US stocks surged with the promise of interest rate cuts. Then stocks tanked when some Fed officials tried to walk that promise back. Then they surged again when some weak economic data put rate cuts back on the table. As Friday Gold Wrap host Mike Maharrey put it, easy money is one heck of a drug! In this episode, he explains the impact of easy money on the economy and the markets, and he speculates about the future.
- If I could print money
- The world is buried in debt
- The impact of high interest rates
- The Fed walks the dove back
- Stocks rally
- Stocks tank with an outside reversal
- Stocks rally again
- Bank bailout program borrowing surges again
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.
Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.
You Can Also Listen on SoundCloud
SchiffGold on Twitter: @SchiffGold
SchiffGold on Instagram: SchiffGoldNews
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!