U.S. Economy: An Official Recession For The First Half of 2015?

What is more likely to happen is that we get a negative number again for Q2. We can have the second quarter GDP actually contract. And if we get a contraction in the second quarter which follows a contraction in the first quarter, that is an official recession. That would mean the U.S. Economy is in recession for the first half of 2015. If that is the case and that may very well be the case, how is the Federal Reserve going to raise 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.

More Economic Bad News

Another week, another round of bad economic news. Maybe Wall Street is finally starting to pay attention but I am still not sure the message has sunk in.

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

Retail Sales: Another Big Economic Disappointment

April Retail Sales have missed estimates in four out of the last five monthly reports. The year over year rise of just 0.9 percent was the weakest report since November of 2009.

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

What The Federal Reserve Is Afraid Of

The reality is, the economy is weakening and is weakening rapidly. The markets, the pundits, the economist and the Federal Reserve do not want to acknowledge the obvious because they are afraid of the way the markets might react to 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.

The Stock Market Is Sensing That The Fed Is "On Pause"

I think the stock market is sensing that this means the Federal Reserve is on pause, which of course it is because this really is not a good number regardless of the way people want to spin 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.

The Jobs Report Is Awful Beneath The Surface

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.