Mortgage applications dropped sharply, purchase applications plunged, showing that the strength in the housing market to which Janet Yellen is pointing as a positive for the economy going forward is already turning around. The situation for housing is weakening.
Related stocks and ETFs: SPDR S&P Homebuilders (ETF)(XHB), The Ryland Group (RYL), Lennar Corp. (LEN), KB Home (KBH);
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 17, 2014
Jul 16, 2014
Gold Outlook (2014 Half-Time Report)
Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD),
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Yellen: Highly Accommodative Monetary Policy Still Needed
I am listening a little bit to Janet Yellen`s prepared remarks. She is sounding rather upbeat on her outlook for the economy and inflation although she is still insisting that highly accommodative monetary policy is needed.
If the economy is really recovering, why is that highly accommodative policy needed?
Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
If the economy is really recovering, why is that highly accommodative policy needed?
Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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