Currency Traders Still Buying Rate Hike Rhetoric – Ep. 85

Currency Traders Still Buying Rate Hike Rhetoric – Ep. 85


* The U.S. dollar started out this morning on the defensive
* Government released CPI numbers generated a sharp reversal across the board
* Gold sold off, but closed slightly down against the dollar
* April CPI up just .1% on the month; year over year prices dropped -.2%
* Lowest CPI since October 2009
* Core CPI (excludes food & energy) rose .3%
* Biggest monthly jump since March 2006
* News sent dollar up on anticipation that rate hike will be more likely
* Inflation benchmark is just as real as the 6-1/2% unemployment goal
* Traders still haven't figured out that if we ever approach the goal, it will be moved
* Biggest factor within the .3% rise in the Core was +.7% in health care costs
* Biggest increase since January 2007 - prior to Obamacare
* Rising costs will slow consumer spending, weakening the economy and undermining employment
* Yellen in a press conference today did not actually project a rate hike
* It's all about extend and pretend; actually postponing the rate hike will buy the Fed some time before launching QE4
* Increased inflation as the economy cools down means stagflation
* The media is spinning increased inflation as good news
* Bad economic news released yesterday:
* Unemployment numbers came out higher
* Fewer hires mean fewer fires
* Chicago Fed National Activities Index came in at -.15
* Three month moving average down to -.23
* MAY PMI expected to rise to 54.6 unexpectedly declined to 53.8 - lowest lever in 16 months
* Bloomberg Consumer Comfort Index continued to slide from 43.5 to 42.4
* May Philadelphia Fed looked for a bounce back to 8; missed expectations with 6.7
* Missed expectations 5 out of the last 6 months
* Existing Home Sales expected improvement over March; dropped to 5.04 million
* Kansas City Federal Reserve Manufacturing Index missed expectations at -13; dropping for 5 consecutive months
* Economic data as bad as 2009 and inflation is getting worse
* Janet Yellen acknowledged underlying issues with unemployment number, mentioned discouraged and part-time workers
* Labor Force Participation Rate is not improving
* Low-skilled jobs in jeopardy with minimum wage hikes
* $15/hr fever will further hurts employment and erodes the tax base
* Higher minimum wage will transform workforce because employers will hire better workers for the higher wages
* Movement will substitute technology for labor costs
* Minimum wage hikes will undermine the economic recovery that Janet Yellen pretends is existing
* So she can continue to pretend that the Fed's monetary policy is working
* And she can pretend that they can actually raise interest rates
* In the unlikely event Yellen tests a rate hike, they will have to acknowledge that they were wrong
* The Fed can always blame the data for deciding not to raise rates and therefore save face
Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

Episoder(1086)

SchiffRadio Podcast Episode 5

SchiffRadio Podcast Episode 5

Episode 5 Synopsis: * Debunking Ned Davis' predictions on gold * Chicago Fed president Charles Evans hints that the Fed can't raise interest rates * Alan Greenspan gives Fed a pass on CNBC * Brokerage houses hit by FINRA arbritation results * Eurozone low inflation 'scare' * Collapse in Fannie and Freddie stock * The numbers behind the weekly economic data Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

6 Okt 20142h 24min

SchiffRadio Podcast Episode 4

SchiffRadio Podcast Episode 4

Episode 4 Synopsis * Launch of the iPhone 6 * Surprising employment arbitration results * Housing market rolls over * Hotel minimum wage * World Bank head claims that QE works Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

28 Sep 20142h 23min

SchiffRadio Podcast Episode 3

SchiffRadio Podcast Episode 3

SchiffRadio Podcast Episode 3 Synopsis: * FOMC: Janet Yellen's official statement and her response to her Q&A, later in the day * Market reaction to Yellen's statement, and the "walk" vs the "talk". * The Ali Baba IPO * The breakdown in the price of Bitcoin * My crazy email exchange with CNBC's Joe Kernen * Scotland votes to remain in the UK Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

21 Sep 20142h 4min

SchiffRadio Podcast Episode 2

SchiffRadio Podcast Episode 2

SchiffRadio Podcast Episode 2 Synopsis * Economic Data - More weak data * Purchase applications index declined by 7.2% - biggest decline in 14 years * Treasury yields slightly up for the week * Retail sales up - Buying more or paying more? * auto purchases with cheap money * inflation not taken into account * Auto loans increasingly delinquent * Fed Policy * I'll admit to being wrong if the Fed raises interest rates back to normal and shrinks its balance sheet back to normal, as promised, and does not produce a financial crisis. * Interest Rates * Negative Interest Rates in Japan and in Switzerland * Inflation * Paul Krugman says we should be at 4% inflation and a minimum wage of $10.10 * Commentary on Henry Blodgett's inflation comments * Column from David K. Johnson on how corporations are getting rich by paying taxes * Employment * Jobless claims up, indicating a trend change * The Economy * Recognizing bubbles ahead of the crisis * Europe - Poll on Scottish independence * Social Issues: * The NBA in the hot seat for racism * Over-reaction to the Ray Rice story Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

15 Sep 20142h 3min

Schiff Radio Podcast Episode 1

Schiff Radio Podcast Episode 1

Schiff Radio Podcast Episode 1  Synopsis: * Wall Street foolishly dismisses August's horrible Jobs Report * ECB cuts rates in misguided push for higher inflation. * "Shrink-flation," what is it and why those using the term still don't get it. * Implications of Switzerland's coming gold reserve vote . * Protesting Fast food workers determined to put themselves out of work. * Does Alibaba's biggest IPO in history shows portent more interest in foreign stocks? * Countrywide's Anthony Mozilo is not the real villain. * NY Fed concedes 25% of college grads wasted their time and money. Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

9 Sep 20141h 52min

Schiff Radio – January 1, 2014

Schiff Radio – January 1, 2014

Happy Holidays!, Due to the holidays, Peter Schiff Show is airing best-of broadcasts. Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

2 Jan 201449min

Populært innen Business og økonomi

stopp-verden
e24-podden
rss-penger-polser-og-politikk
dine-penger-pengeradet
lydartikler-fra-aftenposten
rss-borsmorgen-okonominyhetene
rss-vass-knepp-show
utbytte
pengepodden-2
finansredaksjonen
tid-er-penger-en-podcast-med-peter-warren
livet-pa-veien-med-jan-erik-larssen
morgenkaffen-med-finansavisen
stormkast-med-valebrokk-stordalen
okonomiamatorene
rss-markedspuls-2
lederpodden
rss-sunn-okonomi
rss-fa-makro
rss-fri-kontantstrom