"Long live the bear market. This bear market rally is dead. We are going a lot lower.”
- in Schiff’s podcast
May 14, 2019
Uber's IPO
Normally, in a real environment where we had normal interest rates, where the Federal Reserve wasn't artificially suppressing them, I don't think money-losing companies like Uber (UBER) would be able to come public.
May 10, 2019
Gold Standard & NYC Subway Fares
Look how stable prices were before Nixon took us off the gold standard. Are NYC subway riders really better off with central bankers calling the shots instead?
May 9, 2019
The Only Chance Of Postponing A Recession
I think Trump knows the only chance he has of postponing the onset of this recession until beyond the 2020 election is to get the Federal Reserve to preemptively cut interest rates and launch QE4.
What set the low, what was the catalyst for this rally, was the Fed getting more dovish. It went from ‘we’re going to keep hiking rates’ to ‘we’re finished hiking rates.’ It went from ‘quantitative tightening is on autopilot’ to ‘quantitative tightening is going to end over the summer.’ And so that shift – where the Fed went from being hawkish to dovish – that started the rally. Well, this more recent shift, where the Fed changed expectations again and disappointed the markets by saying, ‘Hey, we’re not as dovish as you think. We’re not going to cut rates,’ that, I think, capped the market. And now, Trump coming in and taking away the prospects of this great trade deal, well, that’s like a one-two punch, and I think this bear market rally, like I said, is over and we’re going lower.”
May 6, 2019
Episode 464: Job Headlines Still Mask the Real Story
Latest investment commentary from Peter Schiff.
Episode 464: Job Headlines Still Mask the Real Story
May 2, 2019
Is Deflation Good Or Bad?
Between 1800 and 1900 the U.S Consumer Prices Index (CPI) fell by 50 percent. So we had 100 years of "deflation." This includes the gilded age, the strongest period of economic growth in U.S. history. If falling consumer prices were good then, why does the Federal Reserve think they would be such a problem now?
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