Peter Schiff covers a wide range of topics in his latest interview with Chris Waltzek on GoldSeek Radio. Of course, they look closely at the precious metals markets and how they’re being influenced by the Federal Reserve’s monetary manipulation. However, they also discuss the price of oil, Russia’s ruble problems, and the future of the…
Some believe the central political issue of our era is the size of the government. They’re wrong. The central issue is whom the government is for. Consider the new spending bill Congress and the President agreed to a few weeks ago. It’s not especially large by historic standards. Under the $1.1 trillion measure, government spending doesn’t…
Economic illiteracy has absolutely no bounds. The top example of the day comes from Belarus. For those unfamiliar with the country, this map of Belarus will help put things into perspective. For the economic illiteracy of the day, please consider Belarus Imposes Moratorium on Rising Consumer Prices. “The moratorium is aimed at preventing consumer prices…
A year ago, Jeff Frieden and I forecast (along with others) in Politico Magazine a boom in output. In light of today’s third release for 2014Q3 real GDP, clocking in at 5% SAAR [1], it’s reasonable to ask, are we there yet? Figure 1 depicts the upward revision in GDP from advance to final, in the context of the…
According to the most recent report from the US Department of Agriculture’s Office of Inspector General,government “mis-spent” $2.4 billion on food stamps. While $2.4bn may feel like small amount in the present day of trillion-dollar debts, as The Daily Signal’s Alexandra Gourdikan notes, the fact itself should raise concerns adding that the food stamps program is…
The headlines say new home sales are down from last month. Econintersect also sees the new home sales data soft again this month — with the unadjusted 3-month rolling averages continuing to decline. As the data is noisy, the 3-month rolling average is the way to look at this data. This data series is suffering from…
“Davidson” submits: The Chemical Activity Barometer(CAB) reported at 97.44 this morning with previous months revised higher as 3Q US GDP comes in at 5%. Those who remain pessimistic are surprised with reports of stronger economic activity than expected. The CAB vs. SP500 (SPY) and vs. Establishment Survey (Non-Farm Employment) and Industrial Production are shown in…
Lots of smart people are wondering if Russia might adopt a gold backing for the ruble to strengthen its ailing currency and economy. The idea is even getting traction in mainstream news with a new article from CNBC. Alasdair MacLeod, an expert precious metals analyst, explains why Russia would favor a gold standard: There is no doubt…
The biotechnology corner of the broader health care industry has been one of the best performing U.S. sectors this year despite some temporary glitches and rough trading in between. Encouraging industry trends, increasing merger and acquisition (M&A) activities, expansion into emerging markets and ever-increasing health care spending led the sector to easily outperform the broader…
Let me start with one admission: I have no idea when the current slide in the oil price will end. I won’t insult your intelligence by putting out a price target because I – like everyone else — would be pulling a number out of thin air. Broad supply and demand imbalances do not cause market…
