Latest Market Commentary:
- U.S. Dollar: The Reason Why Goldman Sachs Is Bullish
- Inflation Is Bullish For Gold
- How Long Before A Currency Crisis?
- U.S. Economy: Breaking Records
- Market Update: Stock Market, Federal Reserve and Socialism
- Gold Stocks Are The Perfect Hedge
- Gold Is One Of The Best Bargains One Can Buy
- All The Government Is Doing Is Printing Money
June 30, 2013
Video: Austrian Economics, Banking System, World Economy, Gold
Related ETFs: Financial Select Sector SPDR (XLF), SPDR Gold Trust ETF (GLD)
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.
June 29, 2013
Video: Is Now The Time To Sell Gold?
Related stocks and ETFs: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), AngloGold (AU), Freeport-McMoRan Copper and Gold Inc. (FCX), Goldcorp (GG)
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.
June 28, 2013
Gold: The Price Can`t Stay Down Here
Related stocks and ETFs: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Freeport-McMoRan Copper and Gold Inc. (FCX)
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.
June 27, 2013
Gold Is Being Mispriced
"You have speculative longs getting out, speculative shorts getting in, but I think is operating under a false narrative and so gold is being mispriced. The U.S. economy is not recovering. We are entering back into a recession and might be in recession by the end of this year." - in CNBC
Related ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR Gold Trust ETF (GLD), SPDR SP 500 Index ETF (SPY)
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: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR Gold Trust ETF (GLD), SPDR SP 500 Index ETF (SPY)
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.
Gold: People Who Are Selling Gold Now Are Going To Have A Problem Buying It Back Later
Video Summary: Gold is on track to post its largest quarterly loss on record. Peter Schiff, Euro Pacific Capital CEO, thinks people who are selling gold now are going to have a problem buying it back later; and Michael Vogelzang, Boston Advisors, thinks gold is getting a bit oversold.
Related ETFs: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV)
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.
June 26, 2013
China Is Expected To Overtake America As The World's Biggest Importer In 2014
"For much of the past century, the United States has been the world's largest importer and exporter. This is what you may have expected from the world's dominant economy. But our days of preeminence are fading fast. In 2009, China surpassed the United States as the world's leading export nation (America is currently in third, behind Germany). As a small consolation, the U.S. still leads the world in exports of government debt. In February of this year, China became the world's largest trading nation (which is determined by combining imports and exports). And sometime in 2014, China is expected to overtake America as the world's biggest importer." - an excerpt from the Global Economic Realignment
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.
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.
Japan: A Free And Timely Lesson On The Dangers Of Overly Accommodative Monetary Policy
"The Japanese have a reputation for excessive courtesy. The current actions of the Japanese economic leadership, who are giving the world a free and timely lesson on the dangers of overly accommodative monetary policy, should confirm this stereotype. While their efforts should provide the rest of us with an invaluable benefit (provided we are alert enough to heed the clear warnings), the lesson will cost the Japanese dearly." - an excerpt from the Sock Puppet Kabuki; Nikkei Today Parallels Dot-Com Bust
Related indexes and ETFs: Nikkei 225, Topix Index, iShares Japan ETF (EWJ)
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 indexes and ETFs: Nikkei 225, Topix Index, iShares Japan ETF (EWJ)
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.
Wall Street Is Engaged In Spirited Debate
"Rising stock prices have combined with rising real estate prices to convince many that the economy is recovering. As a result, Wall Street is engaged in spirited debate about when the Fed will begin bringing the current era of permanent quantitative easing to an end (forgetting for now that both markets have shown their deep dependence on QE). Most agree that the QE will eventually create an economy able to stand on its own, but there is disagreement on how long it will take. The "bullish" end of the spectrum is predicting that the Fed may begin to take its foot off the accelerator by the fourth quarter of this year. The "bears" feel that sluggish data will compel the Fed to keep pouring the money on throughout 2014. They don't understand that QE is the economy, and that any attempt to exit will be met by difficulty. The rising home prices and stock gains over the last few years are likely to vanish if the punch bowl is removed." - an excerpt from the The Global Economic Realignment
Related ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)
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: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)
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.
June 25, 2013
Waiting For Godot
"Although many haven't yet realized it, the financial markets are stuck in a 'Waiting for Godot' era in which the change in policy that all are straining to see, will never in fact arrive." - in Money News
Related ETFs: SPDR Gold Trust ETF (GLD), SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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 (GLD), SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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.
