Peter's Blog

Has the Auto Bubble Popped? GM Announces Plant Closures and Layoffs

Last week, we reported that it looks like the air is coming out of housing bubble 2.0. Now it appears the auto bubble may have also popped. Yesterday, GM announced plant closures and layoffs due to sluggish sales. The big automaker said it plans to shutter five North American factories and slash around 14,000 jobs. 

Is the Air Coming Out of Housing Bubble 2.0?

Peter Schiff put it pretty bluntly in a podcast last week. We don’t have a booming economy. We have bubbles. And it looks like the air is starting to come out of some of those bubbles. We see signs of trouble, particularly in interest rate-sensitive sectors such as real estate. As just one example, home sales in […]

Economy Rolling Over: Focus On Housing And Tariffs

As the stock market was tanking last month, Peter Schiff said a recession is obviously coming. Now things have calmed down a little bit and everybody seems convinced October was just a bad month —  a needed correction. But as Peter has been saying, there are some fundamentals everybody is ignoring that look really bad. […]

Andrew Cuomo on Halloween – Far More Terrifying Than Michael Myers

Peter Schmidt recently wrote two article highlighting the fatal conceit of PhD central planners who populate the world’s central banks. You can read those articles here and here. But central banking is not the only place you find people suffering from fatal conceit and the delusional notion that they are smart enough to micromanage the economy. […]

Peter Schiff: If You Don’t Know You’re in a Bubble, You Don’t See the Pins

Earlier this month, Peter Schiff wondered out loud if the twin deficits of government budget and trade could spark an October surprise. The month isn’t over yet, but it certainly hasn’t been a good one for stock markets. The Dow is down 3.8% in October. And it’s the best performing of the stock indexes. The […]

Subprime Mortgages Among Fastest Growing Investments for US Banks

“As a dog returns to its vomit, so fools repeat their folly.” – Prov. 26:11 It appears there is some repeat folly brewing. Remember subprime mortgages? Well, they’re back. 

What’s Up – Or Down – With the Dollar? SchiffGold Friday Gold Wrap 01.26.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Housing Bubble 2.0

We’ve written extensively about the stock market bubble blown up by artificially low interest rates and Federal Reserve quantitative easing. But stocks aren’t the only asset bubble out there. In fact, 2017 may go down as the year of the bubbles. And the new housing bubble is one that seems to be floating under the […]

Mortgage Lenders Loosening Credit Standards as Home Prices Spiral Upward

Remember back when mortgage lenders loosened credit standards making it easier to get a loan and blew up a giant housing bubble? That’s happening again. According to a report released by Fannie Mae, lenders facing lower profit margins are trying to expand the borrower pool. Facing constrained mortgage demand and a negative profit margin outlook, […]