Peter's Blog

Nasdaq Officially Dips Into Bear Territory

The Nasdaq officially dipped into bear territory on Thursday. The tech-heavy index rallied off its interday lows to close just a rounding error away from official bear status — for now. The Nasdaq has lost nearly 20% of its value in just four months. Reuters called it “the latest sign that the bull market that […]

The Federal Reserve Just Stuck a Fork in the Stock Market

As expected, the Federal Reserve nudged interest rates up another 25 basis points to 2.5% during its December meeting this week. It also scaled back its projected hikes in 2019 from three to two. Peter Schiff said Jerome Powell and company just stuck a fork in the stock market.

Peter Schiff: This Isn’t Going to Be Your Garden-Variety Recession (Video)

The mainstream is starting to get a little bit nervous. As we reported yesterday, a CNBC interview with DoubleLine Capital founder Jeffrey Gundlach got the mainstream talking about the possibility of a bear market. There is also increasing concern about a looming recession. In a recent New York Times survey, almost half of the 134 CEOs […]

Peter Schiff: A December to Remember

This is shaping up to be a December to remember. Wall Street is on pace for its worst December since 1980.

Peter Schiff: The Economy Is Fundamentally Weak (And Is Sex Really Better Under Socialism?)

Stocks continued to get pummeled and pundits continue to claim there’s nothing to worry about. They say the economy is fundamentally strong. But is it? Really? Peter Schiff doesn’t think so.

Peter Schiff: The Economy Needs a Painful Restructuring Thanks to the Fed

Stock markets have been extremely volatile this week, with massive swings in both directions. The markets rallied on Wednesday, primarily due to optimism about progress in the trade war. On the week, the Dow is up around 100 points, but it also put in new lows. In his most recent podcast, Peter Schiff said he […]

Janet “There Won’t Be Another Financial Crisis in Our Lifetime” Yellen Worried About Another Crisis

Remember back when Janet Yellen was heading up the Federal Reserve and she claimed there won’t be another financial crisis “in our lifetime?” You don’t have to think back too far. It was just about 18 months ago. Tuesday, June 27, 2017, to be precise. But now that Yellen has vacated the Eccles building and taken […]

What’s Up With Precious Metals? It’s Your Dime Interview With Precious Metals Expert Chris Blasi

What’s going on in precious metals markets? Is a recession looming? If so, what does that mean for gold and silver? In this episode of It’s Your Dime, Mike Maharrey talks to precious metals and investment expert Chris Blasi about these questions and much more.

Peter Schiff: Popping Bubbles Will Have Dire Political and Economic Consequences

Peter Schiff appeared on RT America Friday to talk about the big stock market selloff in the wake of the arrest of Meng Wanzhou, a Chinese businesswoman accused of violating US sanction laws. The markets reacted negatively, fearing the arrest could derail apparent progress in the trade war. Peter said Wanzhou’s arrest may have provided the […]

Americans Pile on More Debt; Outstanding Consumer Credit Approaching $4 Trillion

Americans continue to bury themselves in debt. US consumer credit rose by the largest amount in 11 months in October, as Americans piled on another $25.4 billion in debt, according to the latest consumer credit report by the Federal Reserve. Total consumer indebtedness is rapidly approaching $4 trillion, with Americans currently $3.96 trillion in the […]