Mar 31, 2014

Economic Weakness & The Weather Excuse

The news is bad. It`s not because of the cold weather, it`s because of the chill in the economy that is only going to get worse. The economic data is going to get colder and colder and it does not matter what happens to the weather.

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

Oil & Gas Portfolios

You compare the dividend yields, the interest income that you get on bonds, compared to the cash flows that you can get on oil and gas investments. You get much more income on those portfolios and I think personally it is better because you have the inflation hedge, even though you have more volatility, you trade the volatility.

What is the dollar going to be worth in the next 5 or 10 years? I have no idea. Maybe its going to be worth anything. But I am very confident that oil will have value. The world is not going to stop using oil, as much as these environmentalists in their fantasies want to see the entire planet powered by wind or by solar. It will not happen. I mean, maybe in 100 years but it is not going to happen in the next 5 or 10 years.

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

Mar 30, 2014

U.S. Banks: Not Enough Stress in The Tests

There is not enough stress in these tests because they don`t test what is really going to go on. Nobody tests a weak economy and a big spike in interest rates at the same time. The Federal Reserve always assumes that if the economy is weak, interest rates are going to be low and the only way they assume rate hikes is if its a vibrant economy which lifts asset values and makes it easier for people to repay their debts. But they don`t have a stress test that stresses a big drop in the stock market and the real estate market and in the bond market. That we have a repeat of the stagflation of the 1970`s. That is what I think its coming, except even worse than in the 1970`s.

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

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

Bullish On Energy Investing

I am a big believer in energy investing and we own a lot of oil companies around the world and we are actually investing privately here in the United States.

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

Mar 28, 2014

Markets: I Think They Have Already Peaked

The bubbles are already there, the only question is are they going to get any bigger or are they already in the process of deflating? I believe that if the Federal Reserve continues tapering they are already deflating. I do not think it is going to be like in 2004 to 2006 where the markets kept going higher while the Federal Reserve was raising interest rates very slowly.

I think that if the Federal Reserve continues on this taper path and if the Fed raises interest rates I think the markets are just going down. I think they have already peaked.

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

Crude Oil Is Going to 150-200 Dollars

I think you are going to see 150 to 200 dollars oil, maybe even this year. Certainly by 2015, 2016. I think that if we successfully alienate  Russia and we see more Russian oil going to China, meaning that Europe and the U.S. will become even more reliant on the unstable supplies coming out of the middle east as we drive all this Russian oil into China.

Russia is the biggest oil exporter. They export more oil than Saudi Arabia. Prices are going to go even higher for us and so domestic oil in the U.S. is going to be a lot more valuable.

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

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