As The New Year Begins, Will The Recovery End? – Ep. 40
- Author
- Peter Schiff
- Published
- Sun 04 Jan 2015
- Episode Link
- https://schiffradio.com/new-year-begins-will-recovery-end/?utm_source=rss&utm_medium=rss&utm_campaign=new-year-begins-will-recovery-end
* Falling unemployment trends seem to be over
* PMI "unexpectedly" drops to 53.9%
* Construction spending "unexpectedly" fell .3%
* December ISM fell to 55.5
* Draghi's comments at ECB sparked U.S. Dollar rally despite weak data
* Eurozone QE not likely
* 2014 was a flat year for gold, despite bad press
* Dollar price based on higher interest rate expectations
* Price of gold has tripled since 2005
* Gold mining costs rise with inflation
* The real bubble is the confidence in central bankers
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