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.
Sep 16, 2014
The Federal Reserve Will Soon Be Printing More Money
What is the Federal Reserve going to do if the economy or the economic recovery is in jeopardy or if in fact we are back into recession?
And that is: print more money, more Quantitative Easing (QE). The opposite of what everybody seems to be expecting.
Related trading instruments: Energy Select Sector SPDR ETF (XLE), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
And that is: print more money, more Quantitative Easing (QE). The opposite of what everybody seems to be expecting.
Related trading instruments: Energy Select Sector SPDR ETF (XLE), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 15, 2014
Market Outlook: Forex Markets, Interest Rates
Related trading instruments: Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), Barrick Gold (ABX), Goldcorp (GG)
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: A New Round of QE That Will Make The Europeans Blush
We have just inflated another bubble and the air is already going back out. And the Federal Reserve knows this bubble is too big to pop because the financial crisis that would follow would make 2008 look like a Sunday school picnic.
So they are getting ready to blow as much air into this bubble as they can and so they will launch a new round of QE that will make the Europeans and the Japanese blush.
Related trading instruments: S&P 500 Index ETF (SPY), Energy Select Sector SPDR ETF (XLE), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
So they are getting ready to blow as much air into this bubble as they can and so they will launch a new round of QE that will make the Europeans and the Japanese blush.
Related trading instruments: S&P 500 Index ETF (SPY), Energy Select Sector SPDR ETF (XLE), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 12, 2014
Federal Reserve: What The Next Move Will Be
Interest rates have been too low for too long, that is a big problem. But unfortunately they are not going to be raised anytime soon and ultimately when interest rates do go up, its not because the Federal Reserve wants them to go up, but because they have no choice. But I think the next thing the Fed is going to do is to launch an even bigger round of QE then the one they are tapering off from. Because the U.S. Economy is not recovering, we are slipping back into recession. If the Fed does not know that, it will by the end of the year and it will have to reverse policy.
Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), iShares MSCI Emerging Markets Index ETF (EEM)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), iShares MSCI Emerging Markets Index ETF (EEM)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Central Banks Have It All Wrong On Inflation
Related trading instruments: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Newmont Mining (NEM), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), Goldcorp (GG), NovaGold (NG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 11, 2014
Gold Market Outlook
Related trading instruments: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 10, 2014
Foreign Stocks Will Continue To Outperform
This has not been a great year for U.S. stocks. Some stocks have done well, but some stocks have been taken under the woodshed and shot. It all depends on the ones that you own.
And of course, international markets, foreign markets have way outperformed the U.S. thus far in 2014. These are the markets I am concentrating in, the ones we are investing in. So, the international markets are doing a lot better and that is not a story that is really being told too much in the mainstream media, but that is the case. And I believe that will continue to be the case not only for the balance of 2014 but for the balance of the decade.
Related trading instruments: iShares MSCI Emerging Markets Index ETF (EEM), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
And of course, international markets, foreign markets have way outperformed the U.S. thus far in 2014. These are the markets I am concentrating in, the ones we are investing in. So, the international markets are doing a lot better and that is not a story that is really being told too much in the mainstream media, but that is the case. And I believe that will continue to be the case not only for the balance of 2014 but for the balance of the decade.
Related trading instruments: iShares MSCI Emerging Markets Index ETF (EEM), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 9, 2014
The U.S. Dollar Is Going Down Against The Euro
Long term the U.S. Dollar is going down against the Euro currency. Why people are so optimistic on the dollar is because they assume that while the ECB (European Central Bank) is easing, our Federal Reserve is going to be tightening. What they don`t know is while the ECB is easing , our Fed is going to be easing even more.Whatever QE is going to happen in Europe its going to be happening bigger in the United States. So, all this talk about a tighter Federal Reserve, shrinking the balance sheet, raising rates is a bunch of talk. What`s actually going to happen is going to be the opposite.
Related trading instruments: EURUSD forex cross, Globex EUR Futures, Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related trading instruments: EURUSD forex cross, Globex EUR Futures, Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 8, 2014
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.
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.
U.S. Economy: The Jobs Situation Is Going To Get Lot Worse
The jobs situation is much, much worse than the numbers suggest and I think its going to get a lot worse!
Related trading instruments: SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), 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.
Related trading instruments: SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), 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.
Employment Report: Lowest Job Creation Of The Year!
