August 31, 2010

We Are Heading Into Hyperinflation

The recession is the cure for the disease that affects the economy, but the politicians don’t have the stomach for it. They’re going to keep stimulating the economy until they kill it with an overdose. The hyper-inflation that results is going to be far worse than the cure.

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 30, 2010

GDP Report, Bernanke Statement And Gold Stocks



Latest market update: GDP data, Bernanke statement, silver and gold stocks;

"Some gold stocks are making new 52 week highs"

Related: Hecla Mining Company (Public, NYSE:HL), Goldcorp Inc. (USA)(GG) , Yamana Gold Inc. (USA)(AUY), NovaGold Resources Inc. (USA)(NG), New Gold Inc. (USA) (NGD)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 26, 2010

The Little Book of Bull Moves in Bear Markets (Updated And Expanded)

While most people know me through my first book Crash Proof, and its update Crash Proof 2.0, many may not be familiar with my other investing book, 2008's The Little Book of Bull Moves in Bear Markets. If you haven't had a chance to read that book, you may want to take the opportunity now that I have updated it for 2010. The new version, The Little Book of Bull Moves: Updated and Expanded, has many pages of new material and provides key updates on the critical market developments of the past 18 months.

If you have already read the original version, there probably isn't much need to buy the update. But for those who never read the old version, the new edition should provide both an incentive to buy and a better reading experience. The book just hit stores this month and is available to order online.

To supplement the economic analysis that I presented in Crash Proof, The Little Book takes a look at the bear markets that followed the busts of the 1920s, 1960s, and 1990s. I devote much ink to analyzing the political and economic similarities and differences between those periods -- and comparing them to today's circumstances. Of course, as an investment book, I also discuss investment strategies that worked then and explain how those same approaches could be applied to today's market.

The Little Book aims to show readers how to position their investments under adverse market conditions by using non-traditional strategies.

If you missed the first release, the wait may have been worth it.

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 23, 2010

Latest Market Update: Markets And The US Dollar


Latest video market update on the US markets.

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 22, 2010

Recipe For Disaster

We have to stop stimulating. We have to shrink the government and cut government spending dramatically. The reason the economy is so screwed up is because government regulations and subsidies have created a slowing economy. They have prevented market forces from operating the way they need to be. They have prevented an efficient allocation of resources. We need to rebuild our manufacturing base. We need to reindustrialize. We can't do that without the resources, without the savings, without the investment.

They've created a nation of spenders, speculators, and consumers, and they've destroyed the savers, producers, and the investing class that built this country. We're moving from a market-based economy to essentially a planned economy. We're abandoning capitalism and embracing socialism. That's a recipe for disaster.

in Commodity Surge

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 18, 2010

Millions Of More Americans Are Going To Lose Their Jobs

Millions of more Americans are going to lose their jobs, and all of us are going to lose our freedoms and our rights. As the government gets bigger, it tries to end the crisis; but its policies are creating, perpetuating, and making it worse.

in commoditysurge

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 17, 2010

Latest Market Update: US Dollar, US Economy And Treasuries


Related ETFs: PowerShares DB US Dollar Index Bearish (NYSE:UDN) , ProShares UltraShort S&P500 (ETF) (NYSE:SDS) , SPDR S&P 500 ETF (NYSE:SPY) , SPDR Gold Trust (ETF) (NYSE:GLD), iShares Barclays 20+ Yr Treas.Bond (ETF) ( NYSE:TLT)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

There Is No Economic Recovery

We're in the early stages of a depression now. It's going to be a horrific experience for average Americans who are going to watch their standard of living plunge. The cost of living is going to escalate dramatically. We are going to see soaring prices for the basic necessities of life, like energy, clothing, and other things. Education and health-care costs are going to continue to spiral out of control. Millions of more Americans are going to lose their jobs, and all of us are going to lose our freedoms and our rights. As the government gets bigger, it tries to end the crisis; but its policies are creating, perpetuating, and making it worse.

The sad fact is these policies are going to wipe out the middle class. They're going to wipe out the poor; they're going to wipe out retirees. Accumulated savings is going to be blown.

There is no economic recovery. All we did is spend more borrowed money. We dug ourselves into a deeper hole, and now we're in even more trouble than before Obama ascended to the presidency.

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Related ETFs: United States Oil Fund LP (ETF) (NYSE:USO), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), SPDR S&P 500 ETF (NYSE:SPY), iShares Silver Trust (ETF) (NYSE:SLV)

August 16, 2010

The Value Of The US Dollar

The printing of trillions of dollars to purchase government debt will put serious pressure on the value of the dollar.

in AFP

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 12, 2010

I Ignore The Certainties Determined By Wall Street Consensus, And Instead Study The Fundamental Trends

As gold hovers near 1,200 USD an ounce and pundits speculate about a "gold bubble," it's important for investors to remember that a mere decade ago the picture was very different.

In the year 2000, gold sat at an unimpressive annual average of $279 an ounce - a two-decade low. At that time, most analysts thought gold was finished as a monetary metal. They said its price would never recover and only kooks with tin hats would invest in it. I was one of the very few financial commentators publicly saying that gold was not only viable, but entering a long-term uptrend.

