Don't Fall for It! SchiffGold Friday Gold Wrap 11.19.21

Don’t Fall for It! SchiffGold Friday Gold Wrap 11.19.21

The retail sales numbers for October came in even better than expected. The mainstream reported this as fantastic news — proof that the economy is booming. Meanwhile, Janet Yellen went on national TV and put a new spin on the…

You Call This Transitory? SchiffGold Friday Gold Wrap 11.12.21

You Call This Transitory? SchiffGold Friday Gold Wrap 11.12.21

The October Consumer Price Index data came out this week. They expected it to come in hot. But not this hot. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI numbers, along with…

It's Taper Time! But So What? SchiffGold Friday Gold Wrap 11.05.21

It’s Taper Time! But So What? SchiffGold Friday Gold Wrap 11.05.21

The Federal Reserve wrapped up its FOMC meeting on Wednesday and finally announced the much-anticipated QE taper. The Fed will cut its bond-buying program by about $15 billion a month. But so what? In this episode of the Friday Gold…

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…

Pick Your Poison: SchiffGold Friday Gold Wrap 10.15.21

Pick Your Poison: SchiffGold Friday Gold Wrap 10.15.21

Last week’s jobs numbers came in weaker than expected. September’s CPI came in hotter than expected. That puts the Federal Reserve between a rock and a hard place. Does it tighten monetary policy to fight inflation? Or does it keep…

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.…

CPI Lie? SchiffGold Friday Gold Wrap 09.17.21

CPI Lie? SchiffGold Friday Gold Wrap 09.17.21

CPI data came in slightly cooler than expected for August, giving new energy to the “transitory” inflation narrative. But can we really trust these numbers? In this episode, Friday Gold Wrap host Mike Maharrey takes a deep dive into the…

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…

50 Years of Monopoly Money: SchiffGold Friday Gold Wrap 08.20.21

50 Years of Monopoly Money: SchiffGold Friday Gold Wrap 08.20.21

This week marked the 50th anniversary of President Richard Nixon slamming shut the “gold window” and cutting the last tether between the dollar and gold. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains exactly what…

Going Off Script: SchiffGold Friday Gold Wrap 08.13.21

Going Off Script: SchiffGold Friday Gold Wrap 08.13.21

Gold and silver tanked after last Friday’s job report. But both metals have rallied a bit since the July CPI numbers came in right at expectations. In this episode of the Friday Gold Wrap, host Mike Maharrey looks a little…

Faking It: SchiffGold Friday Gold Wrap 08.06.21

Faking It: SchiffGold Friday Gold Wrap 08.06.21

Gold was solidly above $1,800 an ounce this week until Fed Vice Chair Richard Clarida mentioned the economy reaching the Fed’s goals earlier than expected and raised the specter of monetary policy tightening. But is the economy really improving as…

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…

Political Theater: SchiffGold Friday Gold Wrap 07.23.21

Political Theater: SchiffGold Friday Gold Wrap 07.23.21

Pop some popcorn. It’s time for some political theater. Congress is gearing up for another debt ceiling fight. In this episode of the Friday Gold Wrap, host Mike Maharey gives you a preview of the next big Washington DC blockbuster…

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…

Economics Always Wins: SchiffGold Friday Gold Wrap 06.11.21

Economics Always Wins: SchiffGold Friday Gold Wrap 06.11.21

We got another round of hotter than expected CPI data this week. The mainstream financial media is spinning this as good news. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into the CPI data without the…