The Empire State Manufacturing Index was -14.67 in Sept, failing to recover from Aug.'s plunge to -14.92, its lowest level since April 2009!
— Peter Schiff (@PeterSchiff) September 15, 2015
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- Walter Block and Mark Skousen to Battle Over Hayekian Triangle at Anarchapulco!
- November report "Is it True, as David Hume (1711 – 1776) postulated that, "Nothing is esteemed a more certain sign of the flourishing conditions of any nation than the lowness of interest"?" published. https://bit.ly/2y4LJZQ
- Ronald Reagan had the integrity to stand by Volcker when Volcker was doing something that was very politically unpopular. A lot of people were being hurt by these sky-high interest rates, but Reagan stood behind his Fed chairman. http://bit.ly/2BJIJG2
- Negative Interest Rates: A Golden Opportunity http://bit.ly/1S3gZJk @SchiffGold
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- Inflation: A Semantic Change Worth Noting https://t.co/2TlFI45lPM @SchiffGold
- Is #JanetYellen really this clueless, or does she just assume that everyone else is?
- Some have speculated Germany wants the gold at home in the event of a breakup of the EU and a collapse of the euro. http://bit.ly/2xfQO0f
- More ominous than the threat posed by rising interest rates to the stock market, is the one posed to the Federal budget. Higher rates will reduce tax revenue as it increases debt service costs. Widening budget deficits will push rates even higher, creating a dangerous cycle.