Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26

Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26

Despite Higher GDP, U.S. Economic Data Continues to Disappoint: Episode 26
Missing expectations on all economic indicators

* Chicago Fed index .14
* PMI flash services 56.3
* Dallas Fed Manufacturing 10.5
* Case Shiller Index slows down to 4.9%
* Consumer Confidence number down to 88.7M
* Oil prices continue to fall
* Big drop in Richmond Fed 75% below estimate
* Optimism fueled by debt, consumption and bubbles

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Episoder(1120)

Markets, Economy, Republican Debates – Ep. 117

Markets, Economy, Republican Debates – Ep. 117

* When I recorded my last video blog, I mentioned how positively the market reacted to jobs report, which could signal the Fed to raise rates * I said there might be a delayed reaction and, in fact i...

13 Nov 201535min

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 * The...

7 Nov 201523min

The Great Rate Hike Hoax – Ep. 116

The Great Rate Hike Hoax – Ep. 116

* Here we go again; Janet Yellen was on Capitol Hill testifying about the banking system * Forget about all her comments about how solvent the banking industry is - of course it's not * The banking ...

5 Nov 201527min

Fed Continues To Extend And Pretend On Rate Hikes – Ep.115

Fed Continues To Extend And Pretend On Rate Hikes – Ep.115

* I am recording this podcast from New Orleans, where I am attending the Investment Conference * Today, I am going to talk predominantly is the FOMC statement that came out yesterday following the co...

29 Okt 201527min

ECB Opens The Door To More QE – Ep.114

ECB Opens The Door To More QE – Ep.114

* This is the first podcast I've been able to record since the death of my father, Irwin Schiff, who passed away on Friday * If you're interested in learning more about him and the circumstances surr...

22 Okt 201525min

Walmart Is The Canary In The Retail Coal Mine –  Ep.113

Walmart Is The Canary In The Retail Coal Mine – Ep.113

* We finally got some economic news today, all of it bad * All of it "unexpected"... * Hope springs eternal on Wall Street * That's why the Federal Reserve can maintain its forecast of an interest ...

15 Okt 201524min

Fed Worried Cost of Living Not Rising Fast Enough – Ep. 112

Fed Worried Cost of Living Not Rising Fast Enough – Ep. 112

* The Dow Jones finished up almost 140 points - back over 17000 * The Dow has now rallied 1,000 points since its lows on Friday following the lower than expected Non-Farm Payroll number * The market...

9 Okt 201524min

Video Blog: September Jobs Report Confirms Weakening Labor Market

Video Blog: September Jobs Report Confirms Weakening Labor Market

* It is the first Friday of the month, and that means that this morning we got the September Non-Farm Payroll number * Anyone who has listened to my podcasts and video blogs knows that for months I h...

3 Okt 201529min

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