The Dow 20,000 party is going to have to wait until 2017 Although I wouldn’t necessarily buy a ticket for January The selloff that started this week may resume in the first week of the new year The dow rang out the old year with a 57-point loss to cap a losing week Probably the …
Hollywood Minimum Wage Hypocrisy – Ep. 216 Read More »
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The Dow 20,000 party is going to have to wait – at least for another day The Dow was down a little bit today – 23 to 19,918 The broader market was a bit weaker than the Dow The markets continue to shrug off very weak economic news that came out throughout the day We …
Ep. 215: Irrational Exuberance Trumps All Read More »
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By: Peter Schiff, President and CEO Euro Pacific Capital The optimism that has followed the election of Donald Trump has pushed the Dow Jones Industrial Average to the threshold of 20,000, a level that will be both a nominal record and a symbolic milestone. Although this is not the way most observers had predicted that …
On Wednesday, the Federal Reserve did exactly what they did last year They waited until the last possible meeting to nudge the Federal Funds rate by 1/4 of 1% So now, after 2 years of tightening, the lower bound of the Fed’s range has gone from zero to 1/2 of 1% Now Janet Yellen said …
Fed Fakes Confidence With Another Dec. Quarter Point Rate Hike Read More »
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It’s been a while since my last podcast and I’ve gotten quite a few emails from people wondering what happened to me I was out of the country for about a week, and I did manage to get one podcast off from my hotel room But when I got back, I was backed up with …
A Candidate’s Bubble Is a President-Elect’s Bull Market – Ep. 214 Read More »
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By: Peter Schiff Monday, December 12, 2016 The United States of America was founded on the principals of limited government and sound money. Today we have neither. The growth of the former has largely been a function of its ability to abolish the latter. A dollar was original defined as a specific weight of gold …
