Jul 18, 2018

The Economy Is Going To Fall Into a Severe Recession

Peter Schiff: "I think the economy is going to fall into a severe recession."

Jul 16, 2018

Markets: Interest Rates, Federal Reserve

The Federal Reserve is raising interest rates and the higher rates are going to be problematic even more so now than they were back then because we have a lot more debt. But I don't think they will succeed in raising rates as high as they did before. I think the tipping point is going to come much lower if it hasn't already come.

I do think that they're gonna abort these interest rate hikes much sooner than people think. Potentially they could use the trade war and it's unexpected negative effect on the economy as the excuse to do what they were gonna do anyway, which is  to call the whole cycle off and start cutting interest rates again and going back to quantitative easing. That's where we're headed.

Jul 10, 2018

The Perfect Excuse For The Federal Reserve

What's gonna happen as a result of the tariffs in the trade war and again this is a perfect excuse for the Federal Reserve I mean this is like a gift from heaven because now when the Federal Reserve has to cut interest rates, the Federal Reserve has to do QE 4. 

They can just blame it all on the tariffs on the trade war they could say everything was great, we were going to normalize interest rates, we were going to shrink our balance sheet but Trump went and started a trade war and it unexpectedly sent us into recession. So now we've got to cut interest rates again and do QE 4. 

They were gonna do that anyway whether or not we had the trade war, whether or not we had any of these tariffs but now this gives them a perfect excuse to blame something on which they had no control.

Jun 26, 2018

Gold: The Last Safe Haven Standing

Even though gold has made a move down with the breakout in the dollar – or the move up in the dollar – I think that’s the last safe haven standing. I mean, once you run out of safe havens, where are your going to go? That’s where people are heading because nobody is looking there now. People don’t even think they need a safe haven. In fact, I don’t even know if money is moving based on a search for a safe haven. It’s just going where the momentum is.

Jun 25, 2018

Most Banks Would Fail A Stagflation Stress Test


Peter Schiff explains in this podcast why most US banks would fail a stress test in a stagflation scenario.

Jun 20, 2018

Markets: Trade War, Small Caps

Traders have convinced themselves that America is going to win a trade war or at least take the fewest casualties because the reason that the Russell 2000 is doing better than the Dow or the S&P; is that you don't have the multinationals. And the theory is that the domestic economy can easily weather the trade war. That it's no big deal, that trade is a small part of the US economy and so we got nothing to worry about but if you are worried well maybe worry about the multinationals that stand to lose so just focus on all these small companies that are just benefitting and basking in the glow of the greatest economy in the history of the world. If you don't believe it just ask President Trump and he will tell you. But this is all a bunch of nonsense and the nonsense continues to drive the dollar higher.