Powell Fiddles While Inflation Burns - 1009

Powell Fiddles While Inflation Burns - 1009

Gold reaches record highs, silver follows. Market reactions, inflation concerns, Fed's policies, and economic predictions.


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Peter Schiff discusses the adverse day for inflation and the Federal Reserve but an excellent day for gold and gold stocks. Schiff critiques the Fed's premature halting of rate hikes, emphasizing how the latest CPI report exceeded expectations and its implications on future trends. He highlights the underreporting of these significant inflation figures by financial media and critiques Jerome Powell's stance on inflation during a House committee hearing. Additionally, Schiff underscores how the ongoing policies and political dynamics, including misplaced blame between parties, misrepresent the underlying economic issues. He also discusses the market reactions, including the stock and bond markets' movements, and delves deeper into the positive outlook for gold stocks, particularly with Barrick Gold's earnings exceeding expectations. Schiff concludes by encouraging investors to consider gold and gold stocks amidst the current economic trends.


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Chapters:

00:00 Inflation Woes and Federal Reserve's Missteps

02:44 Media's Downplay and Fed's Testimony

03:40 Analyzing the Inflation Data

09:17 Political Blame Game

13:14 Critique of Media and Political Polarization

17:42 Market Reactions and Predictions

23:08 Gold and Gold Stocks Performance

32:14 Market Optimism and Fund Performance

33:46 Gold Fund's Promising Future

34:13 Investment Advice and Risk Tolerance

37:30 Commodity Prices and Inflation Concerns

39:39 Tariffs and Economic Impact

42:35 Federal Reserve and Congressional Hearings

47:37 Debt Crisis and Economic Warnings

52:42 Gold Revaluation and Inflation

58:03 Final Investment Recommendations

59:38 Closing Remarks and Call to Action


#inflation #goldstocks #economicforecast



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Episoder(1115)

Fed Might Begin Thinking About Raising Rates at Some Point –  Ep. 56

Fed Might Begin Thinking About Raising Rates at Some Point – Ep. 56

* Janet Yellen's prepared remarks were the most dovish yet * If economy is improving, why do we still need "a high degree of accommodation?" * There is still room for "substantial improvement in the...

26 Feb 201530min

Hollywood Hypocrisy and Gender Pay Gap Fiction – Ep. 55

Hollywood Hypocrisy and Gender Pay Gap Fiction – Ep. 55

* Patricia Arquette claims that there is a still an unfair gender wage gap in the labor market * If that were true, all employers - male and female - would hire women first, because they are more cos...

24 Feb 201529min

Fed’s Open Mouth Operations Having Complications – Ep. 54

Fed’s Open Mouth Operations Having Complications – Ep. 54

* Two days of bad economic news this shortened week * The Fed still says the economy is recovering * Recent FOMC minutes maintains pretense they can raise interest rates * FOMC members are worried ...

19 Feb 201520min

Investor Confidence Sends Stock Indexes to New Highs – Ep. 53

Investor Confidence Sends Stock Indexes to New Highs – Ep. 53

* Friday 13th was not unlucky for Wall Street * S&P 500 traded to an all-time record high * The Dow closed above 18,000 * NASDAQ at almost a 15-year high * Despite overall trend of weak corporate ...

14 Feb 201521min

I’m Living in an Economic Twilight Zone – Ep. 52

I’m Living in an Economic Twilight Zone – Ep. 52

* China announces a record trade surplus * Media reports surplus as bad news for China * Because of the strength of the Yuan, Chinese can buy more imports for less * Chinese consumers purchasing mo...

10 Feb 201527min

Despite Slowing Economy, Job Growth Speeds Up – Ep. 51

Despite Slowing Economy, Job Growth Speeds Up – Ep. 51

* Monthly non-farm employment number beat expectations * Upward revisions to prior months * Average hourly earnings number jumped by .5 * Immediate reaction in the market was swift * Dollar up; go...

7 Feb 201519min

Are Forex Markets Finally Acknowledging the Slowing U.S. Economy?

Are Forex Markets Finally Acknowledging the Slowing U.S. Economy?

* Volatile day in the markets * Largest decline in Personal Spending since September 2009 * Wages and Salaries gain slowest in 7 months * December ISM Manufacturing Index down to 53.5 * December E...

4 Feb 201530min

A Dove in Hawk’s Clothing – Ep. 49

A Dove in Hawk’s Clothing – Ep. 49

* Fed's official statement released yesterday * Received by the market as hawkish, Fed is still reiterates "patience" * The statement noted unguarded optimism about the U.S. Economy * Fed ignored u...

29 Jan 201517min

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