SchiffRadio Podcast Episode 2 Synopsis
* Economic Data - More weak data
* Purchase applications index declined by 7.2% - biggest decline in 14 years
* Treasury yields slightly up for the week
* Retail sales up - Buying more or paying more?
* auto purchases with cheap money
* inflation not taken into account
* Auto loans increasingly delinquent
* Fed Policy
* I'll admit to being wrong if the Fed raises interest rates back to normal and shrinks its balance sheet back to normal, as promised, and does not produce a financial crisis.
* Interest Rates
* Negative Interest Rates in Japan and in Switzerland
* Inflation
* Paul Krugman says we should be at 4% inflation and a minimum wage of $10.10
* Commentary on Henry Blodgett's inflation comments
* Column from David K. Johnson on how corporations are getting rich by paying taxes
* Employment
* Jobless claims up, indicating a trend change
* The Economy
* Recognizing bubbles ahead of the crisis
* Europe - Poll on Scottish independence
* Social Issues:
* The NBA in the hot seat for racism
* Over-reaction to the Ray Rice story
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