If you look beneath a very superficial layer, what you reveal is a very ugly picture when it comes to the April jobs report. But nobody wants to do that. They don`t want to bother or they are afraid of what they might see.
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 11, 2015
May 8, 2015
Gold: Some Overhead Resistance Above 1,200 Dollars
Gold is just below 1200 dollars an ounce. Its really been banging up and down. Every time it gets above 1200 they seem to smash it back down but of course whenever they smash it back down the buyers show up, so they really can`t break the market but there is still an overhead resistance to keep it from exploding.
But I think eventually the buying is going to overtake the selling and we will run out of sellers in the gold market and when it finally goes up, it is going to go up in a rather spectacular way.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
But I think eventually the buying is going to overtake the selling and we will run out of sellers in the gold market and when it finally goes up, it is going to go up in a rather spectacular way.
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 6, 2015
Video: Why Gold Will Go Ballistic
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
Stock Market: A Schizophrenic Type Market
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.
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 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.
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