Fissures in the Economy: SchiffGold Friday Gold Wrap July 21, 2023

Janet Yellen recently said she doesn’t think the US economy will slip into a recession. Friday Gold Wrap host Mike Maharrey explains why he doesn’t think we should put a lot of stock on Janet’s prognostications, and he goes on to point out some major fissures in the economy and financial system that are opening up under the surface.

TOPICS DISCUSSED

• No Recession! Janet Yellen says so.
• Gold hits 2-month high
• Leading economic indicators drop again
• Major default reveals cracks in the commercial real estate market
• Massive Bank of America paper losses reveal financial crisis is still simmering
• Jerome Powell is no Captain Sully

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.

Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.

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SHOW NOTES

Jim Grant: Rivets Are Popping in the Economy

Fiscal 2023 Budget Deficit Already Higher Than Last Year’s Total With Three Months to Go

Could the Commercial Real Estate Market Be the Next Thing to Break?

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