The Fed's Next Big Definitive Announcement Will Be An Increase In QE Rather Than A Diminishment
"Rather than focus on the long term, the Fed is guided by the short-term realization that any significant withdrawal of support will cause a steep sell off on Wall Street, a spike in interest rates and an end to the reflating housing bubble. They are not prepared to tolerate any of these outcomes ... I believe that the Fed's next big definitive announcement will be an increase in QE rather than a diminishment." - in Newsmax
Related ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)
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: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)
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.
The Bond Market Calls Bernanke`s Bluff
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.
June 24, 2013
Tapering, Post-QE World & Wrong Conclusions
"Yet the mere mention that tapering was even possible, combined with the Chairman's fairly sunny disposition (perhaps caused by the realization that the real mess will likely be his successor's problem to clean up) was enough to convince the market that the post-QE world was at hand. This conclusion is wrong." - an excerpt from Tapering the Taper Talk
Related ETFs: SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), SPDR Dow Jones Industrial Average ETF (DIA)
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 SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), SPDR Dow Jones Industrial Average ETF (DIA)
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.
Video: U.S. Markets, Monetary Policy & Gold
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)
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.
June 23, 2013
U.S. Treasuries: We Can Have A 4% Yield By The End Of The Summer
"Interest rates are rising, I also have been telling you that bond prices are going to fall, they are falling, interest rates are rising they are going to keep on rising. We can have a 4 percent 10 Year (US Treasury yield) even by the end of the summer." - in Futures Now
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.
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.
June 22, 2013
The U.S. Economy Is Going Back Into Recession
"The U.S. economy is going back into recession. The phony recovery that the Federal Reserve has created is evaporating before their eyes." - in CNBC
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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 Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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.
June 21, 2013
Mr. Chairman, What Are You Afraid Of?
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.
June 20, 2013
Gold: People Are Jumping To The Wrong Conclusions
"Here`s what is happening right now. People are jumping to the wrong conclusions. They think the Fed is going to tighten. They are not. In fact the next move from the Federal Reserve is to expand QE. They are not going to taper it." - in Futures Now
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)
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 Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)
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.
Video: Gold Is A Generational Buy
Related stocks and ETFs: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), AngloGold (AU), Freeport-McMoRan Copper and Gold Inc. (FCX), SPDR Gold Trust ETF (GLD)
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.
Video: Obama Family`s African Vacation
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.
Monetary Easing: Any Significant Withdrawal Of Support Will Cause A Steep Sell Off On Wall Street
"Any significant withdrawal of support will cause a steep sell off on Wall Street, a spike in interest rates, and an end to the reflating housing bubble. They are not prepared to tolerate any of these outcomes." - in Investors
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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 Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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.
June 19, 2013
Video: The Real Crash Is Ahead Of Us
Related ETFs: Financial Select Sector SPDR (XLF), SPDR SP 500 Index ETF (SPY)
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.
Long Term: Stock Market & US Dollar
"I would agree, long, long term, sure, the stock market is going to go up in dollars because the dollar is going to continue to lose value." - in CNBC
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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 Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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.
June 18, 2013
People Are Underestimating Just How Much Interest Rates Are Going To Go Up
"People are underestimating just how much interest rates are going to go up, how fast rates are going to rise and what the impact is going to be on the economy, on the housing market, on the stock market, on the banks and on the government`s ability to service its debt." - in CNBC
Related stocks and ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY), Bank Of America (BAC), Citigroup (C), Wells Fargo (WFC), JP Morgan (JPM)
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 stocks and ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY), Bank Of America (BAC), Citigroup (C), Wells Fargo (WFC), JP Morgan (JPM)
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.
Investors Are Too Complacent
"I think investors are much too complacent here." - in CNBC
Related ETF: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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 ETF: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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.
Video: Stock Market, Fed Policy & Interest Rates
Related ETFs: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY)
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.
June 17, 2013
Fix the Debt, End the Sequester?
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.
June 14, 2013
Video: California & Entrepreneurship
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.
June 13, 2013
The Fed Has No Exit Strategy
"The Fed has no exit strategy. It's all fluff. There is no taper, because taper is impossible without collapsing the economy, the banks, and the U.S. government." - in CNBC Futures Now
Related stocks and ETFs: Bank Of America (BAC), Citigroup (C), Wells Fargo (WFC), JP Morgan (JPM), Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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 stocks and ETFs: Bank Of America (BAC), Citigroup (C), Wells Fargo (WFC), JP Morgan (JPM), Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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.
