SchiffRadio Podcast Episode 2

SchiffRadio Podcast Episode 2 Synopsis



* Economic Data - More weak data

* Purchase applications index declined by 7.2% - biggest decline in 14 years

* Treasury yields slightly up for the week

* Retail sales up - Buying more or paying more?



* auto purchases with cheap money

* inflation not taken into account

* Auto loans increasingly delinquent





* Fed Policy



* I'll admit to being wrong if the Fed raises interest rates back to normal and shrinks its balance sheet back to normal, as promised, and does not produce a financial crisis.





* Interest Rates



* Negative Interest Rates in Japan and in Switzerland





* Inflation



* Paul Krugman says we should be at 4% inflation and a minimum wage of $10.10

* Commentary on Henry Blodgett's inflation comments

* Column from David K. Johnson on how corporations are getting rich by paying taxes





* Employment



* Jobless claims up, indicating a trend change





* The Economy



* Recognizing bubbles ahead of the crisis





* Europe - Poll on Scottish independence

* Social Issues:



* The NBA in the hot seat for racism

* Over-reaction to the Ray Rice story






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