“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.”
Peter Schiff Blog
Peter Schiff`s Investment Commentary - Tracking Schiff`s Media Appearances And Market Commentary
Monday, June 17, 2013
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."
"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."
Thursday, June 13, 2013
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.”
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.”
Monday, June 10, 2013
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.”
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