Markets Ignore Fed’s Bullard One And Done Admission – Ep. 205

Markets Ignore Fed’s Bullard One And Done Admission – Ep. 205


* The odds of a December rate hike continue to ratchet up above 70%
* We had a parade of Fed officials, most recently again today coming out and talking about why a December rate hike is a good idea, probable, possible, appropriate
* You name the adjective, some Federal Reserve president, governor is discussing it
* The markets are ratcheting up their expecations
* The dollar index continues to move higher, we hit about a 9-month high today
* We got above 99; but we didn't close there, in fact the dollar index managed to close down a notch
* Interestingly enough, gold had a pretty strong day today, we had about I think we're at $12.73
* Even to the extent the FOREX traders are worried about a December rate hike, the gold traders don't seem to care about how a rate hike might impact the price of gold
* This says either the gold traders don't believe that a December rate hike is coming, or they've correctly concluded that even if the Fed does raise interest rates in December, it's no big deal
* It's too little too late to be a negative for the gold market
* The Fed is going to deliver far less than it promised when it comes to rate hikes
* In fact the most interesting comment from a Fed official came last week from St. Louis Fed President James Bullard
* He said that the Federal Reserve only needs to nudge interest rates up by 25 basis points
* Right now, the official rate of Fed funds is between .25 and .50
* It used to be between 0 and 25
* I think where we actually are right now is 38 basis points
* So if we moved up 25, at least these are the numbers Bullard is throwing out, we'd move up to 63 basis points for the Fed Funds Rate
* Which is just barely above a half point
* He says that's all we need to do is nudge it up to 63 basis points, and that's it - we're done
* He said, "We need to do it in December, but then that's it, interest rates are going to stay really low for years."
* He's talking 2 or 3 years or maybe even more of ultra low interest rates, despite whatever is happening in employment, and inflation
* This is all we need
* Nudging up by a quarter basis point and we're done
* I was surprised, to be honest, that we didn't get more of a reaction to this admission by Bullard that the next hike, if it comes in December is the end of it
* If that's it and then we're on hold for years
* Sometime, during that period of time, we're going to find ourselves back in recession
* Even if we're not in recession now
* Even if this so-called recovery is in its twilight
* Remember this is the 3rd longest recovery of the post-war era and it is the weakest recovery - ever
* And, of course, it has the most stimulus
* So despite having the most stimulus, it's the weakest
* Clearly, it's going to run out of steam
* So if the Fed does in fact raise rates ever so slightly in December and then say:
* "That's it for now, we're just going to wait"
* What's going to happen is, we'll be back in recession
* If Hillary Clinton becomes the next president, and it's looking more and more likely that that nightmare will become a reality
* If she is, she will try to stimulate the economy
* Look what happened with George Bush
* When George Bush was initially elected the first time, he inherited the bursting of the dot com bubble
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Gold Breaks $2,500. Harris Would Send it to the Moon - Ep 975

Gold Breaks $2,500. Harris Would Send it to the Moon - Ep 975

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Inflation Data Supports Rate Hikes, Not Rate Cuts - Ep 974

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Bank of Japan Rescues the Markets... For Now - Ep 973

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Peter returns to his Puerto Rico studio after an extended vacation. He discusses recent market volatility, including movements in stocks, Japan’s market crash, and cryptocurrency fluctuations. Peter critiques the Fed's decision not to cut rates, arguing that delaying cuts only worsens economic pain. He predicts future rate cuts and quantitative easing, and shares insights on gold and mining stock investments. Additionally, Peter analyzes the political landscape, focusing on Kamala Harris's VP pick, and criticizes new UK laws limiting free speech. Peter also advocates for tax reforms and spending cuts to address the deficits⭐️ NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/gold🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest🔔 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/peterschiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

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Cut 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. Sign up for Peter's most valuable insights at https://schiffsovereign.comFollow 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 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

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Bitcoin Faction Exposes the Evils of Democracy - Ep 971

NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldVisit https://indeed.com/peter to start hiring now.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com📘 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/peterschiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

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Trump Is a Living American Folk Hero That No Democrat Can Beat - Ep 970

Sign up for a $1/month trial period at https://shopify.com/goldNetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldSign up for Peter's most valuable insights at https://schiffsovereign.comInvest like Peter: https://schiffradio.com/investFree Reports & Market Updates: https://www.europac.comBook 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 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

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Trump Dodged a Bullet, but Economy Won’t Be So Lucky - Ep 969

Visit https:/indeed.com/peter to start hiring now.Sign up for Peter's most valuable insights at https://schiffsovereign.comInvest like Peter: https://schiffradio.com/investBook 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 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

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Bad News for Biden and the Economy - Ep 968

NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldSign up for Peter's most valuable insights at https://schiffsovereign.comInvest like Peter: https://schiffradio.com/investBook 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 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

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