Tag: economy

Fed Chairman: “We’re Not Even Thinking about Thinking About Raising Rates”

Fed Chairman: “We’re Not Even Thinking about Thinking About Raising Rates”

Market volatility has suddenly spiked in recent days came after the Federal Reserve vowed last Wednesday to keep its benchmark rate near zero through 2022. That’s an unusually long period for the Fed to be projecting rate policy. It reflects the fact that it will take many months and perhaps years for the tens of millions of jobs that were recently lost to return. During his press conference, Chairman Powell stumbled and stammered his way into stating that he would be happy to let inflation continue to rise until the economy approaches full employment. Jerome Powell: We’d be looking to get inflation back up and we’d be prepared to tolerate, uh, […]

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All of the Economic Recovery Models Will Be Wrong Too

All of the Economic Recovery Models Will Be Wrong Too

“All of the projection models were wrong. All of them,” admitted New York Governor Andrew Cuomo in an interview last week with MSNBC. Governor Cuomo had been issuing frantic demands for tens of thousands of ventilators… that turned out not to be needed as the rate of new hospitalizations for COVID-19 infections in New York plunged with surprising speed. Governor Cuomo had warned America that New York City was the canary in the coal mine, that other cities would soon suffer similar death rates. And based on models cited by Dr. Anthony Fauci just a few days ago, the United States was expected to rack up around 200,000 deaths from […]

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Gold Price Relationship to the Economy

| February 25, 2020 | Category: Economy
Gold Price Relationship to the Economy

Too often, you will hear people talk about how the economy affects gold prices and not how gold prices affect the economy. However, whether you are a gold collector, investor, or merely interested in this subject, it is vital to understand why gold prices matter and have a 360-degree image of the precious metals. Whenever there is a crisis in the economy, the prices of gold always seem to benefit. Currently, the Brexit uncertainties are the primary concern, and studies have shown that the prices of gold might surge to $5000 in 2020. The prices of gold in 2020 are still holding on to strong gains, and recently, the Federal […]

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Michael Pento: THIS ONE THING Will Tell Us When the Bubble Economy Is Bursting…

| January 27, 2020 | Category: Economy
Michael Pento: THIS ONE THING Will Tell Us When the Bubble Economy Is Bursting…

Mike Gleason: It is my privilege now to welcome back Michael Pento, President and founder of Pento Portfolio Strategies. Michael’s a well-known money manager, market commentator and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. He’s been a regular guest with us over the years and we always love getting his fantastic insights. Michael, thanks for the time again today, and welcome back. Michael Pento: It’s always a pleasure to be on with you. Thank you for inviting me back on the program. Mike Gleason: Well, we’re having a hard time seeing a big move higher in metals prices until one of two […]

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Craig Hemke: Ignore the Elliott Wave “Buffoons” Calling for a Gold Crash

Craig Hemke: Ignore the Elliott Wave “Buffoons” Calling for a Gold Crash

Mike Gleason: It is my privilege now to welcome back Craig Hemke of the TF Metals Report. Craig is a well-known name in the metals industry and runs one of the most highly respected websites in our space and provides some of the very best analysis on banking schemes, the flaws of Keynesian economics, and evidence of manipulation in the gold and silver markets that you will find anywhere. Craig, welcome back, and thanks for joining us again. How are you today? Craig Hemke: Mike, my friend, it’s always a pleasure. Thanks for the invite. Mike Gleason: Absolutely. Love to get you back on and thanks for the time. Well, the recent smash in […]

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Axel Merk Exclusive: Can You Sleep at Night When the Market Goes Against You?

Axel Merk Exclusive: Can You Sleep at Night When the Market Goes Against You?

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome in Axel Merk, President and Chief Investment Officer of Merk Investments and author of the book Sustainable Wealth. Axel is a well-known market commentator and money manager and is a highly sought after guest at financial conferences and at news outlets throughout the world. It’s great to have him back on with us. Axel, it’s always a pleasure and thanks for joining us again. Axel Merk: Great to be with you. Mike Gleason: Well, before we get into other matters like Fed policy and the latest on trade wars and so forth, Axel, I […]

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Oil Prices and its effects on the U.S. Economy

Oil Prices have a great effect on the U.S. economy in many forms like jobs, investment, and growth. Oil exploration and production. Fluctuations in Oil prices play an important role in the different aspects of finance and business. That is why oil price movements are closely watched by economists, investors, and policymakers. The U.S., although produces its own oil, still has the need to import more to meet the growing energy demands. New technology allowed companies to economically draw oil and gas from shale deposits that were once considered depleted because the cost of extraction would be impractical. Oil and Business Oil plays an important role in many businesses, specifically […]

