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Tag Archives: Stock market

Peter Schiff: Veto Everything!

Peter Schiff recently did an interview with David Lin on Kitco news. Peter talked about the devaluing dollar, the stock market bubble, his investment strategy, the trajectory of the global economy, and finally, what he would do if he was president of the United States. In a nutshell, Peter said he would veto everything.Is the stock market a bubble?Lin opened this section of the interview by asking Peter about where he thinks “risk assets” are heading in 2021. Peter said...

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Peter Schiff: Congress Is the Real Threat, Not Protests

Somewhat lost in the chaos of the DC protests was the fact that Democrats won both Georgia Senate runoff races. That effectively gives the Democrats control of both houses of Congress. In his podcast, Peter Schiff made the case that Congress is the real threat to America, not the protesters who broke into the Capitol building.Peter said he thinks that Trump’s threat to veto the spending bill unless Congress upped the stimulus checks to $2,000 was a key reason the Democrats won.That put...

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Peter Schiff: Are Global Financial Markets Beginning to Decouple?

The first trading day of 2021 was, as Peter Schiff put it, “atypical.”In his first podcast of 2021, Peter analyzed the unusual day on Wall Street and explored a significant question: are we beginning to see the decoupling in the global financial markets that he’s been predicting for years?The major indexes opened up but then closed sharply down on the day. The Dow Jones set a new record before falling 382 points. The S&P 500 set a record and then dropped 1.5%. The...

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Peter Schiff: Will 2021 Be the Year the Chickens Come Home to Roost?

There aren’t many people sad to see 2020 in the rearview mirror. But there’s no guarantee that 2021 is going to be any better. In his podcast final podcast of 2020, Peter Schiff said that hopefully, the upcoming year will be better healthwise in terms of COVID-19, but economically, this could be the year the chickens come home to roost.Not just the ones that we let out in 2020 but the ones we have been letting out for the years and years and years that preceded 2020.”[embedded...

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Peter Schiff: Fed Fuels IPO Folly

There were two big IPOs last week – DoorDash and Airbnb. Both companies raised over $3.5 billion in their public offerings. In his podcast, Peter Schiff talked about the IPO frenzy. He argues that it has very little to do with funding great business ventures. It’s more about making a quick buck in a market juiced by easy money from the Federal Reserve.DoorDash started in 2012, and Airbnb was founded in 2008, but neither company has turned a profit in any year they have operated. This big...

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Peter Schiff: Government “Help” Is Not Helping

The stock market is booming as everybody anticipates an end to the coronavirus pandemic with the rollout of a vaccine. But as Peter Schiff pointed out in this podcast, the rally isn’t really about a cure for COVID. It is being driven by government and central bank policies meant to shield us from the pain of the pandemic. The problem is this government “help” really isn’t helping. In fact, it’s made a bad situation much worse.The Dow Jones was up 11.8% last month. It was...

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Market Mania! SchiffGold Friday Gold Wrap Nov. 27, 2020

The Dow Jones cracked 30,000 this week and stocks continue to surge generally upward as investors are embracing risk-on sentiment based on high hopes a vaccine may put an end to the coronavirus pandemic. But there’s more to it than that. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a deeper look at what’s really driving this market mania, and he also takes down the myth that printing more money means more wealth.The SchiffGold Friday Gold Wrap podcast combines...

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Peter Schiff: The Real Villain Is the Fed

We’re approaching all-out market mania with optimism about a COVID vaccine and the ensuing economic renaissance that many seem convinced is right around the corner. On Tuesday (Nov. 24) the Dow Jones closed about 30,000 for the first time.On his podcast, Peter Schiff talked about the big stock market rally. He said it’s not really about the presidential election, or the COVID vaccine, or excitement about Joe Biden. The rally is all about the Federal Reserve. And it always has...

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Peter Schiff: We’ve Sold Our Monetary Souls to the Devil

Stocks continue to surge upward thanks to optimism about a coronavirus vaccine. Of course, stocks have been on a bull run ever since their big March drop at the beginning of the pandemic. This led Peter Schiff asks a poignant question during his podcast: if COVID-19 didn’t hurt the stock market, why should a vaccine help?This week Moderna announced success in a coronavirus vaccine trial, adding to the optimism that an effective vaccine could be out soon. Stocks were up and gold sold off,...

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Peter Schiff: There Is No Vaccine For What Ails the Economy

Stocks soared, and gold and silver sold off Monday after Pfizer announced success in stage III coronavirus vaccine trials.During his podcast, Peter Schiff talked about the crazy day in the markets and suggested we might want to tap the brakes when it comes to the excitement about a COVID vaccine because there is no vaccine for what actually ails the economy.Gold suffered its biggest decline since June 2013, falling nearly $100 at one point. Despite the selloff, gold did manage to hold...

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