Let me begin my final podcast of 2015 by wishing all of my listeners a Happy New Year It certainly wasn’t a happy New Year’s Eve Day on Wall Street Normally the last day of the year is a positive one; you normally have a Santa Clause rally and it continues on to New Year’s […]
Bubbles Popping On Wall Street This New Year’s Eve – Ep. 127 Read More »
Recording this podcast on Monday afternoon; the stock market closed about an hour ago, and the stock market was up over 100 points today, but the more dramatic days happened on Thrusday and Friday Despite the initial euphoric increase in the stock market that greeted the Fed’s highly anticipated quarter-point rate hike on Wednesday the
CNBC Calls Me Out on Gold – Ep. 126 Read More »
By: Peter Schiff, President and CEO of Euro Pacific Capital On May 1, 2003 on the flight deck of the USS Abraham Lincoln then President George W. Bush, after becoming the first U.S. president to land on an aircraft carrier in a fixed wing aircraft (in a dashing olive drab flight suit), declared underneath an
Mission Accomplished Read More »
Yesterday, the Federal Reserve finally met market expectations and increased interest rates to .25% Actually, the official rate was 0 – .25 and now, the official rate is .25 to .5 The actual rate was always in the middle between zero and .25 Assuming the Fed tries to keep the rate closer to .25 than
Janet Yellen Gets Nuts – Ep. 125 Read More »
The U.S. stock market finished up its worst week since August, when everybody though a rate hike was just around the corner Substantial triple-digit losses across the board The Dow Jones closed down 309 points – almost 4% Similar percentage decline for the S&P 500 The NASDAQ dropped 111 points, over 4% decline for the
Is the Fed Playing Chicken With the Stock Market? – Ep. 124 Read More »
We are just about a week away from the Federal Reserve’s first rate increase in about 10 years Everybody believes the stage is set for liftoff based on the most recent better than expected Non-Farms Payroll report The idea is that the only thing preventing the Fed from liftoff would have been a horrific jobs
Data Be Damned, Rate Hike Ahead? Read More »
By: Peter Schiff, President and CEO of Euro Pacific Capital Over the past year, while the U.S. economy has continually missed expectations, Federal Reserve Chairwoman Janet Yellen has assured all who could stay awake during her press conferences that it was strong enough to withstand tighter monetary policy. In delivering months of mildly tough talk
Fed’s Rocket Ship Turns Hoverboard Read More »
Mario Draghi of the ECB sent shockwaves through the foreign exchange and currency markets today He didn’t deliver the stimulus traders expected The big question is, will Janet Yellen surprise the market by failing to raise rates? The ECB did slightly lower interest rates, and extended QE if it will be needed Draghi’s goal is
Draghi Fails To Deliver. Will Yellen Be Next? – Ep. 123 Read More »
The price of gold was down another $15 today, a 6-year low Selling began early this morning following a better than expected jobs report from ADP This is private payrolls released a couple of days before the official government Non-Farm Payroll number, coming out on Friday Last month’s ADP report was 182,000 jobs, which was
Yellen’s Confidence Defies Data, Logic, and Common Sense – Ep.122 Read More »