With the benefit of hindsight, we can all see that the consensus was wrong. Gold has performed remarkably against the Dow Jones Industrial Average, the Nasdaq Composite Index and U.S. real estate. The reason I was able to confidently forecast this result is because I ignore the 'certainties' determined by Wall Street consensus, and instead study the fundamental trends.

in www.marketoracle.co.uk

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD) and Market Vectors Gold Miners ETF (NYSE:GDX)

August 11, 2010

Eventually Gold Is Going To Go Ballistic

It's surprising to me that gold is still as cheap as it is. I just know it's going higher, and eventually it's going to go ballistic.

in Everything Gold

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Related: SPDR Gold Trust (ETF) (Public, NYSE:GLD), Market Vectors Gold Miners ETF (Public, NYSE:GDX)

August 9, 2010

We Are Going To See A Huge Contraction In GDP Regardless Of What We Do

We're going to see a huge contraction in GDP regardless of what we do. Our economy is more than 70 percent consumption, and we're consuming too much. That's part of the problem.

We have to consume less so we can start saving more. We have to transition from (a) a bubble economy based on excessive consumer credit and spending to (b) a stable, vibrant economy based on under-consumption, savings, capital investment, and production.

That transition is going to necessitate a large, one-time downward adjustment in our GDP. Then we can right the ship. Then we can get out of this hole and start building the economy back up again. But the government refuses to allow this to happen, and therein lies our biggest problem.

in HoweStreet.com

Related stocks and ETFs: PowerShares DB US Dollar Index Bullish (NYSE:UUP) , SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV), Bank of America Corporation (Public, NYSE:BAC), JPMorgan Chase & Co. (Public, NYSE:JPM), Goldman Sachs Group, Inc. (Public, NYSE:GS), Morgan Stanley (Public, NYSE:MS), Citigroup Inc. (Public, NYSE:C), Fifth Third Bancorp (Public, NASDAQ:FITB), SunTrust Banks, Inc. (Public, NYSE:STI), Regions Financial Corporation (Public, NYSE:RF), Financial Select Sector SPDR (ETF) (Public, NYSE:XLF), Direxion Daily Finan. Bear 3X Shs(ETF) (Public, NYSE:FAZ), Direxion Daily Finan. Bull 3X Shs(ETF) (Public, NYSE:FAS), Lennar Corporation (NYSE:LEN), KB Home NYSE:KBH), D.R. Horton, Inc. (NYSE:DHI), Toll Brothers, Inc. (NYSE:TOL), The Ryland Group, Inc. (NYSE:RYL), Hovnanian Enterprises, Inc. (NYSE:HOV), Bank of America Corporation (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), SunTrust Banks, Inc. (NYSE:STI), Fifth Third Bancorp (NASDAQ:FITB), Huntington Bancshares Incorporated (NASDAQ:HBAN)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Next Crisis Is Likely To Be Worse

The government's Herculean efforts to counter the collapse of 2008 merely postponed the inevitable and compounded the problem. Result: The next crisis is likely to be WORSE than the last crisis would have been had they simply allowed it to happen.

in www.howestreet.com

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 5, 2010

The Government Has To Get Out Of The Way

"The government has to get out of the way and let the economy restructure."

in Stamford Advocate

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 4, 2010

Video Market Update: US Dollar, Yen, Oil Prices And Inflation


Peter Schiff comments the US dollar, the Yen, Oil and inflation.

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

I Want To Slash The Size Of The Government

I want to undo the damage before it's too late. I want to slash the size of the government. We need a dramatic reduction in the size of the government.

in Torrington Register Citizen

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 3, 2010

US Dollar, Japanese Style Economy And A Big Fat White Dove.

Its another down week for the dollar. That makes it seven in a row. Seven consecutive weeks where the dollar index has declined. That can be some kind of a record, although I think the record is going to be broken because I think its probably going to fall again next week, particularly when you have comments coming out of the President of the St. Louis Federal Reserve, Bullard, who was one of the last remaining hawks at the FED. He is now a big fat white dove. According to Bullard, the FED should resume quantitative easing, which is the FED speech for "create inflation".

Bullard wants the FED to print more money and buy more treasuries, to buy more mortgage backed securities, because he feels the United States economy is in danger of turning japanese. Now, I have said many times, there is no chance of that happening.

in Videoblog

Related ETFs: PowerShares DB US Dollar Index Bullish (Public, NYSE:UUP), SPDR Gold Trust (ETF) (Public, NYSE:GLD), iShares Silver Trust (ETF) (Public, NYSE:SLV), PowerShares DB US Dollar Index Bearish (Public, NYSE:UDN)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

August 2, 2010

We Have Been Living Beyond Our Means

For years we have been living beyond our means, and we must summon the resolve to finally live within them. If we can do that, and allow free market forces to operate unhindered, we can rebalance our economy and set the stage for a real expansion.

However, if we choose to put our faith in debt, in the printing press and the promise of pain-free government solutions, we will all be fishing without a net.

in How An Economy Grows And Why It Crashes

Related: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), PowerShares QQQ Trust, Series 1 (ETF) (Public, NASDAQ:QQQQ), ProShares UltraShort QQQ (ETF) (Public, NYSE:QID), SPDR Dow Jones Industrial Average ETF (Public, NYSE:DIA), iShares Russell 2000 Index (ETF) (Public, NYSE:IWM), Direxion Daily Finan. Bear 3X Shs(ETF) (Public, NYSE:FAZ), Direxion Daily Finan. Bull 3X Shs(ETF) (Public, NYSE:FAS)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

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