The Dow Jones Industrials which was down about 200 points on Thursday, was up 183 points on Friday. The Nasdaq was down 80-85 points and recouped 64 points, so a real schizophrenic type market. I think the players are still ignoring reality and still clinging to the fantasy of a recovering U.S. Economy.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
May 4, 2015
May 1, 2015
U.S. Economy: An Alarming Ratio
The inventories to sales ratio right now is the highest since the Great Recession of 2008-2009. What does that mean going forward? It means that businesses are already loaded up with inventory, they have excess inventory, they can`t sell it. They are not going to buy any more.
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.
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.
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.
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.
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.
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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