Powell says he cut rates because of global problems, not because problem here at home. Peter says he thinks that is B.S..
Gold and silver sold off after the rate cut, but have recovered. That is a good sign for the metal bull market.
June Chicago PMI came in at 49.7, and the July Chicago PMI came in at 44.4. Anything under 50 is contraction.
Peter thinks there wont be a deal with China until after the 2020 election.
Peter finishes up with a talk about affirmative action, college debt, and free college for all.
Even though we may not agree with his position on the crypto space, I believe his views on the federal reserve, QE, interest rate manipulation, and the damage these have done to the economy are spot on.
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Thanks
SOURCE:
http://www.SchiffRadio.com
http://www.SchiffGold.com/news
https://www.Goldmoney.com/
I am not affiliated with Peter Schiff, and am posting his podcast and his podcast notes to further raise awareness about his view of where the markets are, and where they may be heading.
Thanks,
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Also I would like to hear your take on what he had to say. Please comment.
