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Tag Archives: Trade War

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: This House of Cards Will Come Crashing Down on Consumers

Stocks closed out November on a high note with the hope of a trade deal fueling Wall Street. But is this warranted? And are consumers really doing a well as the mainstream would have us believe? Peter Schiff appeared on last week to talk about it. He said it’s all a house of cards and it’s going to come crashing down on American consumers.Peter started out the interview talking about Hong Kong. The territory became a focal point in trade talks between the US and China after President...

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U.S. Data Continues To Disappoint…

A Pfennig For Your Thoughts December 3, 2019 * Currencies & metals rally on Monday* Waiting for a short squeeze in Gold? Good Day… And a Tom Terrific Tuesday to you! Well, have you recovered from your Thanksgiving weekend, of… maybe travel, eating, celebrating, etc.? I had forgotten last night, that the Blues were playing the Blackhawks… But remembered just in time to turn the game on, only to see the first goal of the game… I can’t remember a Blues/ Blackhawks hockey game with very...

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Delicious Irony from the Fed: SchiffGold Friday Gold Wrap Nov. 29, 2019

Stock markets hit new highs again this week. If you believe the headlines, the bullishness on Wall Street is mostly a function of trade deal optimism. But there’s another factor driving stocks higher – easy money courtesy of Federal Reserve (not) quantitative easing. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the impact QE4 is having on the markets and some delicious irony courtesy of a paper published by the central bank that admits its own policy might just...

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Peter Schiff: This Is Going to End Very Poorly

On Nov. 18, Peter Schiff appeared on RT Boom Bust to talk stock markets, trade war and Federal Reserve policy. He said that right now the Fed is doing a good job stimulating the bubbles, but ultimately, it’s going to end very poorly.On the trade war front, there seems to be a lot of conflicting information and continual yo-yoing between pessimism and optimism. The Chinese seem less confident while White House economic advisor Larry Kudlow says a deal is close.Peter said he thinks China is...

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J. Powell Goes to Congress: SchiffGold Friday Gold Wrap Nov. 15, 2019

There was more optimism about a trade deal this week. There was also more pessimism about a trade deal this week. Markets reacted accordingly. But there was some other interesting news out there. Jerome Powell lectured Congress about the national debt and last month’s inflation data came in hotter than expected. Host Mike Maharrey covers these stories and more, and basically ignores the trade war gossip, on this episode of the SchiffGold Friday Gold Wrap podcast.The SchiffGold Friday Gold...

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Delusional Market Overreaction: SchiffGold Friday Gold Wrap Nov. 8, 2019

It’s been a tough week for gold and silver and a record week for stocks because of — you guessed it — optimism about a trade deal. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the news of the week. Along the way, he also compares fickle investors obsessed with the latest trade war headline to a delusional sports fan who can only fixate on his team’s most recent game.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious...

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U.K. Parliament Says “NO” On BREXIT Deal…

A Pfennig For Your Thoughts Rocktober 23, 2019 * Currencies give back more of their Friday gains… * Fed interjects nearly $100 Billion… this is getting crazy! Good Day… And a Wonderful Wednesday to you! The World Series began last night, and the Nationals did something that few teams have been able to do… they hit Astros pitcher, Garret Cole…. I’ve always been a “National League Guy”, but I did pick the Astros to win it all… I just thought they would be playing the Dodgers… UGH! I received a...

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That Seems Less Than Ideal: SchiffGold Friday Gold Wrap Oct. 18, 2019

News of a possible “phase 1 trade deal” and movement toward a resolution of the Brexit fiasco have buoyed stocks and put a lid on silver and gold this week. But positive vibes on these two fronts overshadowed a lot of economic data that came out this week that was less than ideal. It seems the American consumer might be getting close to being maxed out. In this episode of the SchiffGold Friday Gold Wrap podcast, host Mike Maharrey digs into a big pile of debt and more.The SchiffGold Friday...

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Let Me Know When It’s Over

Let me me know when it’s over: yes, all of it: the impeachment, the trade dispute with China, U.S. involvement in Syria, the manic stock market rally and the 2020 election. I’m not interested in following every twist and turn of the endless trauma-drama because none of it changes anything: Swapping Pence for Trump changes nothing, and then swapping Warren for Pence in 2020 doesn’t change anything, either: the rot is too deep for any one person to do much beyond feel-good...

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