When it comes to economic data, context matters. In this episode of the Friday Gold Wrap, host Mike Maharrey explains how the Fed, many mainstream economists, and financial network talking heads get a lot wrong because of bad data, shoddy economic frameworks, and ignorance of history. Along the way, he covers the GDP and the latest price action for gold.
TOPICS DISCUSSED
- Economic data needs economic context
- Some common sense would be nice
- How the CPI formula understates healthcare costs
- Q3 GDP comes in strong
- Is the consumer really “resilient?
- Comparing 2007 with today
- Gold knocks on the door of $2,000
- Chinese gold demand is hot
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.
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.
LISTEN
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SHOW NOTES
Why Do We Say the CPI Understates Price Inflation?
Peter Schiff: This Is the Most Obvious Financial Crisis That Nobody Sees Coming
Are the Chinese Selling Dollars to Buy Gold?
Chinese Gold Demand Shows Strong Growth Through First Nine Months of 2023
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Originally Posted at schiffgold.com