Gold Is Going To The Moon
"This year, gold can certainly make a move up to $1,700 or $1,800, but I think ultimately it's going a lot higher than that. When the world figures out the position that we're in, gold is going to the moon." - in CNBC's Futures Now
Related ETFs: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), AngloGold (AU)
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 (GLD), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), AngloGold (AU)
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.
June 12, 2013
Video: Overcoming Media Stupidity
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.
June 11, 2013
Video: Even More Bullish On Gold
Related ETFs: SPDR Gold Trust ETF (GLD), iShares Barclays 20+ Yr Treasury Bond ETF (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.
It's Amazing How Willing We Are To Travel Down That Road Again
"Debt-financed consumption supported by inflated asset prices is what led to the financial crisis of 2008. It's amazing how willing we are to travel down that road again." - in Telegraph
Related ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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.
June 10, 2013
Big Government & Unintended Consequences
Video: Health Care Costs Explained
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.
June 7, 2013
Wall Street Has Been Trying To Convince Itself The U.S. Economy Is Actually Recovering
“I think Wall Street has been trying to convince itself that despite the data, the U.S. economy is actually recovering.” - in Forbes
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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 Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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.
June 6, 2013
What Central Banks Are Doing With Gold?
Video Summary: Would you trust the New York Fed with 7,000 tons of the yellow metal? Perianne talks to Peter Schiff about what central banks are doing with 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.
June 5, 2013
Housing Market: We Can't Afford To Artificially Support The Market Indefinitely
"Of course the real risks in housing center on the next leg down, in what I believe will be a continuation of the real estate crash. We can't afford to artificially support the market indefinitely. When significantly higher interest rates eventually arrive, the fragile market will again be impacted. We saw that movie about five years ago. Do we really want to see it again." - in Finance Townhall
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.
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.
June 4, 2013
Rising Asset Prices Are Completely Dependent On Continued Fed Support
"Of course rising asset prices are completely dependent on continued Fed support. As we have seen time and again, whenever the Fed even hints at tapering its massive QE programs the stock market sells off. The housing market is even more dependent on that support. Given the risks, it is arguable that no private market for home loans would even exist without government intervention. The bubble that popped in 2008 consisted mainly of government-guaranteed mortgages. This time, the mortgages are not merely government-guaranteed, but government owned." - an excerpt from The Great Reflation
Related ETFs: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY)
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 Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY)
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.
Housing Market: The Current Combination Of Low Rates And Investor Demand Has Succeeded In Pushing Up Prices
"The current combination of low rates and investor demand has succeeded in pushing up prices. But that doesn't mean the market is healthy. For the first quarter of 2013, the Federal Reserve reports a 10% delinquency rate for residential mortgages (those with payments that are at least 90 days past due). This is more than 6 times the rate in the first quarter of 2006. In contrast, credit card delinquencies currently stand at 2.65%, the lowest rate in decades and 31% lower than the rate in the first quarter of 2006. Whether it is by choice, or simply by the ability to pay, Americans are clearly placing a low priority on paying their mortgages." - an excerpt from The Great Reflation
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.
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.
June 3, 2013
Savings Rate: Lowest Since 3Q `07
"The savings rate plunged all the way down to 2.3%. That`s the lowest household savings rate since the third quarter of 2007. And of course back then, americans still thought they were rich because they had all sorts of home equity and they were spending like crazy. I don`t think that is what`s going on now. I think the reason americans are depleting their savings is because they need the money for food, they need the money for gasoline, they are trying to keep their economic necks above water. " - in a recent videolog
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.
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.
Video: The Illusion Of Recovery
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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.
June 1, 2013
Video: I Like Countries Where The Purchasing Power Is Going Up
Related ETFs: iShares MSCI Emerging Markets Index ETF (EEM), Energy Select Sector SPDR ETF (XLE), iShares MSCI Singapore Index Fund (ETF) (EWS), iShares MSCI Hong Kong Index Fund ETF (EWH)
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.
US Economy: Incomes Are Declining, Savings Are Being Depleted
“Incomes are declining, savings are being depleted, those aren’t good signs.” - in MarketWatch
Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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 Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)
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.
Subscribe to:
Posts (Atom)