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Peter Schiff
Peter David Schiff (born March 23, 1963) is an American financial analyst, stockbroker, author, and one-time Senate candidate. He has appeared as a guest on numerous financial television shows and has been quoted in major print publications as a financial analyst and economist. He is host of The Peter Schiff Show, an audio show broadcast on terrestrial and Internet radio, and he was formerly host of an Internet podcast called Wall Street Unspun, now archived as podcasts.

Peter Schiff

The Stock Market Is Completely Untethered From Economic Reality

We’ve been saying for months that the stock market has completely disconnected from economic reality. The markets have hit record highs despite the economic chaos caused by the government response to COVID-19. As Peter Schiff put it in a podcast back in May, the markets are on a Fed-induced sugar high.In a recent article, David Stockman put the stock market bubble into perspective and asked a poignant question: how could the S&P 500 be trading at its highest multiple in 70 years when...

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Peter Schiff: Sooner or Later Every Bubble Finds Its Pin

Stocks sold off Monday as markets fretted over the lack of progress on stimulus and a rise in COVID-19 cases. In his podcast, Peter talked about the sell-off and the political dynamics driving the markets right now. He also drove down to a question nobody seems to want to grapple with: why are the markets and the economy so dependent on and desperate for stimulus?The Dow was down 650 points on Monday. A 300 point rally off the interday low kept the carnage from being even worse. The Nasdaq...

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Who Will Fix The National Debt? It Looks Like Nobody

The FY2020 budget deficit came in at $3.13 trillion. At some point, the US government will have to reckon with the debt and spending. But according to recent analysis from the nonpartisan Committee for a Responsible Budget, neither Trump nor Biden appear prepared to do so. In fact, its analysis shows Trump would only be slightly better than Biden when it comes to spending and debt.During the 2016 presidential campaign, Trump promised to deal with the skyrocketing national debt. In fact, he...

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Ranks of the Long-Term Unemployed Growing

The mainstream spin on unemployment is that things are improving. The unemployment rate is coming down. The number of weekly jobless claims recently fell below 800,000 for the first time since government lockdowns in response to the pandemic went into high gear last March. But there are some troubling signs that undercut this good-news narrative. The number of long-term unemployed workers is steadily rising.The ranks of the long-term unemployed – those out of work for 27 weeks or more –...

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Fun on Friday: He Put 2 Pounds of Gold Where?

People will do just about anything to avoid paying taxes. Case in point – a man from Dubai shoved about 2 pounds of gold — where the sun don’t shine —  in order to avoid paying customs taxes in India.Yes. I said two pounds.Up his butt.Ouch.The man caught the attention of authorities’ at Kerala’s Kannur airport because he was “walking funny.”Well, yes. I imagine he was. You’ve heard the old saying, “He walks like he has a corncob up his butt?” Well, imagine more than two pounds of gold...

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Where Are the Gold Bulls? SchiffGold Friday Gold Wrap Oct. 23, 2020

Gold has been trading sideways for several weeks. But there are all kinds of reasons to be bullish on the yellow metal. So why isn’t the price of gold rising faster? Where are the gold bulls? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey tries to answer that question and discusses some of the reasons people should be buying gold.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You...

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Where Are the Gold Bulls? SchiffGold Friday Gold Wrap 10.23.20

Gold has been trading sideways for several weeks. But there are all kinds of reasons to be bullish on the yellow metal. So why isn't the price of gold rising faster? Where are the gold bulls? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey tries to answer that question and discusses some of the reasons people should be buying gold. You can visit the show notes page here: https://bit.ly/37y1nAi Tune in to the Friday Gold Wrap each week for a recap of the week’s...

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How Long Before This Time Bomb Blows Up?

When governments started locking down economies in response to the coronavirus pandemic, the Federal Reserve sprung into action. The central bank immediately cut interest rates to zero and launched what we’ve called “QE infinity.” Since then, the Fed has ballooned its balance sheet by nearly $3 trillion and increased the money supply at a record pace. Along the way, Powell and Company signaled they were surrendering to inflation, moving the inflation targeting goalposts to allow for the...

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Rickards: Why Gold?

Why gold?In a recent article, Jim Rickards offers three reasons the biggest gains in gold prices are yet to come.We are currently in the midst of the third great gold bull market since President Richard Nixon severed the last ties between the dollar and gold.The first was 1971 to 1980 when the price of gold rose 2,200%. The second ran from 1999-2011 as gold rose 760%. The third gold bull market began in December of 2015 when gold bottomed at $1,050 after making a record high just above...

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Wave of Corporate Mergers Could Put More Americans Out of Work

Last week, we reported on the number of temporary layoffs that are turning into permanent job losses.  Now Goldman Sachs is projecting even more permanent job losses coming down the pike as a wave of mergers, acquisitions and corporate takeovers sweeps through the economy.Goldman Sachs Group president John Waldron warned that we’re going to see more big businesses doing better, but there will be more job losses along the way as large corporations look to consolidate smaller companies.You...

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