Peter Schiff Warns “Americans Are In For A Rude Awakening”

March 30, 2020@1:52 PM TFP Editor 0

Peter Schiff Warns “Americans Are In For A Rude Awakening” Via SchiffGold.com, All eyes have been on the stock market in recent weeks as it has reflected the fears about the coronavirus-induced economic shutdown and the hopes of massive stimulus. It’s been quite a rollercoaster ride. But in his podcast on March 27, Peter Schiff said there’s an even bigger problem looming on the horizon that people aren’t paying any attention to – the potential destruction of the dollar. He said Americans are in for [Read More]

Jim Grant Warns Fed’s ‘All-In’ Actions Are A “Clear-And-Present-Danger” To US Creditors

March 30, 2020@1:05 PM TFP Editor 0

Jim Grant Warns Fed’s ‘All-In’ Actions Are A “Clear-And-Present-Danger” To US Creditors In a veritable treatise on all that was wrong with The Fed’s actions, Jim Grant – founder and editor of Grant’s Interest Rate Observer – was somehow allowed nine minutes on CNBC’s Squawk Box to put America straight on what we are facing and the consequences of these unelected and unaccountable officials terrifying experiments. Grant began by slamming Jay Powell’s seemingly blinkered proclamation that “he sees no prospective consequences with regard the purchasing [Read More]

Fed’s Kashkari Goes Full-On God-Complex, Lectures “This Is Not The Time To Worry About Moral Hazard”

March 30, 2020@12:35 PM TFP Editor 0

Fed’s Kashkari Goes Full-On God-Complex, Lectures “This Is Not The Time To Worry About Moral Hazard” Neel Kashkari, famous for coming out several days ago and giving one of the most bizarre 60 Minutes interviews of all time (an interview in which he claimed that the Fed had “infinite” cash) is now out giving life-lessons about when and how the American people should be worrying about moral hazard. In an op-ed written late last week in the Washington Post, Kashkari made his argument that throwing [Read More]

2008 Playbook: Unknown Unknowns

March 30, 2020@12:20 PM TFP Editor 0

2008 Playbook: Unknown Unknowns Submitted by Nick Colas of DataTrek Research While Donald Rumsfeld may not be one’s go-to guy for decision making paradigms, his 2002 mention of “unknown unknowns” is worth considering just now as an investment framework. The idea here is that we all make judgments based on a tripartite spectrum of available information. Specifically: Known knowns (entirely baked into asset prices): COVID-19 both spreads easily and is sufficiently harmful to require countries to limit economic activity dramatically in order to contain the [Read More]