Saturday , December 14 2019
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Tag Archives: Peter’s Podcast

Peter Schiff: A Trumped Up Jobs Report

Friday’s employment report from the Labor Department far exceeded expectations. Mainstream analysists called the report “stellar.” Some pundits even called it the best jobs report in history. According to the Labor Department, the US economy added 266,000 jobs in November. Economists had projected an increase of around 187,000. The unemployment figure dropped to 3.5%.Peter Schiff talked about it in his latest podcast. He called it a “Trumped-up” jobs report.Pundits keep...

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Peter Schiff: Will the Grinch Steal Wall Street’s Santa Claus Rally?

The Dow Jones was down over 280 points yesterday, marking the third straight day of declines. Sudden pessimism about a trade deal has tanked stocks. In his latest podcast, Peter Schiff talked about it.Typically, December is a strong month for stocks with the so-called “Santa Claus rally.” Peter said maybe the Grinch is going to steal that rally this year.Peter noted that one of the reasons the stock market is up so much in 2019 is because last December was the worst...

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Peter Schiff: If They Were Smart, They Wouldn’t Be in the Stock Market

Peter Schiff hit a number of subjects in his most recent podcast, including bitcoin, the stock market, wealth inequality, the Fed and the voting age. He also said we should be thankful for capitalism.Stock markets hit record highs again this week. Some of it was due to more optimism about a trade deal. Peter said he underestimated the impact of QE4 on the markets.I mean, I knew QE4 was coming. I was 100% sure of that. I knew the Fed was going to cut rates, and they’ve...

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Peter Schiff: This Stock Market Rally Is Being Driven By a Weak Economy

In his most recent podcast, Peter Schiff said something that seems rather perplexing on the surface. He said that the current stock market rally isn’t being driven by a strong economy. It’s actually being driven by a weak economy.How can this be?Well, the underlying economic weakness is what keeps the Federal Reserve in play and it’s the Fed’s loose monetary policy that’s goosing this market.The Federal Reserve released the minutes from its October FOMC meeting. The Fed...

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Peter Schiff: There Are Bubbles Everywhere and They’re All Going to Pop

The Dow pushed above 28,000 on Friday. The Nasdaq also closed on a record high above 8,500, and the S&P 500 made a new record high of 3,120. This despite some more gloomy economic data that came out during the day. Industrial production dropped more than expected, falling by 0.8 in October. Inventory numbers were also revised down. All of this led the Atlanta Fed to revise its Q4 GDP estimate down to 0.3.In his most recent podcast, Peter Schiff said that it’s QE and Federal Reserve...

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Peter Schiff: The Stock Market Is Overlooking Bad Economic and Political Data

Stock markets made new highs on Wednesday, but as Peter Schiff explained in his latest podcast, there are a lot of cracks under the surface. The markets are surging forward even as they overlook bad economic data and chilly political winds.While stock markets are generally trending up, only about 10% of the individual stocks are actually making new highs. And a lot of the darlings of the market are tanking. Take Uber, for instance, a company that just announced a big...

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Peter Schiff: It’s Not a Great Economy Driving Stocks; It’s the Fed!

The Nasdaq and the S&P 500 closed on record highs Friday after a stronger than expected jobs report. But in his podcast, Peter Schiff said that the stock markets aren’t surging because of a great economy. They’re surging because of bad monetary policy.The economy added 128,000 jobs in October, according to the Labor Department. That beat the expectation of 98,000. Trump economic advisor Larry Kudlow called it a great jobs report and a sign of a strong economy. In...

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Peter Schiff: When Is the Market Going to Wake Up to this Con?

As expected, the Federal Reserve cut interest rates another 25 basis points on Wednesday.The mainstream read the post FOMC meeting comments to be relatively hawkish, saying Powell and Company seemed to indicate that future rate cutting is on pause.Peter Schiff opened up his podcast reminding us that just one year ago, the Fed was raising rates and telling us it would continue to do so through 2019. It also claimed that quantitative tightening was on “autopilot.”And they said this with a...

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Peter Schiff: Everything Old Is New Again

Years ago, markets used to pay a lot of attention to the money supply and trade deficits. Now, these numbers barely get a passing mention. In his latest podcast, Peter Schiff said he thinks what is old will become new again and trade deficits and money printing will once again come front and center.The dollar has been trending weaker over the last few weeks and bond prices have been falling, with bond yields increasing accordingly. Peter said this reveals the problems that are building in...

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Peter Schiff: Trump and the Fed Are Reading Off the Same Script

Stocks took off on Friday on several big news items – most significantly President Trump’s announcement that the US and China have worked out phase one of a trade deal. In his podcast, Peter broke down the news. He also made an interesting observation: Trump and the Federal Reserve seem to be reading off the same script. The consumer sentiment number for September came out Friday higher than expected.  As Peter noted, this index is regarded as very important.It measures...

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