Apr 30, 2015

U.S. Economy: GDP Report Is Even Weaker Than It Seems

If you look beneath the surface of this rather meager GDP number, it gets worse.

Here is number 1: The Deflator. The government always deflates the nominal GDP by the inflation rate because they want to take the inflation out of the numbers to see what is really going on. That is the real GDP. So normally nominal GDP has to be subtracted, you subtract the deflator from your nominal GDP to arrive at your real GDP. Not this time. Because the government assumed inflation was a negative 0.1%. Negative! Meaning that prices dropped. So instead of taking the nominal number and deflating it, they took the nominal number and inflated it!

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

Apr 29, 2015

A Bearish Case For Apple (AAPL)

Apple (AAPL) is basically single handedly powering the entire Nasdaq. All the earnings growth is coming from Apple (AAPL). But of course it is going to be harder over time for Apple (AAPL) to maintain that type of growth and those margins going forward because you have so many companies around the world competing for share in that market.

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

Apr 28, 2015

Economic Data, Stocks & Foreign Exchange

The stock market continues to ignore all of the bad news that is reigning in on the U.S. Economy. The bad news is not being ignored in the forex markets although I do believe that the reaction should be bigger and will be bigger as far as the dollar declining as the economic data continues to disappoint.

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

Apr 27, 2015

Canadian Dollar Outlook

It looks like the Canadian Dollar has in fact bottomed. I have been talking about that for a while. So there could be a very big rally going forward and not only in that currency but in several other currencies as well that are likely going to be experienced "good news" in the form of higher inflation and as a result they are going to be raising their interest rates.

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

Apr 23, 2015

"W" Bottom In The Oil Price

I have been talking about the rebound in oil prices. This week oil prices moved above 57 dollars. It may not sound like a lot, as we were paying 100 dollars a barrel but oil bottomed out at 42. So, percentage wise, that`s a pretty big move. And I think we are forming a very, very sizable "W" bottom in the oil price.

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

Apr 22, 2015

The Consensus On The U.S. Economy Is Wrong

The markets have been volatile but the news again, what little did we have, has been bad. On Monday we got the Chicago Fed National Activity Index and once again everybody was expecting a bounce back because last month the index dropped. It was down 0.11% and the consensus was that it would rebound to +0.15%.

It always seems to be the consensus, I am sure they are looking for a bounce back in April...

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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