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Gerald Celente Exclusive: “If rates go up too high, the economy goes down, end of story”

| March 12, 2018 | Category: Economy
Gerald Celente Exclusive: “If rates go up too high, the economy goes down, end of story”

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps the most well-known trends forecaster in the world and it’s always great to have him on with us. Mr. Celente, thanks again for the time today and welcome back. Gerald Celente: Oh, it’s always great being on. Thank you. Mike Gleason: Well, Gerald, it’s never a dull moment in Washington, D.C., these days. President Trump always keeps it lively. We have the never-ending Russia controversy, of course, the war of words with North Korea, and the intervention […]

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5 Big Drivers of Higher Inflation Rates Ahead

| February 22, 2018 | Category: Economy
5 Big Drivers of Higher Inflation Rates Ahead

Investors got lulled into a state of inflation complacency. Persistently low official inflation rates in recent years depressed bond yields along with risk premiums on all financial assets. That’s changing in 2018. Five drivers of higher inflation rates are now starting to kick in. Inflation Driver #1: Rising CPI The Consumer Price Index (CPI) is a notoriously flawed measure of inflation. It tends to understate real-world price increases. Nevertheless, CPI is the most widely followed measure of inflation. When it moves up, so do inflation expectations by investors. On February 13th, the Labor Department released stronger than expected CPI numbers. Prices rose a robust 0.5% in January, with headline CPI […]

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Central Banks Are Starting To Worry Investors

Central Banks Are Starting To Worry Investors

The original article was posted on TimeMoney.com In previous articles (here and here), we’ve discussed how central banks are going to halt adding liquidity into the financial system which could cause a correction in the stock market. Many people scoff at that idea because they look at the current market and say, “what could possibly go wrong?” This is recency bias at work as many investors have never experienced a sizeable market correction. Stimulus reached the highest level of this cycle. Quantitative easing has been among the most important drivers of the rally in asset prices for the past 8 years, once discontinued, the opposite will happen – namely a decline in asset prices. If you are an […]

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Preparing to Barter and Trade Is NOT a Loony Idea

Preparing to Barter and Trade Is NOT a Loony Idea

Let’s start with this fact; fiat (paper) currencies die – often spectacularly. That is why precious metals may someday be needed for barter and trade. Anyone who thinks it is silly to worry about such a thing is putting blind faith in Federal Reserve Notes. The U.S. dollar is having a great run, no question. It will soon be 50 years since Nixon closed the gold window, thereby converting the dollar to a purely fiat currency. Five decades is longer than most purely fiat currencies survive. Humans carry a normalcy bias. That helps explain why so many assume the unbacked Federal Reserve Note, which has served so long as our […]

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A Weaker US Economy Could Result in Strong Gold Rally

A Weaker US Economy Could Result in Strong Gold Rally

Article provided by our friends at Hard Assets Alliance. By John Grandits – July 28, 2017 One possible effect of the “America First” approach the Trump Administration vowed to take was a weaker US dollar. Shortly after we wrote about this earlier this year, the dollar index began a steady march lower, retreating 7% in just five months, from 102 in March to its current level of 95. Not surprisingly, gold has risen almost 10% in US dollar terms during this time. As recently as six months ago, many investors expected the dollar to continue its rally of the past few years based on stronger economic growth, via Trump’s agenda […]

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Jim Rickards Exclusive: Dollar May Become “Local Currency of the U.S.” Only

Jim Rickards Exclusive: Dollar May Become “Local Currency of the U.S.” Only

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my great privilege to be joined now by James Rickards. Mr. Rickards is editor of Strategic Intelligence, a monthly newsletter, and Director of the James Rickards Project, an inquiry into the complex dynamics of geopolitics and global capital. He’s also the author of several bestselling books including The Death of Money, Currency Wars, The New Case for Gold, and now his latest book The Road to Ruin. In addition to his achievements as a writer and author, Jim is also a portfolio manager, lawyer and renowned economic commentator having been interviewed by CNBC, the BBC, […]

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Michael Pento Warns of Exploding Debt, Inverted Yield Curve, and Then “Economic Armageddon”

Michael Pento Warns of Exploding Debt, Inverted Yield Curve, and Then “Economic Armageddon”

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: Michael, how are you today? Welcome back. Michael Pento:  I’m doing fine, Mike. Thanks for having me back. Mike Gleason:  When we had you on last you commented that you believed the market was pricing in President Trump getting virtually all of his policy agenda pushed through Congress, the tax cuts, repealing Obamacare, and so forth. To say Trump has encountered some resistance in Washington would be a major understatement. The establishment of the right doesn’t seem to like him. The left and the mainstream media of course hate him. So, Michael before we get into the […]

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