Money and Banking in the US after the Crises of the 1970s and ’80s
Continued from part 1. The story in its popular outline is well known. Facing persistent stagflation, the new chair of the Federal Reserve, Paul Volcker,...
Don’t fight the Fed – Commodities may have gotten the message
BloombergIntelligence/Mike McGlone/1-4-2021 “The problem with commodities for 2022 is some normal reversion may seem extreme. Crude oil at the top of our 2021 scorecard vs....
Global Economy Heading For “Mother Of All” Supply Chain Shocks As China Locks Down Ports
Over the past month, as Wall Street turned increasingly optimistic on US growth alongside the Fed, with consensus (shaped by the Fed’s leaks and jawboning)...
Is Omicron Hiding Much Higher Inflation?
January 13, 2022 by SchiffGold 0 0 The latest seasonally adjusted inflation rate for December was .46% month over month, with a non-seasonally adjusted annual rate of 7.0%....
Russia May Deploy Troops To Venezuela, Cuba If Tensions With US Continue To Rise
Amid stalled talks between Russia and NATO over what is effectively a novel split of Europe into geopolitical sphere of influence, Russia has decided to...
Flaws are evident in Fed’s approach to inflation
Financial Times/Fred Mishkin/1-11-2021 “The US Federal Reserve has been mugged by reality. Current inflation now exceeds 6 per cent, a level not seen in almost...
Despite Record Receipts Uncle Sam Still Ran a Budget Deficit in December
January 13, 2022 by SchiffGold 0 1 Despite a monthly record in receipts to the US Treasury, the federal government still managed to run a deficit in December....
IRS warns there will be delays processing 2021 tax returns and refunds
When the Internal Revenue Service announced the opening of tax filing season on Jan. 24, it came with a warning: File early, because the agency...
Notable Quotable | Today’s top gold news and opinion
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– “We’re in very uncharted waters. Nobody has gotten by with the kind of money printing now for a very extended period without some kind...
Peter Schiff: The Inflation Freight Train
January 13, 2022 by SchiffGold 0 0 December Consumer Price Index data came out on Wednesday (Jan. 12). Month-on-month, it was again even hotter than expected. Peter called...