Central bankers and the financial elite have good reasons why they don’t want you to buy gold. http://bit.ly/2g2Kntm
— Peter Schiff (@PeterSchiff) August 22, 2017
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- SEP Commentary "The Investment Game is not so much about holding a good Hand as playing a bad Hand well" published. http://bit.ly/1MY9KUc
- Hope springs eternal. After having initially forecast 2017 Q4 #GDP growth at 4.5%, only to see it come in at just 2.6% (likely to be revised lower next month), the Atlanta Fed's initial read on 2018 Q1 GDP is 4.2%. Let the GDP limbo begin.
- Given how large past #Republican deficits have been relative to the initial rosy projections when the goal was to balance in 10 years, imagine how much further off the mark #Trump's deficits will be when even the pretense of eventual balance has been dropped!
- Fortune Tellers: The Story of America’s First Economic Forecasters
- This budget deal is a disaster. It ads 400 billion to the debt over the next 2 years. The 80 billion in disaster relief is one time (until the next disaster), but the 160 billion in spending will recur every year. Over 10 years that adds another 1.6 trillion to the national debt.
- Austrian School Book List
- 10-year U.S. treasury yields just touched 2.9%. This is a new high for the move. The rise in response to the CPI was delayed by the initial plunge in stock market futures. But now that stocks have recovered most of their losses, bonds are plunging.
- http://bit.ly/1grU8wm
- Happy Birthday, F. A. Hayek!, Emily Skarbek
- [Peter Schiff Podcast] Fed tries to instill false hope into consumers that the economy is getting better. https://t.co/j8rR20ylKs