We Are Already In A Recession

I think that we are already in a recession. By the time they go back and revise the numbers that we got for the fourth quarter of last year, early this year, I think the data is going to reflect that we have been in a recession. They never know we are in a recession until you are almost finished with 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.

This Is The Biggest Bubble The Federal Reserve Has Ever Inflated

Everything the Federal Reserve has done since the financial crisis has made the underlying problems that caused that crisis worse. And because of that we are on the verge of a worse economic crisis. We are more addicted to cheap money than ever before. There have been more mistakes, more malinvestments, this is the biggest bubble the Federal Reserve has ever inflated.

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 Has Gone Nowhere For The Last 12 Months

The stock market has gone nowhere for the last 12 months. The average stock is down.

Related exchange traded funds: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), 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.

This Economy Is A Disaster

This economy is a disaster and everyone wants to pretend that it is great because no one wants to admit that Obama is a complete failure, that the Federal Reserve is a complete failure, that everything that the government has done has failed!

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

Markets: Gold, Gold Mining Stocks & Silver Stocks

It started the year below 1100, it got down to 1050 when the Federal Reserve just raised interest rates in December but it has had a pretty good run. The gold stocks have gone up a lot more. In fact there are silver stocks that have gone up 500 percent since their January lows. That has been the biggest move. (Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), Hecla Mining (NL), iShares Silver ETF (SLV), 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.

A June Rate Hike Is Not Bearish For Gold

That rate hike (in June) even if it comes is not bearish for Gold (SPDR Gold Trust ETF (GLD)) nor is it bullish for the Dollar. What happened the last time the Federal Reserve raised interest rates? After a knee jerk reaction we had a huge rally in gold and a big drop in the U.S. Dollar.

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