Early Signs Of A U.S. Recession?

Probably the most bearish of the numbers we got was Factory Orders, which fell for the 6th consecutive months. This is rare. The last two times that we had Factory Orders fall 6 months in a row, the U.S. Economy has already in recession. It happened in 2008 and happened in 2001.

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 U.S. Economy Has Never Been In Worse Shape

I think the U.S. Economy has never been in worse shape than it is now. I think the situation is far more dire now than it was 15 years ago. And the only thing is, its so bad that we might not have the collapse that we had because the central bank is so afraid of pricking this bubble that it does`t. We don`t raise interest rates like the Federal Reserve is promising. If the Fed did raise interest rates the markets would collapse. But they may so fearful of that, that they are not going to do 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.

The U.S. Economy Is Not Taking Off, It`s About To Crash Land!

The last time we had 2 months in a row where consumer spending went down, that was 6 years ago. 6 years ago! During the Great Recession, that is how long you have to go back, 6 years to find back-to-back monthly drops in consumer spending.

We keep getting economic data that we have not seen in this country since 2008/2009. That ought to clue you into something. That the economy is not about to take-off, its about to crash land!

Ticker symbols: SPDR Dow Jones Industrial Average ETF (DIA), 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.

Will The Stock Market Be Cut In Half Again?

Twice in the last 15 years the market has been cut in half. Not just the Nasdaq, but the S&P 500 Index and the Dow Jones  Industrials. Twice in the last 15 years!

Who says it cannot happen a third time?

Related ETFs: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)

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: In Bubbles You Have To Make An Important Decision

Bubbles force you to make an important decision. You either look like a fool before they pop or you look like a fool after they pop. That`s it. And why do I say you have to look like a fool before they pop? Because you are the guy saying it is a bubble, saying it is irrational and you are the one that is not buying the stocks and as the bubble gets bigger and bigger the people that spotted the bubble look like they are fools because they are out of the action, they are not making the money that everybody else is making.

Then of course, the bubble bursts and all the people that thought they were so smart, end up looking really foolish because they lost all their money.

Related stocks: Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Twitter (TWTR), Amazon (AMZN), LinkedIn Corp (LNKD)

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: The Whole Market Is A Gigantic Bubble

I would agree that I do not think the Nasdaq, or technology in particular is as overvalued now, as it was then, certainly compared to the rest of the market. But I think the market in general, not just the Nasdaq or technology, but the Dow Jones Industrials, the S&P 500 Index, I think the whole market is a gigantic bubble and I think the Federal Reserve has supplied a more air into the bubble this time than it did 15 years ago, because it needed to. I mean, it did not really need to, but to create the illusion of prosperity, it was forced to.

I think the U.S. Economy is much more screwed up now than it was 15 years ago, that it required a lot more air to inflate a bubble and there still are going to be dramatic consequences for investors and for the economy, if and when this bubble does in fact burst. And the only way it won`t burst is if the Federal Reserve decides it is really to big to burst and so it prints endless amounts of money.

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