Retail Sales: The Economy Is Not Driven By Spending

The economy is not driven by spending, its driven by savings and production, which we do not have. But you can keep the bubble going with the spending and people do not really make a distinction between a bubble economy and a genuine economy. Just as long as the bubble can keep inflating, that is all everybody really cares about. And the evidence of that is the fact that they are still spending.

Related stocks: Ford (F), General Motors (GM), Tesla (TSLA)

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 Sharp Oil Reversal

I think this oil decline is temporary. It is a market driven phenomenon, it is technical and again it has to do with the anticipation of a tighter Federal Reserve and a strong dollar. The dollar has strengthened but the Federal Reserve has not tightened and I do not believe it is going to tighten because I think the recovery is a mirage.

And as more people figure this out in 2015, and the dollar trade reverses, I think you are going to see a sharp reversal in oil as well.

Related stocks: Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP), Schlumberger (SLB), Halliburton (HAL), Chevron (CVX), Diamond Offshore Drilling (DO)

Related exchange traded funds: Energy Select Sector SPDR ETF (XLE), United States Oil Fund LP ETF (USO)

Topics: WTI Crude, U.S. Dollar, technical analysis, market dynamics.

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

Stock Market: No Sure Bets

Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), 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 Is Going To Light A Fire Under The Gold Trade

When people figure out that the Federal Reserve is going to print more money than Japan and Europe combined, we are not getting ready to tighten, we are getting ready to launch QE4. That is going to light a fire under the gold trade.

Related stocks: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG)

Related exchange traded funds: Market Vectors Gold Miners ETF (GDX), 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.

If The Fed Raises Rates, All Job Creation Will Disappear

The Federal Reserve has been in a box for a long time. The jobs report is not putting it in that box. If the Federal Reserve were to raise rates, all the jobs would disappear because the recovery in only here as long as the Federal Reserve is propping it up. We got 4 economic reports that came out, the jobs report was only one. All the other 3 were bad. The Trade Deficit, the Factory Orders and the Consumer Credit. All came out much worse than expected. Most of the economic data that has been coming out has been bad.

Related exchange traded funds: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), 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.

Central Banks Are Playing With Fire

Topics: Central banking intervention, monetary policy, consumer prices;

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