The Status Quo Changes Things? SchiffGold Friday Gold Wrap 11.26.21

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…

Inflationary Spiral: SchiffGold Friday Gold Wrap 10.29.21

Inflationary Spiral: SchiffGold Friday Gold Wrap 10.29.21

Is inflation transitory, as Federal Reserve Jerome Powell has claimed for months? Or are we on the verge of hyperinflation, as Twitter CEO Jack Dorsey recently warned? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks…

A Lack of Self-Reflection: SchiffGold Friday Gold Wrap 10.08.21

A Lack of Self-Reflection: SchiffGold Friday Gold Wrap 10.08.21

Inflation continues to run hot. Even some of the folks over at the Fed are having a hard time peddling the “transitory” inflation narrative. But politicians and government officials lack the skill of self-reflection. As a result, they can’t clearly…

The Headline I'd Write: SchiffGold Friday Gold Wrap 09.24.21

The Headline I’d Write: SchiffGold Friday Gold Wrap 09.24.21

The Federal Reserve wrapped up another FOMC meeting with a whole lot of talk and very little action. Interest rates remain at zero and quantitative easing continues unabated. The mainstream headlines are all focusing on the prospect of QE tapering.…

Government Wrecks Everything It Touches! SchiffGold Friday Gold Wrap 09.10.21

Government Wrecks Everything It Touches! SchiffGold Friday Gold Wrap 09.10.21

The government is always promising to fix things. It has policies to fix the economy, fix foreign countries, and even fix the pandemic. But as Friday Gold Wrap podcast host Mike Maharrey explains in this episode, instead of fixing things,…

Inflation Is a Thing! SchiffGold Friday Gold Wrap 09.03.21

Inflation Is a Thing! SchiffGold Friday Gold Wrap 09.03.21

Federal Reserve Chairman Jerome Powell spent most of his Jackson Hole speech continuing to try to convince everybody that inflation is transitory. As Friday Gold Wrap podcast host Mike Maharrey points out in this episode, whether it is or isn’t…

Whatever Will He Say? SchiffGold Friday Gold Wrap 08.27.21

Whatever Will He Say? SchiffGold Friday Gold Wrap 08.27.21

Jerome Powell will speak today at the Jackson Hole economic summit. Everybody is on pins and needles in anticipation of the Fed chairman’s speech. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey discusses the Fed’s messaging…

All You Do to Me Is Talk Talk! SchiffGold Friday Gold Wrap 07.30.21

All You Do to Me Is Talk Talk! SchiffGold Friday Gold Wrap 07.30.21

The Federal Reserve held its July meeting this week. Once again, it didn’t do anything. But there was certainly plenty of talk to dissect. In this episode of the Friday Gold Wrap, host Mike Maharrey does just that with some…

The Story Is All They've Got! SchiffGold Friday Gold Wrap 07.16.21

The Story Is All They’ve Got! SchiffGold Friday Gold Wrap 07.16.21

Consumer price index data came in hotter than expected. Again. The producer price index data also came in well above projections. But Fed Chair Jerome Powell continues to stick to his “inflation is transitory” story. On this episode of the…

How Long Can They Keep This Thing Going? SchiffGold Friday Gold Wrap 07.09.21

How Long Can They Keep This Thing Going? SchiffGold Friday Gold Wrap 07.09.21

This week, the IMF undercut the Fed’s “transitory” inflation narrative, warning about the possibility of sustained inflation in the US. But the real question remains unanswered – what will the Fed do about it? In this episode of the Friday…

We Have a (Raw) Deal! SchiffGold Friday Gold Wrap 06.25.21

We Have a (Raw) Deal! SchiffGold Friday Gold Wrap 06.25.21

But where is Uncle Sam going to come up with the money? And what does this tell you about the likely trajectory of Federal Reserve monetary policy? Host Mike Maharrey talks about it in this episode of the Friday Gold…

The Big Pivot? SchiffGold Friday Gold Wrap 05.21.21

The Big Pivot? SchiffGold Friday Gold Wrap 05.21.21

After last week’s hotter than expected CPI data, gold sold off, following a pattern we’ve seen over the last few months. But in the last week, gold has rallied, knocking on the door of $1,900. In fact, there has been…

Yellin' at Yellen: SchiffGold Friday Gold Wrap 05.07.21

Yellin’ at Yellen: SchiffGold Friday Gold Wrap 05.07.21

Treasury Secretary Janet Yellen did a big flip-flop this week. Her comments and her subsequent attempt to walk them back were telling. She accidentally revealed the ugly truth about inflation and the central bank’s ability to deal with it. In…

This Economy Is Jacked Up! SchiffGold Friday Gold Wrap 04.30.21

This Economy Is Jacked Up! SchiffGold Friday Gold Wrap 04.30.21

There was a lot of news and economic data that came out this week. The Fed held its April meeting. President Biden unveiled yet another tax and spend plan. And the Q1 GDP numbers came out. In this episode of…

It's Not a Problem! Until It Is: SchiffGold Friday Gold Wrap 04.16.21

It’s Not a Problem! Until It Is: SchiffGold Friday Gold Wrap 04.16.21

CPI came in even hotter than expected signaling rising inflation. The US government is running a massive record budget deficit. But we’re told these things aren’t a problem. Budget deficits don’t really matter. Inflation is transitory. But how can we…

When Doves Cry: SchiffGold Friday Gold Wrap 04.09.21

When Doves Cry: SchiffGold Friday Gold Wrap 04.09.21

Gold hit its highest price in five weeks after the release of the March Federal Reserve meeting minutes and comments by Jerome Powell both reiterated the central bank’s dovish position. In this episode of the Friday Gold Wrap podcast, host…