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That’s One Heck of a Drug! SchiffGold Friday Gold Wrap Dec. 22, 2023


  by SchiffGold  0   0

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.

TOPICS DISCUSSED

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.

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You Can Also Listen on SoundCloud

SHOW NOTES

Peter Schiff: Fed Tries to Temper Rate Cut Enthusiasm

The World Is Sitting on a Powder Keg of Debt

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