The Trump fantasy rally continued today, of course the big irony here is that all of the stock traders who were so worried about a Donald Trump presidency Now, he’s Ronald Regan re-incarnated They’re partying like it’s 1983 – when Regan first stepped in the market had a very difficult couple of years We went […]
QE4 Is Going To Be Huge – Ep. 213 Read More »
The Dow Jones is in record territory, closing above 19,000; they’re already starting to talk Dow 20,000 now The markets are euphoric All the traders who were so convinced that President Trump would be a disaster for the stock market, now think it’s a boom for the stock market It shows you how fickle
Trumped Up Irrational Exuberance Continues – Ep. 212 Read More »
The stock market continues to ride the Trump wave to new highs, in fact the Russell 2000 hit an all-time record high today The enthusiasm for stocks not being dampened by the carnage in the bond market We now have the yield on the 10-year treasury up at around almost 2.3 And the yield on
Yellen’s Remarks Cause Markets To Anticipate The Impossible – Ep. 211 Read More »
By: Peter Schiff Thursday, November 17, 2016 The election of Ronald Reagan in 1980 provides the best recent precedent for the unexpected triumph of Donald Trump (in my opinion, the other post-war Republican takeovers of the White House –Ike in ’52, Nixon ’68, and W. in ’00 – did not constitute a real break from
King of Debt Takes the Reins Read More »
What a difference a day makes Between Tuesday evening, when the markets first began to realize that Donald Trump was going to win the election and the predictions of collapsing stocks and soaring gold prices appear to be taking hold Because at one point the Dow was down about 800 points and gold was up
Fiscal Stimulus Impossible Without Monetary Stimulus To Finance It – Ep. 210 Read More »
By: Peter Schiff Thursday, November 10, 2016 Stunned political analysts are missing the most plausible argument explaining Donald Trump’s unexpected victory. The misreading of the American electorate stems from the political class’ acceptance of mistaken (and increasingly insane) economic dogma that has arisen over the past generation. Based on their flawed understanding of economics, the
Midnight in America Read More »
It is Wednesday, November 9, 2016, one day following one of the biggest political upsets in U.S. political history As Donald Trump shocked everybody by defeating Hillary Clinton Hillary Clinton was supposedly the most qualified person ever to seek the U.S. Presidency, and Donald Trump had no experience whatsoever And the establishment had already sworn
Making America Great Again Will Be Much Harder Than Voters Think – SchiffReport Read More »
It’s not going to be a new record as far as the consecutive days of declines for the U.S stock market The 9-day losing streak ended today in a huge pre-relief Clinton victory rally The markets had been factoring in a higher probability of a Donald Trump victory ever since the FBI announced that they
Will A Trump Win Rain On Stock Market’s Clinton Victory Parade? – Ep. 209 Read More »
Today U.S. stocks extended their losing streak to 9 consecutive days We haven’t had a losing streak this long since 1980 – that was 36 years ago 8 consecutive down days last took place in the financial crisis year of 2008, so we had tied that yesterday Now we one-bettered it and we’re back to
Stocks Slide As Jobs Report Keeps Rate Hike Possibility Alive – Ep. 208 Read More »
Today the possibility of a Fed rate hike in December rose about 10 points We’re now at about an 80% probability, at least the way the markets assess the odds That the Fed will raise rates in December after failing to raise rates today If you remember, after they didn’t raise rates last time there
Is Nov. Trump Victory More Likely Than Dec Rate Hike? – Ep. 207 Read More »