There is a lot of spin out there when it comes to economic news. You get spin from the corporate media, You get spin from government officials. And you get spin from central bankers. In this episode of the Friday Gold Wrap, host Mike Maharrey spins the spin, breaking down the media take on the retail sales numbers and Jerome Powell's spin during a talk this week. Whom should we believe? Listen and decide. You can visit the show notes page here: https://bit.ly/3wzsciy Tune in to the Friday Gold W...
May 20, 2022•26 min
When we got the March CPI data last month, the mainstream crooned that it looked like we were at peak inflation. This was wishful thinking. The April CPI data that came out this week, along with the producer price numbers, indicate that we're still climbing that inflation mountain. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the data and discusses how it could impact the trajectory of Fed monetary policy and the economy. You can visit the show notes page here: h...
May 13, 2022•23 min
The Fed hiked rates 0.5% this week in an effort to stem the inflation tide. But the economy already looks shaky and the central bank has barely started this inflation fight. Friday Gold Wrap host Mike Maharrey breaks down the messaging that came out of the Fed meeting and concludes the central bank is getting closer and closer to a crossroads. What will the central bank do? And what will it mean for the economy? Visit the show notes page here: https://bit.ly/3kNQEqR Tune in to the Friday Gold Wr...
May 06, 2022•23 min
Jerome Powell and other policymakers at the Fed keep telling us they can raise interest rates and slay the inflation dragon because the economy is strong. But these central bankers have a long history of being wrong. And as host Mike Maharrey explains in this episode of the Friday Gold Wrap podcast, the recent GDP numbers undercut this latest Fed narrative. He also talks about a startling confession from the IMF director and Q1 gold demand. You can visit the show notes page here: https://bit.ly/...
Apr 29, 2022•20 min
The Fed faces a real conundrum. Bond yields continue to rise. The only thing that can stop it is a central bank pivot back to rate cuts and quantitative easing. But the Fed needs to raise rates and shrink its balance sheet to fight inflation. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the bond market and Fed's conundrum. He also goes on a little rant about taxes. You can visit the show notes page here: https://bit.ly/3v3G5pK Tune in to the Friday Gold Wrap ea...
Apr 22, 2022•25 min
We got the CPI data for March this week. As expected, prices spiked significantly again last month. A lot of people in the mainstream are calling it "Putin's price hike." Friday Gold Wrap podcast host Mike Maharrey says it would be more appropriate to call it Powell's price hike. In this episode of the podcast, he digs into the CPI data and explains why the blame for high prices is largely misplaced and inflation probably hasn't peaked. Visit the show notes page here: Visit the show notes page h...
Apr 15, 2022•18 min
Earlier this week, Lael Brainard said the Federal Reserve will run off its balance sheet at a considerably more rapid pace than it did last time around. SchiffGold Friday Gold Wrap host Mike Maharrey thinks Brainard and the rest of the Fed officials suffer from delusions of grandeur if they think they can really pull this off. In this episode, he explains exactly why balance sheet reduction is doomed to fail. You can visit the show notes page here: https://bit.ly/3jgtyIL Tune in to the Friday Go...
Apr 08, 2022•22 min
When you change the definition of words, it can create confusion. This is exactly why politicians have worked so hard to change the definition of inflation. As a result, a lot of people are very confused. In this Friday Gold Wrap podcast, host Mike Maharey explains how the meaning of inflation has changed and why it matters. He also talks about signals flashing from the bond and real estate markets. You can visit the show notes page here: https://bit.ly/3uLtshI Tune in to the Friday Gold Wrap ea...
Apr 01, 2022•19 min
The Fed threw a pretty weak first punch at inflation with a quarter-point interest rate hike last week. But Fed Chair Jerome Powell followed up with some tough talk this week. The question is what will he do when the economy punches him in the face? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about Powell's attempt to bully inflation and if it might backfire. You can visit the show notes page here: https://bit.ly/3JGBy1k Tune in to the Friday Gold Wrap each week for...
Mar 25, 2022•21 min
The Fed launched its much-anticipated war on inflation this week. It wasn't much of a first strike. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and what might come next. He also touches on the possibility of a "petroyuan." You can visit the show notes page here: https://bit.ly/3wj86dP 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 comme...
