If Mortgage Rates Keep Rising Real Estate Prices Will Drop 20 to 30%

Mortgage rates can certainly keep rising. I would not be surprised to see the rate north of 5 percent by the time of Trump`s inauguration and maybe we can be at 6 percent or more early next year. I think we will have a 20 to 30 percent decline in real estate prices if mortgage rates are at 6 percent and what is that going to do to the banks? (Bank of America (BAC), Goldman Sachs (GS), J.P. Morgan (JPM), citigroup (C), Wells Fargo (WFC), Deutsche Bank AG (USA)(NYSE:DB))

Why Does Wall Street Prefer Hillary Clinton?

Why does Wall Street want Hillary Clinton? Because Hillary Clinton continues the status quo that everyone on Wall Street likes. (Goldman Sachs (GS), Morgan Stanley (MS), J.P. Morgan (JPM), Bank of America (BAC), Citigroup (C))

Higher Rates Will Be A Disaster For The Banks

Banks are trading up today because traders believe that higher interest rates are going to be good for the banks. They will not. They will be a disaster for the banks.  (Bank of America (BAC), citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS), Select Sector Financial Select Sector SPDR ETF (XLF))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Markets Are Rolling Over

The markets are rolling over. look at the financials! The European banks, most of these banks are now  not only at 52 week lows, they are at the lowest they have been as far as my charts go back.

Stocks: Bank of America (BAC), citigroup (C), J.P. Morgan (JPM), Deutsche Bank AG (USA)(NYSE:DB), Credit Suisse Group AG (ADR) (NYSE:CS), Barclays PLC (ADR) (NYSE:BCS), Banco Santander, S.A. (ADR) (NYSE:SAN)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Stock Market: Banks (J.P. Morgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC)) & Interest Rates

Any meaningful increase in interest rates is not a positive for the financials. It is just wishful thinking that these financials are going to do well when the Federal Reserve raises interest rates.

Stocks: J.P. Morgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC)

Exchange Traded Fund: Select Sector Financial Select Sector SPDR ETF (XLF)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Markets: Sell-Off In European Banks

These big banks in Europe are lower than they were at their lows in 2008/2009 financial crisis. And the big one is Deutsche Bank AG (NYSE:DB) which had to come out and assure everybody that they do not have any solvency problems which is very reminiscent of Lehman Brothers or Bear Stearns.

Related stocks: Bank of America (BAC), Citigroup (C), Morgan Stanley (MS), Goldman Sachs (GS)


Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Big Banks Are Even More Vulnerable Now

The big banks are even more vulnerable now as they are highly leveraged, says Peter Schiff.

Stocks: Bank of America (BAC), J.P. Morgan (JPM), Wells Fargo (WFC), Citigroup (C)

Stocks Lived By QE. Will They Die Without It?

Related stocks and exchange traded funds: Facebook (FB), Tesla Motors (TSLA), Twitter (TWTR), Netflix (NFLX), Amazon (AMZN), Bank of America (BAC), citigroup (C), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Federal Reserve: QE Has Not Worked!

Related trading instruments: SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), Bank of America (BAC), J.P. Morgan (JPM), Facebook (FB), Netflix (NFLX), Twitter (TWTR), Tesla Motors (TSLA)




















Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Markets Are Forming A Top

I still believe that the stock market is in the process of making a top and will in fact roll over if the Federal Reserve does not come out and take the interest rate hikes off the table and unveils a new round of QE, or reverse the taper. If Yellen does that before the market breaks down than she will avert the bear market. But if she waits until after it breaks down, obviously she will be reacting to it.

But either way, the markets are in the process of forming a top, at least a short term top until the federal Reserve gives in and gives the addicts what they need, wether they need it or not.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), Energy Select Sector SPDR ETF (XLE), Nasdaq 100 Index ETF (QQQ), Bank of America (BAC), J.P. Morgan (JPM), Citigroup (C), Facebook (FB), Netflix (NFLX), Tesla Motors (TSLA), Twitter (TWTR)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The U.S. Economy Will Sink Without QE

I don`t think the economy can sustain itself without QE. Think about how weak the GDP growth has actually been. We have been decelerating because 2013 was below 2012, and 2014 is probably going to be below 2013.

But all those years had QE. So if the economy can barely grow with all the QE, what is going to happen when you take it away?

Related stocks: Bank of America (BAC), citigroup (C), Goldman Sachs (GS), Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Twitter (TWTR)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The U.S. Dollar Rally Will Be Short Lived

I haven`t been bearish on the stock market even though I am bearish on the U.S. Economy. I have been bearish on the on the U.S. Dollar, the dollar has rallied recently but I think that is going to be short lived.

The problem is the Federal Reserve will keep on doing one monetary policy mistake after another, they are going to destroy the value of money which means nominal stock prices have to go up. But don`t confuse that with a vibrant economy.

Related trading instruments:  SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

This Is A Stock Market Rally For The 1 Percent

Despite the fact that the Dow Jones Industrials closed at a record high, you have got 21 year lows in CNBC viewership. Why is that?

I have said this before, this is a stock market rally for the 1 percent!

The average american who was in the stock market during the 1990`s they are too broke to invest in the stock market now. You have some wealthy people that are involved but the vast majority of americans, they are spending their money in the supermarket, not in the stock market.

Related trading instruments: Facebook (FB), Twitter (TWTR), Netflix (NFLX), Tesla Motors (TSLA), Exxon Mobil (XOM), Bank of America (BAC), SPDR Dow Jones Industrial Average ETF (DIA)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.