Why Peter Schiff Is Embracing The Fiscal Cliff
The fiscal cliff has been the chief worry of the U.S. economy as of late, as the uncertainty looming has created a volatile marketplace. Each political party has their own ideas on how to move forward, and the same can be said of individual analysts and experts. Famed gold bug Peter Schiff is no stranger to speaking his mind on the economy and what he thinks is the best course of action for the United States. And his most recent comments fall in line with his knack for bold and brash statements [for more economic news and analysis subscribe to our free newsletter].
Faber Eyes Rally In Greenback
Marc Faber is usually known for his grim predictions, earning him the moniker “Dr. Doom”; a name he shares with Nouriel Roubini. The doctor has laid out a number of predictions in the past few years with his more recent jabs directed at sluggish growth in major Asian nations like China. But it seems that even Faber gets tired of a curmudgeon-like attitude, as one of his more recent predictions actually benefits the U.S. dollar [for more news and analysis on the dollar subscribe to our free newsletter].
Hot Off the Press: Fed to Print $470 Billion in 2013
All of the worry about inflation and the Fed’s ability to control it has put this organization under the microscope. Markets react to their every move, and investors take cues from Bernanke for how they should position themselves. The Fed recently released its printing plans for 2013 to the effect of how much physical currency they will be printing and in what denominations. NPR has a great infographic for anyone interested in a visual representation [for more economic news and analysis subscribe to our free newsletter].
Bernanke Fires Back at QE Critics
After the announcement of a third quantitative easing program, critics were quick to point out the flaws and inevitable downfalls of Bernanke’s plan, Commodity HQ included. The main complaints have been that the consistent money printing will eventually lead to hefty inflation and a weak dollar. Others feel that QE is simply propping up the economy and when the asset purchasing is stopped, the economy will suffer a major blow. Though Bernanke has been quiet since the announcement of the open-ended easing, he has since publicly reached out to decry the criticisms from analysts around the nation [for more economic news and analysis subscribe to our free newsletter].
Bernanke’s Hints Could Send Commodities Soaring
If history has been any indicator, when Ben Bernanke speaks, markets go wild. As if last week’s heavy trades weren’t enough to confirm that theory, there is even more evidence correlating to Bernanke’s speeches and movements in the U.S. dollar. Specifically, Bernanke’s mentions and hints of quantitative easing tend to have a dramatic impact on the dollar, as the previous two programs have established a trend that may send commodities soaring in the short term [see also Four Commodities To Buy Before Roubini’s “Perfect Storm”].
Precious Metals Roundup: Gold Leads, Silver Lags
Last week saw no shortage of activity in global equity markets–not by a long shot. Greece once again dominated the headlines, as a back-and-forth plan for a referendum took markets by surprise on multiple times throughout the week, ultimately ending with a plan that seemed to point to Greece’s continued inclusion in the currency bloc. The ongoing debt saga in Europe distracted investors in part from an abundance of activity on the domestic front, including another major bankruptcy and a long-awaited IPO to close out the week.
