Is This A 2007 Redux?

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There is a growing consensus that the Federal Reserve can successfully slay price inflation and bring the economy to a soft landing. After all, the economy appears to be chugging along. But in this Friday Gold Wrap, I explain, there are a lot of things bubbling under the surface that should temper that optimism. In fact, what we’re seeing today looks a lot like 2007.

Topics Discussed

• A tough few weeks for gold
• This looks eerily similar to the 2007
• Banks still borrowing billions from Fed bailout program
• The US government spent more on interest payments than national defense in July
• Another gut punch for the US dollar

Video Length: 00:37:15

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