Peter's Blog

Peter Schiff: Nobody Wants to Deal With the Truth

The stock market got a nice bump on Monday with the news that there was a “truce” in the trade war. That lasted all of one day. The markets tanked on Tuesday as investors realized the “truce” really didn’t mean anything. The Dow Jones plunged 799 points, a 3.1% drop. The S&P 500 declined 3.2%, […]

The Everything Bubble Is Going to Pop

We talk a lot about bubbles in the economy. Over the last few weeks, we’ve discussed the stock market bubble, the housing bubble, the auto bubble and the debt bubble. Nick Giambruno simplifies things in an article he recently wrote for the International Man. He just calls it the “everything bubble.” And he says it will […]

The Fed’s Crazy Game of Chicken

As Peter Schiff put it in his most recent podcast, Jerome Powell blinked. In a surprising about-face, the Federal Reserve Chair hinted that interest rates are “just below” neutral, leading to speculation that the central bank might be close to ending its tightening cycle.  Peter said the Fed has basically been playing a game of chicken […]

Fed Chair Releases Dovish Trial Balloon; Says Interest Rates Are Close to “Neutral”

Stocks rallied and the price of gold got a bounce after Federal Reserve Chair Jerome Powell released a dovish trial balloon on Wednesday. During a speech at the Economic Club of New York, Powell seemed to indicate interest rates are “just below the broad range of estimates of the level that would be neutral for […]

Peter Schiff: This Is a Bubble Deflating (Video)

Peter Schiff appeared on RT Boom Bust last week and reiterated he thinks we have entered a bear market. In fact, what we’re seeing now is a deflating bubble. 

Peter Schiff: The Confidence Bubble Has Popped

Yesterday was another bad Monday on Wall Street. The Dow Jones dropped nearly 400 points and the NASDAQ fell deeper into “correction territory,” dropping another 3%. All five “FAANG” stocks closed in bear territory. These are the tech stocks that have propelled the long bull market. The NASDAQ is down 12.5% this quarter. Apple’s announcement […]

Peter Schiff: When Everything Blows, Gold Is Going Ballistic

Peter Schiff appeared on RT Boom Bust last week to talk about gold and silver. He said the time to buy is right now! Precious metals are going up in the long run and the long run may be here sooner than people think.

Another Ugly Day on Wall Street; Is the Air Coming Out of the Bubble?

Wednesday was another ugly day on Wall Street. Stocks tanked, wiping out gains for the year in both the Dow Jones and S&P 500 Index. The Dow fell 608 points and the S&P 500 shed 3%. The Nasdaq plunged 329 points and lapsed into a correction territory. It was the largest daily decline on Wall […]

Nearly 40% of S&P 500 Stocks Already in Bear Territory

Peter Schiff has mentioned before that about 25% of the stocks listed on the S&P 500 have already slipped into bear market status. A recent article published by ZeroHedge confirmed what Peter said, and further indicated that a big chunk of the stocks in the index appears to be in trouble.

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 […]