I am recording this podcast on Cyber Monday Cyber Monday first got its name because e-commerce wanted its own version of Black Friday It’s losing some significance, given it is losing some of its competitiveness because of the strong online sales during Black Friday Online sales were up about 20% over last year, but the …
Weak Holiday Sales Confirm The Best Bargain Is Gold – Ep. 121 Read More »
Podcast: Download
Tomorrow is Thanksgiving Day, one day before Black Friday The one day of the year where Americans make their annual pilgrimmage there they stampede to the nearest mall to buy stuff they really don'[t need and can’t afford It’s almost like a black and blue weekend I believe that this will be a pretty weak …
Retailers May Still Be In The Red After Black Friday – Ep. 120 Read More »
Podcast: Download
Earlier Wednesday, they released the FOMC minutes Everybody expected the minutes to express the FOMC intention to raise in December CNBC’s Steve Liesman says it’s a sure thing The minutes show that most members believe that the conditions will be right for a December rate hike but, it depends on the data that comes out …
Markets Read What They Want Into FOMC Minutes – Ep. 119 Read More »
Podcast: Download
Friday the 13 was an unlucky day on Wall Street The Dow was down over 200 points – the second back to back decline of over 1% since August What was happening in August? Everybody was convinced the Fed was going to raise rates in September Now, everybody is just as convinced that the Fed …
Did The Fed’s Luck Run Out On Friday The 13th? – Ep. 118 Read More »
Podcast: Download
By: Peter Schiff, President and CEO Euro Pacific Capital Nearly 92% of economists surveyed this week by the Wall Street Journal expect that our eight-year experiment with unprecedented monetary easing from the Federal Reserve will come to an end at the next Fed meeting in December. Since we have had the monetary wind at our …
When I recorded my last video blog, I mentioned how positively the market reacted to jobs report, which could signal the Fed to raise rates I said there might be a delayed reaction and, in fact it did Four days into this trading week we are down more than 450 points Also, I did an …
Markets, Economy, Republican Debates – Ep. 117 Read More »
Podcast: Download
Friday, November 6, 2015 Earlier today the government released the Non-Farm Payroll Report for the month of October I was told that this was the most import Non-Farm Payroll report ever They were looking for 190,000 jobs and we created 271,000 jobs Everybody now has jumped to the conclusion that a December rate hike is …
Over-Hyped Oct. Jobs Report Does Not Assure Dec. Rate Hike – Schiff Report Read More »
Podcast: Download
Here we go again; Janet Yellen was on Capitol Hill testifying about the banking system Forget about all her comments about how solvent the banking industry is – of course it’s not The banking system is more vulnerable and more highly leveraged than before the bailout I am focusing on what she did or did …
The Great Rate Hike Hoax – Ep. 116 Read More »
Podcast: Download
By: Peter Schiff, President and CEO Euro Pacific Capital Most economists and investors readily acknowledge that the current period of central bank activism, characterized by extended bouts of quantitative easing and zero percent interest rates, is a newly-blazed trail in economic history. And while these policies strike some as counterintuitive, open-ended, and unimaginably expensive, most …