The lowest estimate on Wall Street was 190,000 jobs. That`s the lowest that anybody went. The highest, I think some guy was at 310,000 jobs for August. The consensus was around 230,000 jobs.
We actually created 142,000 jobs. That`s it. That is the lowest job creation of the year!
Related trading instruments: 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.
We actually created 142,000 jobs. That`s it. That is the lowest job creation of the year!
Related trading instruments: 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.
Sep 7, 2014
Stock Market Outlook
Related trading instruments: Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA), Netflix (NFLX), SPDR S&P 500 Index ETF (SPY), 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.
Sep 5, 2014
Automation Is A Positive Thing
Related stocks: Amazon.com (AMZN), Google (GOOG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 4, 2014
International Tensions May Even Be Bullish For Stocks
Related trading vehicles: Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 3, 2014
Housing Market: No Real Buyers
Related stocks: Lennar Corporation (LEN), SPDR S&P Homebuilders ETF (XHB), KB Home (KBH), Pulte Group (PHM), Home Depot (HD)
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: The Biggest Risk
Related trading instruments: EURUSD forex cross, USDJPY forex cross, USDCAD forex cross, SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), 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.
Sep 2, 2014
The Stock Market Wants Cheap Money
Related ETFs: SPDR Gold Trust ETF (GLD), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY)
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: The Excuse The Fed Needs To Postpone The Taper
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), 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.
Video: Ron Paul on The Peter Schiff Show
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 29, 2014
Deflation Is Not Dangerous
Deflation is not dangerous. Falling food prices provide a buffer in a weak economy. Less government and more productivity, not inflation, are the answer.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 27, 2014
Stocks Are In A Bubble But Can Go Even Higher
I say that stocks are in a bubble, but the bubble is going to continue to inflate. We are not buying the stocks that comprise the bubble.
Most of the stocks that we invest in are abroad, they are mostly value stocks with very low P/E`s and high dividend yields and to the extent that we do invest in the United States, its in the value part of the spectrum.
We are not chasing the momentum. Even though, I acknowledge that these momentum stocks could keep going up. Since I don`t know how to time the market, I don`t know when the bubble is going to burst, I have been telling my clients to avoid these stocks even though I think they are going to go up, avoid them and invest more prudently.
Related stocks: Tesla Motors (TSLA), Facebook (FB), Twitter (TWTR), Netflix (NFLX), Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Most of the stocks that we invest in are abroad, they are mostly value stocks with very low P/E`s and high dividend yields and to the extent that we do invest in the United States, its in the value part of the spectrum.
We are not chasing the momentum. Even though, I acknowledge that these momentum stocks could keep going up. Since I don`t know how to time the market, I don`t know when the bubble is going to burst, I have been telling my clients to avoid these stocks even though I think they are going to go up, avoid them and invest more prudently.
Related stocks: Tesla Motors (TSLA), Facebook (FB), Twitter (TWTR), Netflix (NFLX), Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 25, 2014
Gold & Well Established Companies
We don`t just tell people to buy gold. I tell people that they should own gold, they should own some gold, but most of the money that we manage is not in gold, its in equities, its in stocks. So, some of it is in some of the cutting edge type companies, but the majority of it is in older established companies that have been around for 50, 100 years that are providing goods and services that we know are going to be in demand so we can have some assurance in the longevity of the company and on the validity of the dividends that they are able to pay.
Related instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 22, 2014
Crypto Currencies: Too Late To Get Involved
I am not a big fan of the crypto currencies. I think there will be a lot more losses. Certainly people that got in early, that got in years ago, are cashing out and they made a good amount of money, getting in early. I don`t think you are getting in early now.
There are people who believe that it will go a lot higher though, but my gut feeling is that it`S not going to be the case.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
There are people who believe that it will go a lot higher though, but my gut feeling is that it`S not going to be the case.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 21, 2014
U.S. Dollar Outlook: It`s Going Down
I think it is going down. I mean, it`s not only going down against gold, which is clear, but its going to go down against other fiat currencies.
So you have to be very careful about any investments when your returns are going to be in dollars because you don`t really know what the dollar is going to be worth.
Related trading instruments: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
So you have to be very careful about any investments when your returns are going to be in dollars because you don`t really know what the dollar is going to be worth.
Related trading instruments: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
New Technologies & Investing Opportunities
Topics: Digital Currencies, Gold, Bitcoin, 3D Printing
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 20, 2014
The Best Hedge For A Stock Market Crash
Don't trust the financial media – physical gold could be the best hedge against a stock market crash.
