The Fed’s No Exit Dilemma Podcast Summary: Topics discussed 0:00-7:45 Fudging of the unemployment numbers prior to the 2012 election;the integrity of government data; QE’s impact on the economy. 7:45-13:45 data manipulation and interpretation by the Fed and the media; interpretation of initial jobless claims;Fed’s concern about not enough inflation;the media’s “recovery” mantra. 13:45-18:15 the … Read More →
Tapering IS Tightening The Fed’s RecovQEry is in Jeopardy In June this year we noted the Fed is trapped. They know they have to stop quantitative easing (QE) as their balance sheet is already too large to unwind, the real estate and stock markets are already too dependent on QE and if they continue price … Read More →
Janet Yellen’s Congressional Testimony November 2013 The Fed Never Has to Say “Sorry” Recap of Janet Yellen’s Testimony Podcast Summary: Discussion of Janet Yellen’s Testimony 0:00-17:30 How a Yellen Fed would impact QE, home prices, stock prices, tapering, money printing, Fed credibility vs. Obama credibility 17:30-23:30 Discussion of the efficacy, structure and self-dealing of the … Read More →
The Fed’s Potemkin Village “We pretend to work and they pretend to pay us.” Anonymous Soviet Union “worker” Five Long Years in The Fed’s Potemkin QE Village The term Potemkin Village is derived from the account that Prince Grigory Potemkin once constructed a fake but lavish looking village along the banks of the Dnieper River … Read More →
The U.S. Mint Reports Record Sales of American Silver Eagles – Over 40 million ounces of Silver Eagles sold so far in 2013* – Surpasses record set in 2011 of 39.868 million Today the United States Mint released their sales figures through November 12, 2013. Month to date the U.S. Mint has sold 1,000,000 one … Read More →
The Labor Real Estate Markets and Interest Rates Consumer Confidence in The Housing Market Hits All Time Low Podcast Summary: Intro: 0:00-4:42 Ryan introduces the program and reviews the European decision to lower interest rates and impact on U.S. mortgage rates. Ryan notes the 3rd Quarter GDP growth of 2.8% and initial jobless claim data. … Read More →
Mortgage Applications Tumble Mortgage applications tumbled 7% last week. Real Estate News The economic and housing “recoveries” are over and have been for months. Yet hope persists (the market has taken a slight “pause”!) that recent set backs in pending home sales, rising interest rates and lackluster job reports are mere bumps in the road … Read More →
Mexican Mining Tax Check out the Smaulgld Gold Buying Guide Check out the Smaulgld Silver Buying Guide Live Silver Prices Live Gold Prices Will Mexican Mining Tax Curb Silver Supply? Late last month, the upper house of the Mexican Congress approved a new mining royalty tax. The Mexican mining tax would provide for a royalty … Read More →
The Fed’s Reasons Not To Taper QE The Fed’s Excuses Not To Taper Quantitative Easing Podcast Summary Ryan reviews the recent decision of the Fed to keep their interest rate policy the same along with keeping quantitative easing in place. Ryan predicts interest rates would trade within a tight range and notes that the Fed … Read More →
Gold and Silver Sales at the U.S. Mint in October 2013 How To Buy Gold How to Buy Silver Silver Outsells Gold 75.29 to 1 at the U.S. Mint in October The Gold/Silver Ratio was 60.04/1 in October – Retail investors continue to buy physical silver and gold in large quantities -2013 Silver Eagle sales … Read More →