFree Reports & Market Updates: https://www.europac.comSchiff Gold News: https://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: https://facebook.com/peterschiffTimestamps:00:00 Introduction and Orlando Money Show Announcement01:51 Market Trends and New Highs02:42 The Trump Trade and Bitcoin09:38 Gold and Silver Market Analysis17:48 Oil Prices and Political Influence20:46 African American Vote and Political Strategies33:31 The Flawed Business Model33:52 Unconstitutional Programs and Racial Criteria36:34 The Problem with Government Funding38:44 Occupational Licensing Laws42:34 Tariffs and Economic Misconceptions45:58 The Decline of American Manufacturing51:12 The Real Impact of Tariffs53:58 The History and Consequences of Taxation57:32 Conclusion and Final ThoughtsOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

15 Loka 202454min

You Can’t Depend on Politically Crafted Government Data - Ep 983

You Can’t Depend on Politically Crafted Government Data - Ep 983

Critiquing job reports. Questioning the Fed. Scrutinizing data. Inflation methods. Political motives. State preparedness.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/goldLaughing Cats - GYB OFFICIAL MUSIC VIDEO: https://youtu.be/dSdTZ3judPs?feature=sharedSchiff critically examines the recent jobs report, labeling it as misleading and detailing the implications of government employment statistics. He questions the significance of the Federal Reserve's decisions on interest cuts, given what he considers unreliable government data. Schiff delves into the complexities of inflation reports, expressing skepticism on the methodologies for calculating inflation and unemployment. He also addresses the political motivations behind such statistics. Emphasizing Milton Friedman’s perspective, Schiff highlights government spending as the true measure of taxation and inflation. Additionally, he critiques the inefficiencies of FEMA and advocates for state-level emergency preparedness. Schiff touches on his wife's new music project and encourages support for her band, 'Laughing Cats.' The episode wraps up with Schiff’s comments on upcoming content and a holiday observance note.Sign up for Peter's most valuable insights at https://schiffsovereign.comFree Reports & Market Updates: https://www.europac.comSchiff Gold News: https://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

11 Loka 202457min

Government Hiring Spree Means Higher Taxes and Inflation - Ep 982

Government Hiring Spree Means Higher Taxes and Inflation - Ep 982

The September Jobs Report: A Deeper Dive into Government Hiring and Market ImplicationsCut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only. Get $20 credit by being one of the first 500 traders. https://kalshi.com/goldPeter unpacks the September jobs report, highlighting the surprising surge in government hiring amidst looming elections. He questions the authenticity and timing of these figures, suggesting political motivations behind the data boost for the Biden-Harris administration. Peter contrasts private versus government job creation, explaining the economic implications of these new roles funded by taxpayers. As he laments the service sector's dominance and the fading strength of manufacturing, he predicts post-election job revisions. Peter also advises against broad faith in market indicators and reiterates the urgency of investing in gold and silver stocks, casting a skeptical eye on Bitcoin's faltering performance compared to gold. Overall, he stands firm against superficial economic narratives, advocating for practical investment strategies informed by a realistic outlook.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiffTimestamps:00:42 Jobs Report and Political Implications04:18 Analyzing the Jobs Data09:57 Government vs. Private Sector Jobs14:53 Economic Consequences of Government Hiring25:08 Labor Market Developments and Automation32:51 Employer Liability and Automation34:22 Market Reactions and Fed Rate Cuts36:20 Oil Prices and Inflation Concerns37:51 Manufacturing Recession and Service Sector Strength45:49 Gold and Silver Market Dynamics52:59 Emerging Markets and Investment Opportunities54:23 Bitcoin's Bear Market Analysis57:28 Conclusion and Final Thoughts#jobsreport #governmentjobs #inflationOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

5 Loka 202455min

Government Stimulus Is Inflation in Disguise - Ep 981

Government Stimulus Is Inflation in Disguise - Ep 981

Gold reaches record highs, silver follows. Market reactions, inflation concerns, Fed's policies, and economic predictions Get an extra 3 months free. https://expressvpn.com/goldGet $20 credit by being one of the first 500 traders. https://kalshi.com/goldPeter discusses the new all-time records set by gold and silver, highlights the puzzling behavior of gold mining stocks, and criticizes the mainstream financial media's understanding of inflation and Federal Reserve policies. He elaborates on the significant data from the Fed's favorite inflation measure, the core PCE, revealing how it misrepresents the true state of inflation. Peter also explains why the Fed's strategy is misguided and suggests that persistent inflation will lead to an eventual return to QE. He ties in how geopolitical moves, like China's recent stimulus announcement, and domestic factors, including Saudi Arabia's oil production strategy, influence market dynamics. Furthermore, Peter argues for the importance of investing in gold and silver as he predicts a substantial increase in their value due to ongoing economic missteps by the Fed.Sign up for Peter's most valuable insights at https://schiffsovereign.comFree Reports & Market Updates: https://www.europac.comSchiff Gold News: https://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

