Authored by Mac Slavo via SHTFplan.com,
According to Peter Schiff, the chief global strategist at Euro Pacific Capital, it was a “huge mistake” for the Federal Reserve to cut interest rates last month.
Peter Schiffに言わせると、彼はEuro Pacific Capitalの主任グローバルストラテジストだが、先月のFEDによる金利引下げは「大きな間違い」だった。
Schiff says there is no way for the Federal Reserve to stops the United States from going into a recession.
Schiffによれば、もはやFEDは米国景気後退を止めれない。
“They never should have taken rates to zero in 2008 and held them there for 7 years,”the veteran economic analyst told RT. “Zero
interest rates and quantitative easing have created problems in our
economy that will take generations to fix. However, the healing will
never get underway if the Fed goes right back to zero (which is where they are headed).”
According to Schiff, it’s impossible to build a viable economy on the
back of artificially low interest rates. “All it accomplishes it to
push up asset prices, creating bubbles and malinvestments that hurt the
economy. Relying on low interest rates for growth makes it certain that recessions will ensue when monetary policy tightens,” he added.
“the Fed is not causing the recession; they are just unable to delay it any longer.”
「FEDが景気後退のげんいんではない;彼らがもう先延ばしを出来ないということだ。」
Unfortunately, if interest rates are “allowed” to rise organically to
levels that reflect a healthy economy, the interest payments on
government debt will sink the government and that’s exactly why
President Donald Trump is desperate for artificially low interest rates.
Schiff has commented on a coming recession often, saying if it hits
before the 2020 election, Trump will have no chance of winning. Schiff
also said that “We’re Not Borrowing Ourselves Rich, We’re Borrowing Ourselves BROKE!” Meaning he sees a problem in the debt accumulation among the average American household. It
now takes a lot of debt to stay in the middle class, and the political
class isn’t setting a good example by being good with the money they
steal from everyone else. Schiffは何度もこれからの景気後退に言及する、2020年の選挙前に景気後退入りすると、トランプに勝ち目はないだろう。Schillはまたこういう、「我々は借金で豊かになるわけではない、借金で破綻しようとしている!」彼は平均的米国家計債務の問題を指摘している。いまや中産階級が多額の債務を抱えており、他人から奪った金で良い暮らしをするというのは、政治階級としてまともじゃない。
Schiff puts the GDP numbers into perspective, and considering the
debt load the U.S. economy is burdened with, the outlook isn’t all that
rosy. And of course, it’s not just government debt. Household debt is also at record levels and as Schiff says, “We’re not richer because of this economic growth.” SchiffはGDPの見通しにも言及する、債務負荷を考えると米国経済の返済日無で経済見通しはバラ色ではない。そして当然、それは政府債務だけではない。家計債務も記録的レベルに達して入る、とSchiffは言う、「この経済成長でも我々は豊かになっていない」。
“So, we had to add a lot more debt in 2018 to buy not as much growth
as a much smaller amount of debt in 2005. So, the takeaway from that is
this is unsustainable because the growth came at a heavy cost. We had to
increase the amount of debt that we had by a lot more than the
percentage that the economy grew.”
“If your debt is growing faster than your economy, then you’re not
getting richer. You’re getting poorer. You would have been better off
without the debt and without the growth … We’re borrowing ourselves into poverty. We’re not borrowing ourselves rich. We’re borrowing ourselves broke.“-Peter Schiff, via Seeking Alpha
「自らの収入よりも債務増加が多いなら、豊かになれるわけがない。貧しくなるだけだ。成長がなくとも借金がなければミンさんはもっと良い暮らしができるはずだ・・・我々は借金することで貧困化している。借金で豊かになっているわけではない。借金で破滅に向かっている。」Peter Schiff, via Seeking Alpha
C&I Loans Enter The Danger Zone by Tyler Durden Thu, 03/14/2019 - 15:55 Authored by Jesse Colombo via RealInvestmentAdvice.com, Commercial and industrial (C&I) loan activity is watched closely by economists to gauge the strength of the economy and estimate where we are in the business cycle. C&I loans are used to finance capital expenditures or increase the borrower’s working capital. The C&I loan cycle often takes up to a couple of years to turn positive after a recession, but provides even more confirmation that an economic expansion is underway. For example, the U.S. Great Recession officially ended in June 2009, but the C&I loan cycle didn’t turn positive until late-2010. C&I loans also help to wa...
Mish: Gold Hits New Record High And There's More To Come by Tyler Durden Mon, 07/27/2020 - 10:10 Twitter Facebook Reddit Email Print Authored by Mike Shedlock via MishTalk, Gold futures just touched $1928 taking out the Intraday high of $1923.70 in 2011. ゴールド先物が$1928になり、2011年の日中高値$1923.70を超えた。 11-Week Run 11週連続上昇 Gold is on a huge 11-week run. The last time gold did that was at the 2011 high. ゴールドはなんと11週連続で上昇だ。前回の新高値は2011年のことだった。 Is a pullback in order? A Gold COT chart says otherwise. 通常の引き戻しが待ち構えているだろうか? ゴールドのCoTチャートを見るとそうでもなさそうだ。 Gold COT Chart ゴールドCoTチャート Understanding Futures 先物市場を読み解く In the futures world there is a short for every long. 先物市場ではどのロングにもショートが対応している。 The first horizontal box has Large Specs, Small Specs, and Commercials. This is It's Old COT reporting. この図の下部、最初の横長い箱に示すのは Large Specs、Small Specs、そしてCommercialsのポジションだ。このチャートは従来からのCoT...