Even though gold has made a move down with the breakout in the dollar – or the move up in the dollar – I think that’s the last safe haven standing. I mean, once you run out of safe havens, where are your going to go? That’s where people are heading because nobody is looking there now. People don’t even think they need a safe haven. In fact, I don’t even know if money is moving based on a search for a safe haven. It’s just going where the momentum is.
Jun 26, 2018
Jun 25, 2018
Most Banks Would Fail A Stagflation Stress Test
Peter Schiff explains in this podcast why most US banks would fail a stress test in a stagflation scenario.
Jun 20, 2018
Markets: Trade War, Small Caps
Traders have
convinced themselves that America is
going to win a trade war or at least
take the fewest casualties because the
reason that the Russell 2000 is doing
better than the Dow or the S&P; is that
you don't have the multinationals. And the theory is that the domestic
economy can easily weather the trade war. That it's no big deal, that trade is a
small part of the US economy and so we
got nothing to worry about but if you
are worried well maybe worry about the
multinationals that stand to lose so
just focus on all these small companies
that are just benefitting and basking in
the glow of the greatest economy in the
history of the world. If you don't
believe it just ask President Trump and
he will tell you. But this is all a bunch
of nonsense and the nonsense continues
to drive the dollar higher.
Jun 11, 2018
Trump Is Right About Trade
What Donald Trump is saying about trade is correct. But what he fails to mention is that eliminating the deficit means much higher consumer prices and interest rates in the United States.
So to receive the long-term gain, Americans will have to suffer through a lot of short-term pain!
Markets: This Is What Everybody Is Missing
This is what everybody is
missing: there is no way that the Federal
Reserve is going to be able to shrink
its balance sheet. There's no way that
the Treasury is going to be able to find
private buyers for all this debt at interest rates that are low enough not
to collapse the US economy.
Jun 8, 2018
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