Economy Is Barreling Toward Stagflation: SchiffGold Friday Gold Wrap For Friday, April 26 -

Economy Is Barreling Toward Stagflation: SchiffGold Friday Gold Wrap For Friday, April 26

Apr 26, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashJD and Joel unpack Peter’s latest podcast and the economy’s current path toward stagflation. We look at this week’s price action, macroeconomic data, and a quote from Jordan Peterson.OTHER TOPICS DISCUSSED

Gold is trading at $2,337 (up $55 since this time last week)
Silver is trading at $27.20 (down about 5% on the week)
CME Fedwatch tool slates the Fed to lower rates first in November
Q1 GDP came out at just 1.6% (versus the expected 2.2%)
Core PCE (year-over-year) came out higher than expected at 2.8%

Quote of the week from Jordan Peterson:

If you run from the things you are afraid of, you run from exactly what you need to find. Dragons hoard gold because the thing you most need is always to be found where you least want to look.”

Video Length: 00:08:51More By This Author:If 10-Year Yields Surpass 5%, Say Hello To QE (And Massive Inflation)California’s New Minimum Wage: A Cure That Exacerbates The Sickness Money Supply Sees Major Jump In Recent Weeks