SchiffRadio Podcast Episode 24

Big News out of the Central Banks

* U.S. FOMC

* Primary concern - inflation is too low
* no policy to "correct" the problem
* Preparing markets for additional stimulus


* Japanese Central Bank Doublespeak

* Japanese sales tax hike postponed
* Continued calls for more inflation
* Why is sales tax is different than inflation?


* Euro Decline

* Mandating "stability" by increasing inflation?


* Chinese Central Bank

* Cut interest rate to 5.6%




* Money flows to the dollar as a hedge because the market believes the Fed
* Gold has not dropped much against the dollar and has risen against other currencies

 

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