History Rhymes: SchiffGold Friday Gold Wrap 02.10.23
You’ve probably heard the saying that history might not repeat, but it often rhymes. If that’s true, looking back at the runup to the 2008 financial crisis and Great Recession should cause concern. In this episode of the Friday Gold…
Do You Believe Your Eyes or Your Ears? SchiffGold Friday Gold Wrap 02.03.23
Do you believe your eyes? Or do you believe your ears? That’s the dilemma you face as you try to make sense of the latest Federal Reserve meeting and Jerome Powell’s messaging. It’s also a question to ask yourself if…
Crying Wolf? SchiffGold Friday Gold Wrap 12.23.22
Are the people who are predicting a big economic crash right? Or are they just crying wolf? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why it’s hard to predict the exact timing of a…
Keep Your Eye on the Ball: SchiffGold Friday Gold Wrap 12.16.22
It’s easy to get caught up in the day-to-day gyrations of the market, pronouncements of certain government or central bank officials, and the most recent data dump. So, it’s important to keep your eye on the ball. In this episode…
J. Powell’s Do-Si-Do SchiffGold Friday Gold Wrap 12.02.22
Federal Reserve Chairman Jerome Powell came out this week and indicated the central bank is set to pivot away from its aggressive rate hikes. But he couched the announcement in hawkish terms. The markets bought the pivot and ignored the…
A Wing and a Prayer: SchiffGold Friday Gold Wrap 11.04.22
The Federal Reserve delivered a 75-basis point rate hike at its November meeting, as expected. But what’s next? That’s a little harder to decipher. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the mixed…
Feel the Pain! SchiffGold Friday Gold Wrap 09.23.22
The September Federal Reserve meeting wrapped up this week with another 75 basis point rate hike. And Fed Chairman Jerome Powell admitted that there is going to be some pain as the central bank continues to fight inflation. In this…
The Calm Before the Storm: SchiffGold Friday Gold Wrap 09.09.22
This week was the calm before the storm that will begin next week with the August CPI data and continue with the September FOMC meeting the following week. Friday Gold Wrap host Mike Maharrey takes advantage of the lull to…
Spin Cycle: SchiffGold Friday Gold Wrap 07.29.22
This week, the Federal Reserve raised interest rates another 75 basis points despite a second straight quarter of negative GDP growth. Meanwhile, Congress is debating a big government spending bill to “reduce inflation.” In this week’s Friday Gold Wrap podcast,…
Writing Checks They Can’t Cash: SchiffGold Friday Gold Wrap 07.08.22
The Federal Reserve is putting on quite the tough guy act. Everybody is convinced the central bank is going to keep up the inflation fight even if the economy gets shaky. In this episode of the Friday Gold Wrap podcast,…
You Spin Me Right Round! SchiffGold Friday Gold Wrap 05.20.22
There is a lot of spin out there when it comes to economic news. You get spin from the corporate media, You get spin from government officials. And you get spin from central bankers. In this episode of the Friday…
The Crossroads Is Looming! SchiffGold Friday Gold Wrap 05.06.22
The Fed hiked rates 0.5% this week in an effort to stem the inflation tide. But the economy already looks shaky and the central bank has barely started this inflation fight. Friday Gold Wrap host Mike Maharrey breaks down the…
Powell’s Price Hike: SchiffGold Friday Gold Wrap 04.15.22
We got the CPI data for March this week. As expected, prices spiked significantly again last month. A lot of people in the mainstream are calling it “Putin’s price hike.” Friday Gold Wrap host Mike Maharrey says it would be…
Can Jerome Powell and the Fed Bully Inflation? SchiffGold Friday Gold Wrap 03.25.22
The Fed threw a pretty weak first punch at inflation with a quarter-point interest rate hike last week. But Fed Chair Jerome Powell followed up with some tough talk this week. The question is what will he do when the…
Too Little Too Late: SchiffGold Friday Gold Wrap 03.18.22
The Fed launched its much-anticipated war on inflation this week. It wasn’t much of a first strike. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and what might come next. He…
Less for More: SchiffGold Friday Gold Wrap 03.04.22
You’re getting less for more every time you pull out your wallet. Inflation is chewing up the average person’s paycheck. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the real pain of inflation. He…
It’s a Big Flim-Flam: SchiffGold Friday Gold Wrap 01.28.22
The Federal Reserve held its first FOMC meeting of 2022. The central bank didn’t do anything, but the tone coming out of the meeting was widely perceived as even more “hawkish.” Everybody is convinced the Fed really means it now.…
Taking a Pea Shooter to a Bazooka Fight: SchiffGold Friday Gold Wrap 12.17.21
We got more bad inflation news this week as the Federal Reserve wrapped up its final FOMC meeting of the year. Supposedly, the central bank has launched its war on inflation. Has it though? In this episode of the Friday…
A Brand New Fed Chair? SchiffGold Friday Gold Wrap 12.03.21
After President Biden announced he was reappointing Jerome Powell for a second term as Federal Reserve Chairman, Powell went hawkish, saying it’s time to retire the word “transitory” when it comes to inflation and talking about speeding up the taper.…
The Status Quo Changes Things? SchiffGold Friday Gold Wrap 11.26.21
Earlier this week, President Joe Biden announced Jerome Powell will serve a second term as chair of the Federal Reserve. In effect, Biden stuck with the status quo. But the markets reacted as if big changes are afoot. Gold sold…