tag:blogger.com,1999:blog-29075078250994974092024-03-13T20:58:00.016-07:00Peter Schiff On The MarketsPeter Schiff talks markets, precious metals and monetary policyUnknownnoreply@blogger.comBlogger1720125tag:blogger.com,1999:blog-2907507825099497409.post-74834372764829725582023-02-15T08:21:00.006-08:002023-02-15T08:21:33.173-08:00More Inflation Ahead January retail sales spiked by 3 percent, driven by inflation, as many consumers bought less but paid more.<div><br /></div><div>January industrial production was unchanged following a downwardly revised 1 percent drop in December as capacity utilization sank to 78.3 percent. </div><div><br /></div><div>Spending more and producing less means higher prices.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-63984586843649122382023-01-27T09:31:00.001-08:002023-01-27T09:31:00.218-08:00The Swiss National Banks Admits Mistakes Made The Chairman of the Swiss National Bank finally admitted that “with the benefit of hindsight monetary policy was a little bit too expansionary.” In reality, the monetary policy mistakes were clearly obvious in real time and they were far more than just "a little bit" excessive.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-53219493451095084482023-01-27T06:31:00.002-08:002023-01-27T06:31:19.964-08:00Bitcoin & Gold Are Rising For Different Reasons Both Gold and Bitcoin are up in 2023, but they're rising for opposite reasons. Gold is rising as a hedge against inflation and a weaker U.S. Dollar, while Bitcoin is rising with other high-risk assets as speculators bet that a Federal Reserve pivot will cause a rally in 2022s biggest losers.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-56973920584480278582022-12-20T07:06:00.004-08:002022-12-20T07:06:29.497-08:00Tesla, Elon Musk, EV SectorAll the talk that Elon Musk's involvement in Twitter is the reason <b>Tesla (TSLA)</b> has been falling is false.<div><br /></div><div><b>Tesla (TSLA)</b> stock has been over-priced for a long time. So has the entire electric vehicles (EV) sector. Tesla is actually outperforming its peers. </div><div><br /></div><div>TV pundits are looking for another excuse to bash Elon Musk.</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-36047749473567110142022-09-26T09:40:00.004-07:002022-09-26T09:40:38.016-07:00Central Banks, Inflation Central banks spent over a decade creating inflation, while using rigged CPI indexes to claim there wasn't enough inflation. Now that the consequences have materialized, it's too late to put out the fire. What we have seen thus far with inflation is just the tip of the iceberg.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-14669775034661573432022-08-30T04:52:00.002-07:002022-08-30T04:52:10.307-07:00Another Financial Crisis? Why is Jerome Powell confident that he can tighten policy enough to reduce inflation from 8.5% to 2% without causing another financial crisis? Thanks to the Fed's easy money, which created the inflation problem, the current debt bubble is much larger than the one that popped in 2008.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-42379600793240338472022-08-30T04:50:00.008-07:002022-08-30T04:50:50.470-07:00Powell Doesn't Realize How Vulnerable The U.S. Economy IsJerome Powell doesn't realize how vulnerable the U.S. economy is to higher interest rates as he thinks Fed policies of ZIRP and QE solved the problems exposed by the 2008 financial crisis. Those policies only made the problems worse, while postponing and exacerbating the consequences.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-81493453822970861062022-06-29T08:26:00.003-07:002022-06-29T08:26:22.795-07:00Bitcoin: "Bag Holders"Because Bitcoin whales succeeded in pumping Bitcoin close to $70,000, it's much easier for them to unload more worthless Bitcoin at $20,000, as those suckers who are buying think they're getting a bargain. These "bargain" hunters averaging down will eventually be known as bag holders.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-46627834653767916052022-06-01T06:48:00.002-07:002022-06-01T06:48:16.182-07:00German Inflation At A 60-Year High!With official year-on-year (YoY) German inflation at 8.7%, a 60-year high and headed higher, the Euro experiment is clearly a failure. It's not the new Deutsch Mark, it's the new Italian Lira. Germany needs to leave the Euro Zone and really build back better by returning to a gold-backed mark. Gexit!