Jun 27, 2014

Federal Reserve: Trapping People In Money-Losing Investment



















Related ETFs: ProShares UltraShort Lehman 20+ Year ETF (TBT), iShares Barclays 20+ Year Treasury Bond ETF (TLT);

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

Jun 26, 2014

GDP: Biggest Contraction in 58 Years

2.9 percent is the biggest quarterly contraction in a non-recessionary period (according to the government we are not in a recession), the biggest decline in 58 years! In almost 60 years we had not had a quarter this weak.

Related: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY);

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

Americans May Not Be Able To Afford Higher Gasoline Prices

American consumers are already tapped out, they are loaded up with debt, they have part-time, low paying jobs and americans drive a lot. I mean, more than any other people we a re dependent on our cars. We don`t have a really great public transportation system, a lot of americans have to drive a long way to get to their low paying jobs and they may not be able to afford higher gasoline prices.

Related: Valero Energy (VLO), Tesoro Corporation (TSO)

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

Jun 25, 2014

Higher Crude Oil Prices Will Affect The Global Economy

I am bullish on oil anyway. I think the price of oil is going up regardless of what happens in Iraq. But to the extent that Iraqi production is disrupted by civil war, that is only going to be more bullish for the price of crude oil. And it is going to affect the global economy because its going to be more expensive and that`s going to be a negative.

Related stocks and ETFs: United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Marathon oil (MRO), ConocoPhipllips (COP), Energy Select Sector SPDR ETF (XLE);

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

Jun 24, 2014

Yellen Is Not Worried About Inflation, Yet

Janet Yellen is still worried that inflation is not moving up fast enough. Tell that to the housewives who are shopping for groceries.

Related: Dean Foods Co (NYSE:DF), ConAgra Foods Inc (NYSE:CAG), Whole Foods Market, Inc. (NASDAQ:WFM)

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

Jun 23, 2014

Bitcoin: It`s Not Going To Work

I do not think that this experiment is going to work any better than the fiat experiment. We will see, the market will tell. Because I think there is going to be lots of others digital currencies, there already are. and I think eventually there will be a digital currency backed by gold. I think when you have a digital currency backed by something that is better than a digital currency backed by nothing.

Related: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Bitcoin ($BTCUSD)

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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