Mar 18, 2022•18 min
We got the February CPI data yesterday. There is some bad news in the report and then there is some really bad news. In this episode, SchiffGold Friday Gold Wrap Host Mike Maharrey breaks it all down. He also talks about gold's rollercoaster ride this week in the context of inflation and the Russia-Ukraine situation. You can visit the show notes page here: https://bit.ly/3t1lC3F 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 ...
Mar 11, 2022•23 min
You're getting less for more every time you pull out your wallet. Inflation is chewing up the average person's paycheck. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the real pain of inflation. He also talks about Jerome Powell's testimony before Congres, the trajectory of monetary policy, the strength of the economy, and he breaks the February jobs report live. You can visit the show notes page here: https://bit.ly/3hFU9hu Tune in to the Friday Gold Wrap each ...
Mar 04, 2022•21 min
You've probably heard people say inflation is being caused by "greedy corporations." They back up this increasingly popular narrative with tales of "excessive corporate profits." In this episode of the Friday Gold Wrap, host Mike Maharrey busts this myth. He also talks about the wild ride in the gold and silver markets after Russia invaded Ukraine. You can visit the show notes page here: https://bit.ly/3M5beQe Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and polit...
Feb 25, 2022•24 min
There was more bad inflation news this week. So, the Fed is about to ramp up the inflation fight, right? Not so fast. In this episode of the Friday Gold Wrap, host Mike Maharrey argues that the central bank isn't set to go to war with inflation because it can't. And he explains how St. Louis Fed President James Bullard let the cat out of the bag. You can visit the show notes page here: https://bit.ly/3gX2rkS Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and politic...
Feb 18, 2022•19 min
The Federal Reserve still seems to be hoping that inflation will just go away on its own or that it can jawbone it down by projecting a few little rate hikes. But the Consumer Price Index data keeps dashing its hopes. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the January CPI and the Fed's proposed "fight" against inflation. He also discusses the demand forecast for silver this year. You can visit the show notes page here: https://bit.ly/3LtRfdk Tune in to the Friday...
Feb 11, 2022•15 min
With little fanfare, the national debt crossed the $30 trillion threshold this week. That is an unfathomable number. And as host Mike Maharrey explains in this week's Friday Gold Wrap podcast, it's worse than that. Most people aren't concerned. Maharrey argues that they should be, likening the federal government's borrow and spend policy to a monetary Jenga game. You can visit the show notes page here: https://bit.ly/3Ht0l81 Tune in to the Friday Gold Wrap each week for a recap of the week’s eco...
Feb 04, 2022•14 min
The Federal Reserve held its first FOMC meeting of 2022. The central bank didn't do anything, but the tone coming out of the meeting was widely perceived as even more "hawkish." Everybody is convinced the Fed really means it now. The inflation fight is on. Is it though? Host Mike Maharrey talks about the messaging and perceptions coming out of this meeting and calls it a big flim-flam. Visit the show notes page here: https://bit.ly/3u8L2h4 Tune in to the Friday Gold Wrap each week for a recap of...
Jan 28, 2022•12 min
It is often said that perception is reality. Politicians spend a tremendous amount of time and energy trying to shape perceptions. So, how does the average American perceive the US economy? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about economic perceptions - both those the politicians are trying to create and those actually held by American consumers. Visit the show notes page here: https://bit.ly/3Ir29yw Tune in to the Friday Gold Wrap each week for a recap of the week...
Jan 21, 2022•18 min
December gave us another big jump in consumer prices. But despite a lot of talk about an inflation war, accommodative monetary policy remains in play. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data, Jerome Powell's Senate testimony, and Joe Biden's plan to fix rising meat prices. That story has a fun plot twist. You can visit the show notes page here: https://bit.ly/33FkSHy Tune in to the Friday Gold Wrap each week for a recap of the week’s economic ...
Jan 14, 2022•17 min
The Federal Reserve released the minutes from the December FOMC meeting this week. They were even more hawkish than expected. That sparked a big taper tantrum in the markets. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey gives an overview of the minutes and then asks seven poignant questions they raise that aren't being asked by the mainstream. Visit the show notes page here: https://bit.ly/33anih4 Tune in to the Friday Gold Wrap each week for a recap of the week’s economic...