<br /><br /><i>"German Inflation Hits 60-Year-High, 'Worse To Come', Says Allianz"</i> - in ZeroHedgeUnknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-27701216573965705402022-06-01T06:45:00.006-07:002022-06-01T06:45:33.964-07:00Market Update: Bitcoin, Crude Oil, Gold <div style="text-align: justify;"><b>Bitcoin:</b></div><div style="text-align: justify;">CNBC is so excited about Bitcoin's rise back above $32,000. When Bitcoin is falling</div><div style="text-align: justify;">CNBC barely talks about it. But when it makes a big move up they can't stop talking about it. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div><div style="text-align: justify;"><b>Crude Oil:</b></div><div style="text-align: justify;">Crude Oil just hit $117 per barrel. It looks like the market is poised to finally reflect a Russian sanctions premium that should send the price to $150 per barrel by year-end. Next year the price could easily hit $200. But don't worry. America's super strong economy can handle it.</div></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><b>Gold:</b></div>Gold's failure to rise despite mounting evidence that inflation is getting worse doesn't mean gold is no longer an inflation hedge. It reflects investor's expectations that higher inflation means the Fed will fight harder to contain it. Investors are in for a rude awakening.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-17946572396262840122022-04-13T07:58:00.003-07:002022-04-13T07:58:30.189-07:00Bitcoin: The Big Money Is SellingEverything went perfectly for Bitcoin over the past year. Non-stop positive media coverage, unprecedented advertising blitz, mega conferences, growing political support, celebrity endorsements, mainstream adoption, institutional investment, ETFs, NFTs, El Salvador, inflation, war, economic sanctions, etc. <div><br /></div><div>Yet despite all the hype and good news the price of Bitcoin is down 38% Year on Year (YOY). If none of this was sufficient to send the price of Bitcoin higher, what will? Wake up HODLers. You're being played. The big money is selling. It's a classic pump and dump!</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-1614145640435462142022-04-05T07:31:00.006-07:002022-04-05T07:31:54.516-07:00Inflation: The Genie Has Never Been Further From The Bottle! The saying "don't let the inflation genie out of the bottle didn't evolve for no reason. The Federal Reserve has never waited so long to fight inflation, nor perused a more inflationary monetary policy before picking the fight. As a result the genie has never been further from the bottle!Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-12413425331990063142022-04-05T07:30:00.004-07:002022-04-05T07:30:38.520-07:00Fed Talk: "Balance Sheet Reduction Will Be Rapid"Brainard's assertion that Federal Reserve’s balance sheet reduction will be rapid rests on her false assumption that the U.S. economy remains strong throughout the process. If the Federal Reserve follows through with this threat bonds will crash, taking the stock market and the economy down with it!Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-46420980641833236212022-04-04T06:22:00.012-07:002022-04-04T06:22:59.640-07:00The Need To Move Reserve Assets From US Dollars To Gold Traders selling gold on the prospect of a resolution to the Russian-Ukrainian war don't understand why buyers are accumulating. It's not about the war. It's about inflation. But sanctions, even if lifted, have highlighted the need to move reserve assets from dollars to gold.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-29583858967222835442022-04-04T06:20:00.004-07:002022-04-04T06:20:55.815-07:00The Federal Reserve Has No Excuse To Raise Interest Rates This Slowly The headline PCE Index, the Fed's favorite inflation measure, as it understates it the most, surged 6.4% YoY, the biggest rise since 1982. Since even this flawed measure is more than triple the Fed's 2% target, the Federal Reserve has no excuse for raising rates this slowly or delaying quantitive tightening (QT).Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-72988374319372299362022-04-04T05:57:00.008-07:002022-04-04T05:57:44.758-07:00Bonds Are Setting Up For Historic Crash The Treasury yield curve is now inverted from the 2-year to the 30-year. Bonds are setting up for a historic crash when investors discover that a recession doesn't guarantee the end of high inflation. Inflation is not only here to stay, but the next recession will make it worse!Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-85248016655513700512022-04-04T05:56:00.002-07:002022-04-04T05:56:15.084-07:00Bitcoin Isn't An Inflation HedgeBitcoin isn't an inflation hedge. Sure its price went up in the past, but there's no assurance that its price will rise in the future just because the price of goods or services rise. Bitcoin's price has no relationship to the price of anything that people actually need or use!Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-37800091534026500872021-10-08T08:00:00.004-07:002021-10-08T08:02:14.579-07:00The Reason Why CNBC Loves Bitcoin So Much<div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-QhdtIlKyyas/YWBdDrXCDmI/AAAAAAAAGVk/z-Lw5jf0Ad49ekTLBpM4UwzCseKFUKrEACLcBGAsYHQ/s598/Captura%2Bde%2Becra%25CC%2583%2B2021-10-08%252C%2Ba%25CC%2580s%2B15.59.31.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="250" data-original-width="598" height="268" src="https://1.bp.blogspot.com/-QhdtIlKyyas/YWBdDrXCDmI/AAAAAAAAGVk/z-Lw5jf0Ad49ekTLBpM4UwzCseKFUKrEACLcBGAsYHQ/w640-h268/Captura%2Bde%2Becra%25CC%2583%2B2021-10-08%252C%2Ba%25CC%2580s%2B15.59.31.png" width="640" /></a></div><br /><p></p>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-18160325381431373172021-10-08T07:58:00.008-07:002021-10-08T07:58:57.612-07:00Yields Are Rising Due To Higher Inflation Rising nominal bond yields continue to weigh on gold, even though yields are rising due to higher inflation, not stronger economic growth. In fact, nominal yields are rising more slowly than inflation, so real yields are actually collapsing. This is extremely bullish for gold!Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-19378844456136612021-10-07T07:00:00.003-07:002021-10-07T07:00:49.644-07:00The Rise In Oil Prices Is Just Starting! The price of crude oil is closing in on $80 barrel, trading above $79 for the first time in 7 years. But if you look at a chart this move is only just getting started. The parabolic move higher likely won't kick in until we take out $150 per barrel. That might happen as soon as 2022.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-12810537474549519522021-10-07T06:58:00.004-07:002021-10-07T06:58:41.485-07:00Growth Is Slowing Rapidly Yesterday the Atlanta Fed slashed its forecast for Q3 GDP from 2.3 percent to 1.3 percent. Back in June its forecast for Q3 growth exceeded 7 percent! Growth is slowing rapidly just as consumer prices are rising substantially. Stagflation is already a reality. I dare the Federal Reserve to taper. Buy gold!Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-21167158265975845212021-10-04T07:37:00.003-07:002021-10-04T07:37:19.700-07:00The U.S. Has No Ability Or Intention Of Ever Repaying The Debt The reason a failure to raise the Debt Ceiling will lead to a default on the National Debt is that the U.S. has no ability or intention of ever repaying the debt. It will only borrow to keep the Ponzi scheme going until lenders wise up and dump their Treasuries and U.S. dollars.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-48348780583325618962021-10-04T07:35:00.004-07:002021-10-04T07:35:37.534-07:00Inflation In New Cars Despite reporting falling sales, General Motors (GM) reported that average selling prices rose to $47,467, a 20 percent increase over the past year. That's ten times the Fed's official 2% inflation target. If prices rise another 20 percent this year, the average new General Motors (GM) car will set you back $57,000. Thanks to the Federal Reserve.Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-15334378611733752262021-09-13T05:33:00.004-07:002021-09-13T05:33:33.284-07:00There Is Nothing Transitory About This Inflation! For the ninth consecutive month, producer prices rose more than expected. The .7% jump resulted in a 8.3% year-on-year (YOY) gain. <div><br /></div><div>Excluding food and energy the rise was 7.3 percent! So far in 2021 the PPI is up 7 percent. Annualized the rise equates to 10.5 percent. There is nothing transitory about this inflation!</div>Unknownnoreply@blogger.comtag:blogger.com,1999:blog-2907507825099497409.post-21203372333180106532021-09-13T05:31:00.002-07:002021-09-13T05:31:21.789-07:00Bitcoin: Horrible TechnicalsHorrible week technically for Bitcoin. GBTC had an outside reversal week. It took out the prior week's high, then closed below the prior week's low. The pattern may repeat on a monthly chart too. GBTC already took out the August high. Now it just needs to closed below the August low.Unknownnoreply@blogger.com