Peter's Blog

Student Loan Reforms to Watch for in 2017

So far, the Trump administration continues to deliver on some key campaign promises. These promises include the travel ban, federal hiring freeze, and authorizing the construction of the US-Mexico border wall. Higher education is another issue Trump will likely be addressing in the coming months, as it continually ranks as the biggest source of consumer […]

Gold Investors Eyeing Fractured Republican Coalition

Gold prices have gotten a Trump bump this week following last Friday’s travel ban and the worldwide condemnation heard from foreign leaders and thousands protesting at US airports. Donald Trump’s first 11 days in office continue to demand investor attention, even as FOMC meetings begin today. Whether the Fed will raise rates is being overshadowed […]

Trump’s Trade Plan Means We Pay for the Wall

While many are criticizing Trump’s travel ban put into effect this weekend, others are considering something more impactful to US interests: his tax reform bill. Last week Trump spun out several talking points surrounding his tax plan, which would “reduce our trade deficits, increase American exports and … generate revenue from Mexico that will pay […]

Day 7: Trump’s ‘Big, Fat, Ugly Bubble’ Becomes Bull Rally

Today SchiffGold begins its newest weekly series, the “Trump 100”, a continuing look at the new President-elect’s first 100 days in office. Our series will provide you Peter Schiff’s unique perspective on Trump’s executive orders, financial stimulus, deregulation policies, and everything else essential to managing your portfolio.

Dow 20,000 is Canary in the Coal Mine for the Coming Recession

On Wednesday the Dow hit a historic high of 20,000. In response, Trump tweeted “Great!” a description that sounds contradictory to his campaign message that the stock market is a “big, fat, ugly bubble”. Peter Schiff points out this contradiction in his latest podcast along with an examination of the “pillars” propping up the US […]

Trump Tax Cuts Won’t Have the Effect Reagan’s Did

David Stockman, former budget director for Ronald Reagan, appeared on Fox Business recently to discuss Donald Trump’s tax cut plans and the coming debt ceiling crisis he’s predicting this summer. Stockman doesn’t see tax cuts as a possibility given the nation’s current debt levels. Stockman wants to dispel the myth that Donald Trump’s economic plans […]

Successful Trump Plan Will be Rude Awakening for Americans

Speculations on the implications of Trump’s economic plans are intensifying after his inaugural address on Friday. Peter Schiff deconstructed Trump’s speech in his latest podcast, focusing on the new President’s pledges to “Make America Great Again” by bringing back manufacturing or “Putting America first” by renegotiating trade deals with foreign countries. Peter explains what real […]

Fed Up Friday: Trump and Yellen on the Verge of a Clash

As Trump takes office today, we look forward at the inevitable conflict to come between the President and the Fed. The tug-of-war may come thanks to the Fed’s target 2% inflation, the Fed’s lack of tech savvy, or something completely different. Donald Trump and Janet Yellen Look to Be on a Collision Course A New […]

Yellen and Trump Comments Send Dollar on Wild Ride

Only a few days after President-elect Trump’s comments talking down the dollar, Fed Chairwoman Janet Yellen has sent the greenback rebounding today with strong hints of multiple interest rate hikes “a few times a year” for the next few years. Yellen and the FOMC raised the federal funds rate by a quarter point at December’s […]

Trump’s Administration Holds Weak Dollar Policy

In podcast 221, Peter Schiff shows how Trump’s policies seem to be over before they even get started, and takes the New York Fed President to task for reckless advice to homeowners. Peter said he sees the President-Elect’s recent comments to the Wall Street Journal about the overvaluation of the dollar as representing an unstated […]