Bloomberg’s Mike McGlone said, “Unless greenback weakness reverses, gold should shine.” http://bit.ly/2AR2oj5
— Peter Schiff (@PeterSchiff) January 11, 2018
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- The #dollar sell off continues. The dollar index just broke below 89, and the dollar is down to 6.33 against the Chinese yuan, on its way to record low. Gold is up another 6 bucks, trading above $1,363.
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- 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!
- Had the same 2% inflation assumption used to calculate Q1 #GDP been applied to Q2, the reported growth rate would have been just 1.6%!
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- WSJ Fed mouthpiece John #Hilsenrath just reported #theFed is unlikely to raise rates in 2015. Anyone who listens to me knew this in Jan.
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