Related trading instruments: Nymex Gold Futures, SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related trading instruments: Nymex Gold Futures, SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 19, 2014
China Is Buying Gold On The Quiet
That is why China is trying to really lie about how much gold it has and how much it has been buying. Because if the truth was out there of how much gold they have, I think the price would already go up. If you really want to buy something, you do not want people to know how badly you want it or how much you want, because they are going to raise the price.
China is quietly trying to buy as much gold as they can because they need a lot of gold because they have a lot of U.S. Dollars. So they are trying to buy as much as they can, as cheaply as they can.
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
China is quietly trying to buy as much gold as they can because they need a lot of gold because they have a lot of U.S. Dollars. So they are trying to buy as much as they can, as cheaply as they can.
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 18, 2014
What To Do When U.S. Stocks Start Blowing Up
Related stocks and ETFs: Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 15, 2014
How To Get Better Products And Jobs
Government involvement destroys all the benefits of "The Invisible Hand" which, in a capitalist society would provide better products and jobs through competition.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 13, 2014
Video: Gold and Currency Wars
Related: iShares Silver ETF (SLV), SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 12, 2014
A Dollar Crisis Will Be Bullish For Gold
Related stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Minimum Wage Increases & Automation
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 11, 2014
Tax Inversions
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 10, 2014
Build Your Portfolio With Inflation Sensitive Assets
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 5, 2014
The Price Of Inflation
Related ETFs: 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.
Aug 4, 2014
Will The Federal Reserve Do The Right Thing?
Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 2, 2014
Yellen Is Not Going To Raise Rates
Janet Yellen is not going to raise rates no matter what the economic data is. The data is irrelevant. If the Fed was going to raise rates they would have raised them years ago.The reason they did not raise them years ago and the reason they are not going to raise them now or in the near future is because they can`t. The U.S. Economy can`t afford higher rates.
Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Aug 1, 2014
What Triggered The Market Sell-Off
The employment cost index jump of 0.7 percent triggered a market sell-off in expectation of higher interest rates. In fact, the Fed can't raise rates.
Related trading instruments: iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related trading instruments: iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 31, 2014
Yellen: Blowing Air Into Bubbles
Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Netflix (NFLX), Facebook (FB), 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.
A Collapse is Coming.
Something`s gotta give. One way or another something has to collapse. It`s either the dollar or the stock market. But either way a collapse is coming and either way its going to be an economic disaster here in the United States.
Related trading instruments: U.S. Dollar, Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY);
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related trading instruments: U.S. Dollar, Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY);
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 30, 2014
U.S. Growth: Drifting Lower As The Year Progresses
Related ETFs: Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY),
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Yellen Dismisses Inflation As Temporary Noise
Related: ConAgra Foods Inc(NYSE:CAG), Dean Foods Co(NYSE:DF), United States Oil Fund LP ETF (USO)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Fed`s Low Rates Are Deterring Savings & Capital Investment
Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 29, 2014
Gold: I Know What The Trend Is
Related stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), SPDR Gold Trust ETF (GLD)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
U.S. Economy: Heading Into Recession
Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM),
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
GDP Report: Its All Downhill From Q2
Related: Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR S&P Homebuilders (ETF) (XHB)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 28, 2014
Earnings Season: Companies Are Having Trouble With Increased Costs
A lot of companies that are reporting earnings are having problems because of the increasing cost associated with producing and distributing their products. Of course, this should not be happening if there really wash`t any inflation like everybody is trying to convince us.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
More Disappointing Earnings: Amazon (AMZN)
Amazon came out with its loss for the second quarter and it was pretty big. The interesting thing about the Amazon (AMZN) loss is that the loss is going to get significantly bigger next quarter. And this one was already pretty significant.
The loss was 126 million dollars, net loss, and next quarter they are projecting the loss to rise to between 410 and 810 million dollars. That`s a loss!
Also I think more importantly, their margins, their net margins have collapsed. I mean, they are selling a lot, but they are not making any money. And obviously this business model is not viable.
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 loss was 126 million dollars, net loss, and next quarter they are projecting the loss to rise to between 410 and 810 million dollars. That`s a loss!
Also I think more importantly, their margins, their net margins have collapsed. I mean, they are selling a lot, but they are not making any money. And obviously this business model is not viable.
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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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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