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Monday, June 17, 2013

We Have to Prepare for Rising Interest Rates

“People are underestimating just how much interest rates are going to go up, how fast rates are going to rise, and what the impacts are going to be on the economy, on the housing market, on the stock market, on the banks, and the government’s ability to service its debts.”

Friday, June 14, 2013

Listener Questions 06/13/2013 Preview

Ben in Long Island, NY asks...

"I am wondering why there are so many technology companies like Google, Apple, and Facebook in California because California is a state with a huge government and a lot of regulations and taxes."

Wednesday, June 12, 2013

Gold Decline Is Over, Bond Bubble Is Burst

“Gold is not going down because long term rates are rising. In fact, I think long term rates are rising because inflation expectations are rising, because people are losing confidence in the ability of the Fed to dial back the QE. They’re losing confidence in the credit worthiness of the United States… I think you’ve got a great buying opportunity in the gold market. On the other hand, the bond market is topping out. You’ve got a bubble that is burst in the bond market, and so the bond market is just starting its decline. I think the gold market is about finished with its decline.”

Peter Schiff argues against three typical liberals on CNN's Fareed Zakaria's GPS - Full Interview

Overcoming The Media's Spreading of Stupidity

Tuesday, June 11, 2013

Peter Schiff: Just Wait Until the Gold Market Turns

“When the gold market turns, it’s going to be vicious. I think it’s going to rally even faster than it went down. But rather than worrying about the top of the gold market – I don’t think there’s a top there – but there is a big top in the bond market. And this is the achilles heel of the US economy. And people were worried about tax hikes. Higher interest rates are much bigger tax hikes than what we were looking at when we were worried about the fiscal cliff or the sequester. This is big and it’s a tax hike on the US government. Not just on the American people but on the US government itself.”

May Jobs Report - Beating Lowered Expectation Is Nothing To Celebrate

Friday, June 7, 2013

This Rally Has Been Based on a “Fantasy,” Says Peter Schiff

“I think Wall Street has been trying to convince itself that despite the data, the U.S. economy is actually recovering,” says Schiff. “And I think over the last several weeks so many data points have come in to disappoint this fantasy of an economic recovery, that I think maybe it’s finally starting to set in.”