Jan 07, 2022•17 min
We're on the cusp of a new year. We certainly had a wild ride in 2021 with continuing coronavirus drama, inflation that turned out to be not so transitory, and a record-breaking stock market bubble. So, what was the biggest story of 2021? Friday Gold Wrap host Mike Maharrey thinks it was a story that wasn't told - the story of real interest rates. He wraps up the year by telling that story. Visit the show notes page here: https://bit.ly/3eBGjeC Tune in to the Friday Gold Wrap each week for a rec...
Dec 31, 2021•16 min
We got more bad inflation news this week as the Federal Reserve wrapped up its final FOMC meeting of the year. Supposedly, the central bank has launched its war on inflation. Has it though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about inflation and the Fed meeting and explains why it looks more like the Fed is taking a pea shooter into a bazooka fight. You can visit the show notes page here: https://bit.ly/3q27LHW Tune in to the Friday Gold Wrap each week for a...
Dec 17, 2021•16 min
Pretty much everybody now expects the Federal Reserve to go to war against inflation, but the central bank has a problem not many people seem to be talking about - an economy buried under debt. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about consumer debt levels and their ramifications. He also discusses central bank gold-buying and breaks the November CPI data live. You can visit the show notes page here: https://bit.ly/33kgfCv Tune in to the Friday Gold Wrap eac...
Dec 10, 2021•19 min
After President Biden announced he was reappointing Jerome Powell for a second term as Federal Reserve Chairman, Powell went hawkish, saying it's time to retire the word "transitory" when it comes to inflation and talking about speeding up the taper. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Powell transformation and questions whether a dove can really change his feathers. You can visit the show notes page here: https://bit.ly/3ElNgfb Tune in to the Frid...
Dec 03, 2021•17 min
Earlier this week, President Joe Biden announced Jerome Powell will serve a second term as chair of the Federal Reserve. In effect, Biden stuck with the status quo. But the markets reacted as if big changes are afoot. Gold sold off hard, falling back below $1,800 an ounce. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about Powell's appointment and the market's reaction to it. You can visit the show notes page here: https://bit.ly/30W9GW1 Tune in to the Friday Gold Wr...
Nov 26, 2021•14 min
The retail sales numbers for October came in even better than expected. The mainstream reported this as fantastic news -- proof that the economy is booming. Meanwhile, Janet Yellen went on national TV and put a new spin on the transitory inflation narrative. In this week's Friday Gold Wrap, host Mike Maharrey explains why you shouldn't fall for all this mainstream and government spin. You can visit the show notes page here: https://bit.ly/30F3qlk Tune in to the Friday Gold Wrap each week for a r...
Nov 19, 2021•16 min
The October Consumer Price Index data came out this week. They expected it to come in hot. But not this hot. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI numbers, along with another inflation index that looks even worse, and he wonders out loud how anybody can still buy into this "transitory" inflation narrative. You can visit the show notes page here: https://bit.ly/3C5qJkF Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and ...
Nov 12, 2021•15 min
The Federal Reserve wrapped up its FOMC meeting on Wednesday and finally announced the much-anticipated QE taper. The Fed will cut its bond-buying program by about $15 billion a month. But so what? In this episode of the Friday Gold Wrap, host Mike Maharrey digs into the Fed announcement and raises some very important questions. You can visit the show notes page here: https://bit.ly/3bOCfpO Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it rela...
Nov 05, 2021•16 min
Is inflation transitory, as Federal Reserve Jerome Powell has claimed for months? Or are we on the verge of hyperinflation, as Twitter CEO Jack Dorsey recently warned? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks inflation, digs into the data, and concludes that it's pretty clear we're in an inflationary spiral. You can visit the show notes page here: https://bit.ly/3CGepZz Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political new...
Oct 29, 2021•16 min
In this episode of the Friday Gold Wrap podcast, host Mike Maharrey answers listener questions. Some of the topics covered include bitcoin, fractional reserve banking, the silver/gold ratio, gold as a safe haven, precious metals in a crisis, and more. You can visit the show notes page here: https://bit.ly/3Gkw6jw 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. For more informa...
Oct 22, 2021•26 min
