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Once again, the Fed is predicting a rate hike by the end of the year. The problem is they’re notoriously bad at predicting their own rate hikes. The Fed’s Lackluster Success at Predicting Rate Hikes At the start of 2016, Fed members had predicted more rate hikes than we’ve experience so far. That’s not a […]
As one of the largest markets for gold, India’s cultural and social changes are important influences on the precious metal’s price. The nation of almost 1.3 billion people has a strong relationship with gold, which is interwoven in marriage ceremonies and cultural rites. Just last month, high prices were driving many citizens to trade in […]
In a recent episode of Ron Paul’s Liberty Report, the former presidential candidate and Libertarian icon examines the future of digital currency. Paul and co-host Daniel McAdams talk with NYU Law Fellow and digital currency expert Max Raskin about how a future form of US digital money might give the Federal Reserve even more control […]
In his latest podcast, Peter reports on the week’s economic numbers and takes the popular media to task for helping Hillary Clinton secure the presidency. Biased reports are showing Obama as a “deficit-reducing miracle worker,” while the debt-to-GDP has never been higher under his presidency. “The media is constantly going to try to redefine a […]
Despite the recent slump in gold prices, many influential analysts like Raoul Pal and firms like UBS are predicting a strong showing for gold in the next 12 months. Their beliefs are based on strong indicators of a looming recession, negative interest rates, and a downshift in global trade.
Full-time work is being replaced by multiple part-time jobs for Americans, and many indicators are flashing early warning signs for an imminent recession. Learn more in this week’s Fed Up Friday. Part-Time Jobs Soar, Indicating Most Multiple Jobholders Since 2008 In numbers not seen since the financial crisis of August 2008, the number of multiple […]
Late last week the Non-Farm Payroll Report was released. Peter Schiff laid out the details of the official scorecard on U.S. job creation and unemployment in his latest podcast. The big story of the reported “employment gains” is that they lump full- and part-time jobs together. They aren’t taking into account that when someone loses […]
The basic definition of an interest rate is simply the cost of borrowing money. It’s the cost associated with acquiring credit, whether buying a car, getting a mortgage, or taking a vacation. We encounter interest rates every time we make a monthly credit card or student loan payment. Interest and interest rates are a major […]
In a recent article on the next looming recession, Peter Schiff explains how current monetary policy has come to a crossroads. With respect to interest rates, there now seems to be two entrenched camps: raise or don’t raise. Unfortunately, they’re both wrong, mainly because they’re beginning with the wrong premise: that the economy can somehow […]
A wilting, stifled economy is the story this week with the Fed. They’re trapped, unable to bolster the economy and they have no ammo to halt inflation. Fed President Lacker Urging Preemptive Rate Increases Regular Fed dissenter Jeffrey Lacker said this week he sees even bigger rate increases coming in if the Fed doesn’t start […]