28 Syys 202453min

Fed Caves With Aggressive Rate Cut - Ep 980

Fed Caves With Aggressive Rate Cut - Ep 980

FOMC Rate Cut Analysis: Fed's Decision, Market Reactions, and Economic RealitiesPeter Schiff analyzes the highly anticipated Federal Reserve rate cut following the two-day FOMC meeting, emphasizing its effects on the markets and broader economy. He critiques Jerome Powell's justification for the 50 basis points cut, the Fed's stance on inflation, and the true state of employment in the U.S. Schiff also discusses the contradictions in Trump's and Harris's economic promises, their implications for future fiscal policies, and the potential consequences for the U.S. dollar, interest rates, and the overall economy. He highlights the ongoing issues with the national debt and the risks of price controls. Additionally, Schiff advises on investment strategies, including gold, silver, and international equities, amid the anticipated economic downturn.Download the CFO’s Guide to AI and Machine Learning at https://netsuite.com/gold🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiff01:39 Market Reactions and Predictions02:36 Inflation and Price Controls Discussion05:11 Trump's Economic Policies and Price Controls08:53 Interest Rates and Economic Indicators16:37 Fed's Rate Cut and Market Impact28:19 Questioning the Strength of the Economy29:01 The Fed's Balance Sheet Dilemma30:01 Historical Perspective on Interest Rates33:33 The Recession and Rising Interest Rates38:27 Trump's Economic Promises and Criticisms47:13 Preparing for the Economic Collapse51:09 Investment Strategies for the Future53:09 Conclusion and Final Thoughts#FOMCMeeting #InterestRates #EconomicOutlookOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

19 Syys 202453min

Gold Soars as The Fed Readies Rate Cuts - Ep 979

Gold Soars as The Fed Readies Rate Cuts - Ep 979

Market Analysis, Gold Surge, and Personal AnnouncementPeter Schiff discusses the stock markets' performance on Friday the 13th, noting that while major indexes ended on a positive note, the only asset to hit a new all-time high was gold. He interrupts the usual podcast to announce his wife Lauren's new music duo, 'The Laughing Cats,' and their debut album, 'Funny Money,' highlighting the first single 'G.Y.B.' now available on Spotify. Peter then resumes, detailing gold's significant rise to new record highs and contrasting it with the stock market's performance in terms of gold pricing. He also critiques the U.S. budget deficit, discusses potential economic impacts of the Federal Reserve's anticipated rate cut, and assesses the presidential debates, focusing on issues of tariffs and tax cuts. Peter emphasizes the investment potential of gold and gold stocks amidst the current economic landscape.Sign up for a $1/month trial period at https://shopify.com/gold 🎶 New single from Laughing Cats out today: https://open.spotify.com/artist/2f3z6IPGfomCl9FsJeyb8d?si=9morm92NRdikGW3hbt0iPA🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiff00:25 Stock Market and Gold Performance00:46 Announcement: The Laughing Cats' New Album04:48 Gold's Record Highs and Market Analysis17:25 Bitcoin and Oil Market Insights22:46 Inflation and Federal Reserve Rate Cuts26:22 CPI and PPI Data Analysis32:56 Wall Street's Call for Rate Cuts33:27 Record-Breaking Budget Deficit36:07 Economic Weakness and Job Statistics37:26 Presidential Debate Analysis43:32 Tax Cut Promises and Economic Realities48:23 Tariffs and Their Impact54:43 The Illusion of Tax Cuts01:00:20 Conclusion and Investment Advice#goldprice #investmenttips #stockmarketanalysisOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

14 Syys 20241h

Financial Markets Back on the Brink of Collapse - Ep 978

Financial Markets Back on the Brink of Collapse - Ep 978

Market Turmoil & Economic Uncertainty: A Deep Dive into Non-Farm Payroll Report and Fed PoliciesIn this episode, we explore today's weaker-than-expected non-farm payroll report and its impact on the markets. Despite a brief improvement in stock indices following rate cut expectations, concerns loom as markets question whether a 25 or 50 basis point rate cut is forthcoming. The podcast dissects the current state of the labor market, the potential Fed actions, and the implications for tech stocks, gold stocks, cryptocurrencies, and overall market dynamics. We also delve into the historical context, drawing parallels to the financial crisis of 2008 and discussing the looming recession and inflation threats.Download the CFO’s Guide to AI and Machine Learning at NetSuite.com/GOLD🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiff#stockmarket #inflation #cryptocurrencyOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

7 Syys 20241h 1min

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