This week, the Federal Reserve raised interest rates another 75 basis points despite a second straight quarter of negative GDP growth. Meanwhile, Congress is debating a big government spending bill to “reduce inflation.” In this week’s Friday Gold Wrap podcast, host Mike Maharrey tries to unspin all of the spin and government propaganda to make some sense of what’s going on.
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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.
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the fed is buying the debt, stock market to be propped up.
Mike, this podcast isn't underrated, its way underrated!!! Always learn a lot listening to you. I think the FED will raise interest rates one last time, but it will be reduced to a 25 or 50 basis point hike. Granny Yellen and chairman Pow did a good job of redefining "recession" when they both knew will before the print that it was a negative number, what word "vomit"!!! Best to you Mike.
The ONLY thing the Fed is doing in raising rates is giving themselves some ammo to lower rates when they are forced to admit we are in a recession… or more likely a depression.
If David Cross the comedian was being serious, it would sound like this.
It will never cease to amaze me the lengths people will go to in order to deny what is right in front of them. Big money hedgefunds and crypto companies forgot about 2008 I guess.
The bottom line of course is that people are generally stupid. The politicians are slightly less stupid, plus they're power hungry, which is why the are in charge. The dumb leading the dumber.
I appreciate this podcast. Thanks very much.
This podcast is underrated
Even their laughable attempt at gaslighting the public on the current recession is a joke. The "other" economic indicators they point to as being important in accessing if we are in a recession (not just two quarters of negative GDP) are all negative…. so perhaps the MSM should do a little homework and include those indicators to make them eat their own definition of a recession.
First