Thursday, March 2, 2023

The ECB Made An Error

"In 2018 the official inflation rate in the Eurozone was 1.74%. But the European Central Bank (ECB) thought 1.74% was too far below its mandate of inflation close to, but below 2%. So the European Central Bank (ECB) held the deposit rate at -.4% and continued a massive QE program to lift the rate closer to 2%. Now it's 8.4%!"

-- Peter Schiff

Wednesday, February 15, 2023

The End Of Desinflation

"Perhaps today's hotter than expected inflation data will be a wakeup call to investors that the CPI improvements in recent months were transitory. The 6.4 percent year-on-year rise in January CPI was two basis points above expectations and may mark the trough in year-on-year inflation rates and the end of disinflation."

-- Peter Schiff

Friday, January 27, 2023

China’s Negative Population Growth

For many years China had the one child program. They could only have one baby and it was in force so most people did not have enough children to replace the population and now they're paying the price for it.

Of course as any population ages, some people die if you're not not having new people, your population is going to decline. 

It's not been a very prosperous year for the world so it's normal that people don't have many babies when things are having economic problems.

Tuesday, December 20, 2022

Fed Policy Is Bringing The Economy & Asset Prices Down

While Federal Reserve policy is succeeding in bringing down the economy and asset prices, it's not succeeding in bringing inflation back down to 2 percent. Long before that happens, both the economy and financial markets will get even weaker, causing the Federal Reserve to make another mistake by pivoting.

-- Peter D. Schiff, economist

Rules of Investing

Most successful investors, in fact, do nothing most of the time.
— Jim Rogers

The price of a commodity will never go to zero. When you invest in commodities futures, you are not buying a piece of paper that says you own an intangible of the company that can go bankrupt.
— Jim Rogers

One of the best rules anybody can learn about investing is to do nothing absolutely nothing unless there is something to do. 
— Jim Rogers

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