It`s done. You can a fork in this housing recovery. And the homebuilders stocks are showing you. Again, one or two year lows! The Dow Jones Industrials is over 17,000 points, everybody talking about a recovery and the homebuilders are in a bear market. They don`t even see the recovery. How can you have a recovery without the housing sector?
Related stocks: The Ryland Group (RYL), Lennar Corporation (LEN), KB Home (NYSE:KBH), SPDR S&P Homebuilders (ETF) (XHB)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 30, 2014
Many Homebuilders Are Making 52 Week Lows
Beneath the averages there are a lot of stocks that have been clobbered over the last 11 months. Some of the hardest hit apart from gold stocks, the homebuilders. And I have been pretty negative on this sector for a while and we have a lot of homebuilders making 52 week lows this week. Some of these stocks are at 2 year lows, not just 1 year lows!
Related stocks: KB Home (NYSE:KBH), The Ryland Group (RYL), Lennar Corporation (LEN), D.R. Horton, Inc.(NYSE:DHI), M.D.C. Holdings, Inc.(NYSE:MDC)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related stocks: KB Home (NYSE:KBH), The Ryland Group (RYL), Lennar Corporation (LEN), D.R. Horton, Inc.(NYSE:DHI), M.D.C. Holdings, Inc.(NYSE:MDC)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Investment Outlook: U.S. Economy, Real Estate & Stock Market
If Janet Yellen is true to her word, by the beginning of next year there will be no QE and the Federal Reserve will be closer to pulling the trigger on raising rates. So, I think without all this extra help even if rates are still at zero, people will be preparing for interest rates not to be zero and the Federal Reserve will not be doing all this QE, I don`t think this bubble economy will be nowhere as bubbly.
I believe the real estate market will continue to soften and potentially by then it will be in outright decline in home prices, the stock market could be quite a bit lower if we stay the course between now and the beginning of 2015.
Related trading instruments: iShares Dow Jones US Real Estate (ETF) (IYR), The Ryland Group (RYL), Lennar Corporation (LEN), SPDR S&P 500 Index ETF (SPY), Facebook (FB), Twitter (TWTR), Netflix (NFLX), SPDR S&P Homebuilders (ETF) (XHB)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
I believe the real estate market will continue to soften and potentially by then it will be in outright decline in home prices, the stock market could be quite a bit lower if we stay the course between now and the beginning of 2015.
Related trading instruments: iShares Dow Jones US Real Estate (ETF) (IYR), The Ryland Group (RYL), Lennar Corporation (LEN), SPDR S&P 500 Index ETF (SPY), Facebook (FB), Twitter (TWTR), Netflix (NFLX), SPDR S&P Homebuilders (ETF) (XHB)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 29, 2014
The Fed Can`t Raise Rates
Related trading instruments: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Goldcorp (GG), Market Vectors Gold Miners ETF (GDX),
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 Federal Reserve Inflated A Much Bigger Bubble
Related trading instruments: U.S. Dollar, EURUSD forex cross, SPDR S&P 500 Index ETF (SPY), 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.
Sep 27, 2014
The United States Is A Dependent Nation
We are the most dependent nation on the world. We depend on others countries like no other country. Think about it. We have the world`s biggest trade deficit, which means that we depend on other countries to produce the products that we need. We can`t produce them ourselves, how is that self-sufficient?
We also have to borrow the money. Because we don`t produce enough to export to pay for our imports, we have to borrow money. We count on the world to finance all the goods that we can`t afford. So not only we import the most but we have to borrow all this money to pay for our imports. If we have to borrow all this money from foreign countries, how are we self-sufficient?
We have the biggest trade deficit in the world, the biggest current account deficit in the world and we are the world`s biggest debtor nation. We owe more money to other countries than all the countries in the world combined!
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
We also have to borrow the money. Because we don`t produce enough to export to pay for our imports, we have to borrow money. We count on the world to finance all the goods that we can`t afford. So not only we import the most but we have to borrow all this money to pay for our imports. If we have to borrow all this money from foreign countries, how are we self-sufficient?
We have the biggest trade deficit in the world, the biggest current account deficit in the world and we are the world`s biggest debtor nation. We owe more money to other countries than all the countries in the world combined!
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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