Fed Casts Extras In Its Rate Hike Show

Fed Casts Extras In Its Rate Hike Show


* The Dow just finished its worst month in over 4 years
* A lot has happened in the market since I recorded my last podcast
* When I recorded that podcast, I had anticipated a "Turnaround Tuesday" where the market would gap up, but then sell off by the close
* That is exactly what happened
* Then the Dow had its biggest 3-day rally in history
* Still that record-setting rise was not enough to repair the damage done that was done earlier
* The Dow had its biggest down month in over 4 years
* Still in official correction territory
* Adding woes to the stock market are Fed comments that September rate hikes are not off the table
* This will continue to add pressure on the markets
* If this week's Non-Farm Payroll number is positive, it could be very dangerous for the Dow Jones
* Technically, the market is very vulnerable, and without the Fed's support there is little to stop the correction from progressing into a bear market
* All of the big money is starting to sell stocks because they believe the Fed may raise rates
* The market will keep falling until the Fed cries, "Uncle!"
* Once the Fed comes to the rescue, big money will start buying again
* The Fed is still ignoring negative economic data, such as today's August Dallas Fed Manufacturing Survey which came in at -15.8
* There is probably not going to be much change in the unemployment number, no matter how weak the economy is
* Walmart is now cutting back on hours because they increased wages earlier
* As long as the Fed is continuing to bluff that rate hikes are on the table for September or October, this market will be under a lot of pressure
* If we close below the lows of last Monday, it is going to get ugly really fast
* The Fed doesn't want the market to connect the dots directly from monetary policy to market performance
* That would illustrate how unsustainable its policies really are
* I compared the Fed's tactics to trying to yank the table out from under the tablecloth, rather than the tablecloth out from under the dishes
* The Fed was basing the whole recovery on lifting the asset markets
* As soon as the Fed stops lifting, the recovery goes away
* One of the interesting things today was the reversal in oil prices
* One of the few times oil prices rose, and the stock market didn't
* Over the last 3 three days, we've had better than a $10 increase in the price of oil
* Oil needs to go up quite a bit more before we can say a bottom is in
* An end to rate hike rhetoric will knock the support out from under the dollar and that the strong dollar is undermining global demand for crude oil
* I was in Jackson Hole during The Federal Reserve's Annual Economic Policy Symposium to participate in the American Principles Project Economic Summit, which was a protest against Fed policy
* Concurrent to our conference another organization called, "Fed Up", sponsored by the AFLCIO and Black Lives Matter
* Working class protesters carried signs encouraging the Fed to keep interest rates down and target higher inflation
* How is that going to help these working-class "protestors"?
* These participants probably had very little knowledge of the Fed or monetary policy
* The American Principles Project Economic Summit was denied access to the resort where the Fed Summit met because for security reasons, citing that other group was allowed to meet in that venue
* "Fed Up", however, was allowed to meet in the same venue as the Federal Reserve
* I think "Fed Up" conference was staged. They conveniently provided a backdrop of signs encouraging more of the Fed's existing monetary policy
* The protest I participated in was sharply critical of the Fed's monetary policy, Our 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.com Privacy & Opt-Out: https://redcircle.com/privacy

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SchiffRadio Podcast Episode 9

SchiffRadio Podcast Episode 9

Episode 9 Synopsis * Deflation Spin Cycle: Peter debunks recent articles "redefining" deflation. * QE Infinity: Brandeis economics professor predicts the Fed doesn't need an exit strategy. Our 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.com Privacy & Opt-Out: https://redcircle.com/privacy

29 Okt 201421min

SchiffRadio Podcast Episode 8

SchiffRadio Podcast Episode 8

This week, we're releasing a series of podcasts to get current information out on a more basis. We appreciate your feedback on this new format. Episode 8 Segment 1: * Contrary to GDP number, consumers are still struggling. Our 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.com Privacy & Opt-Out: https://redcircle.com/privacy

28 Okt 201413min

SchiffRadio Podcast Episode 7

SchiffRadio Podcast Episode 7

Episode 7 Synopsis * More deflation/inflation propaganda * The Fed prefers inflation because at least they know how to fight it * Money printing in Venezuela* Bloomberg warns Yellen not to follow Sweden's example * Obamacare premiums going up after the election* Mark Cuban's plan to limit student loans * Wells Fargo employee demands $10,000 raise for himself and other employees * British Minister under fire for suggesting intellectually disabled should be able to work for less than minimum wage * News about QE4 * Yellen ironically speaks up on wealth inequality Our 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.com Privacy & Opt-Out: https://redcircle.com/privacy

21 Okt 20142h 12min

SchiffRadio Podcast Episode 6

SchiffRadio Podcast Episode 6

Episode 6 Synopsis * Big downside moves in global equity markets * U.S. stock market trends * Gold moves upward * U.S. Dollar weakness * A detailed analysis of this month's FOMC minutes * Share buybacks and other artificial boots to the stock market * More Obamacare blowbacks against the job market and employee healthcare * The straight story on misleading reports on the economy * How California labor law put a vineyard out of business * Interview with Paypal co-founder Peter Thiel in his new book Our 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.com Privacy & Opt-Out: https://redcircle.com/privacy

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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 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

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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 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 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

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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 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

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