David Brancaccio

It's a Marketplace Morning Report from APM, American Public Media.

That bracelet on your wrist just shrunk in value in recent days.

I'm David Brancaccio.

After a surge in the price of precious metals last month, there was a crash with the price of silver now down 24% over five days.

Let's consult economist Julia Coronado, founder and president of Macro Policy Perspectives.

Hiya.

Good morning.

Let's first talk about commodities here.

Did you see the price of silver went off a cliff last week?

Gold down, little blips upward this morning.

But what ails this market after such a boom?

Also, apparently some of the volatility we're seeing more widely, for instance, in some of the stock prices are market players trying to parse the nomination of Kevin Warsh to be the next head of the Federal Reserve.

I mean all the –

marketing on Mr. Warsh is that he wants to bring interest rates down the way the president wants to.

But when you look at his track record, you see something different, Julia?

Now, briefly, Friday, we get the big hiring and unemployment reports, but also the revisions.

Give me a sense.

Economist Julia Coronado is also a professor at the University of Texas, Austin.

Thank you.

My pleasure.