RATE AND REVIEW this podcast wherever you listen. Turkey is the Epicenter of Emerging Market Concerns Right now, the epicenter of the concerns about the emerging markets is coming from Turkey. What is the problem with the Turkish lira? Turkish President Erdogan is veering off into some very dangerous territory with his stance with the Central Bank of Turkey and now the political battle of egos that he is having with President Trump over the release of an American pastor who is imprisoned in Turk...
Aug 11, 2018•55 min
RATE AND REVIEW This Podcast https://itunes.apple.com/us/podcast/the-peter-schiff-show-podcast/id404963432?mt=2&ls=1 Alex Jones Banned Alex Jones was banned from iTunes, Facebook, YouTube - his entire YouTube Channel is gone! He had over a million subscribers. The Alex Jones videos on my YouTube channel where I appeared as a guest are still up, but the ones on Alex's site are no longer there. What About the First Amendment? This raises a lot of very interesting and disturbing questions. Firs...
Aug 08, 2018•55 min
RATE AND REVIEW this podcast Wherever you listen. https://itunes.apple.com/us/podcast/the-peter-schiff-show-podcast/id404963432?mt=2&ls=1 Ridiculous Rhetoric in Tariffs One of the drivers behind the increasing cost of living is going to be the tariffs. The rhetoric here is really ridiculous. Talking heads on the mainstream media say, "We've got China by the balls..." "We're going to make them feel some pain..." "They're going to give in..." We're going to force them to play fair because they...
Aug 04, 2018•49 min
RATE AND REVIEW this podcast on Facebook! https://www.facebook.com/PeterSchiff/reviews/ Abolish the Capital Gains Tax? If we simply had no capital gains tax, but wen are still taxing the worker on the value of his labor without any deductions whatsoever, I just don't think that's a fair system. That's one of the reasons I would not want to just abolish the capital gains tax. I would want to abolish the entire income tax and go to an indirect tax, such as sales tax or tariffs. We would obviously ...
Aug 01, 2018•49 min
RATE AND REVIEW this podcast on iTunes! U.S. GDP Growth Reported at 4.1% Today we finally got the highly anticipated first look at U.S. economic growth, or really GDP growth, because the GDP is not that great a barometer of the economy. Nonetheless, thats the one that everybody uses to measure it, and that's the one that we're going to talk about. Perhaps I can get into why the GDP is such a flawed measure in a different podcast; I really don't want to get into it today. I just want to talk abou...
Jul 28, 2018•49 min
POST YOUR REVIEW OF THIS PODCAST ON iTunes Voting Responsibly for Freedom I am "pro" young people because I want them to grow up in a free country. I want them to have every opportunity to be as prosperous as possible. Democracy is actually an enemy of freedom. Young people have a better chance to achieve their goals if the 18-19-20 year old generation aren't voting for leaders who pass policies that will actually undermine our success and our progress. They're not sophisticated enough yet; they...
Jul 25, 2018•51 min
Presidential Tweets Express Anger at the Fed The catalyst today was more tweets from President Trump where he is expressing anger, not only at the Federal Reserve, and at the ECB and at the Bank of China, because he is accusing both Europe and China of being currency manipulators; taking advantage of us by weakening their currencies. He's saying that a weak currency gives you an advantage. It doesn't. Strong Currency Provides Trade Advantage When it comes to trade, it is a strong currency that g...
Jul 21, 2018•41 min
Trump Driver is Suing the Trump Organization On thing I talked about on the Joe Rogan podcast was a story that broke the same day of my last podcast, which I thought was very interesting. It was about Donald Trump being sued by his former personal driver, who still works for the Trump organization, by the way, he's worked there for over 25 years until Trump became President and got a tax-payer provided driver, he had to pay his own driver. I think the guy was getting a $70K/year salary, which to...
Jul 17, 2018•48 min
Misguided Tweet About Pfizer Another misguided tweet that came out today from the President had to do with drugs: Pfizer & others should be ashamed that they have raised drug prices for no reason. They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond! So here's the President, threatening businesses for raising prices; for making a profit. If Oba...
Jul 10, 2018•46 min
"Bring on the Trade War!" Today is Jobs Friday, but before I get to the jobs report, I want to talk a little bit about the escalation of the trade war, In fact, some stories I'm reading are that the trade war began today, or last night. A lot of the tariffs are finally being imposed. The market reacted positively; the Dow was up 100 points today. The NASDAQ was up 100 points as well, which is percentage-wise a much bigger increase - 1.34% move - so who cares about a trade war? "Bring it on! Amer...
Jul 07, 2018•49 min
Market Closed Early for July 4th Holiday The U.S. stock market closed early today, ahead of tomorrow's Fourth of July holiday when the markets are of course closed and Americans are out celebrating Independence Day, the birth of the nation, July 4, 1776. I love the Fourth of July as a holiday; it is purely American. Framers of the Constitution Risked it All One of the problems I have with the Fourth of July is that it makes me feel both good and bad about what happened on July 4, 1776. I am hono...
Jul 03, 2018•50 min
Dow Ending a Down Week on a Positive Note The Dow managed to finish a down week on a positive note; the Dow Jones was up about 55 points - 24,270-ish is where we closed. Although intra-day, we were up better than 250 points, so most fo the losses came toward the end of the day, as the Dow was not able to hold on to all those gains. It held on to some of the gains, but Russell 2000, not as lucky. That index ended up finishing a down week down on the day. Probably the difference is the oil stocks,...
Jun 30, 2018•36 min
Election Results in N.Y.C. Indicate Political Backlash Trump has already said that he's "Made America Great Again", so whatever problems he inherited, he's already claimed to have solved, which means any problems that arise now are brand new, under Trump's watch, and he and the Republicans are going to take the blame. An early warning sign of just how big a disaster this can be arrived yesterday in a N.Y.C. Congressional primary. You had a 10-term incumbent Democrat - the guy's been in Congress ...
Jun 28, 2018•42 min
Stagflation Nobody realized just how bad the economy is, but they're about to find out. All of the economic data that came out this week points to stagflation, if you look at the data. Look at the Philly Fed - dropped down to 19. It is the biggest drop in 4 years; the lowest since the election. Look at the manufacturing PMI - those numbers came out yesterday - dropped to a 7-month low, the lowest since November 2017. If you look at the actual numbers - new orders fell sharply but input cost rose...
Jun 23, 2018•51 min
Upping the Ante The shot heard around the world in the ever-escalating trade war was fired last night by Donald Trump, threatening to impose another $200 billion of tariffs on American consumers wishing to buy Chinese goods. This followed the $50 billion in tariffs. And, remember, when Trump announced the first $50 billion tax on Chinese goods, he threatened that if China retaliated by taxing its own citizens, that Trump would up the ante with even more taxes on American citizens, although he di...
Jun 20, 2018•39 min
ECB Announces Dovish Tightening The big market-moving central bank announcement this week was not the Fed. They came out with their so-called "hawkish hike", but yesterday, the ECB came out and they were supposed to announce the end of their Quantitative Easing program, their own version of the taper, which they did. But they surprised the market by indicating that they would not raise rates above zero, where they are stuck, until the summer of 2019. The markets had not expected such a delay in ...
Jun 16, 2018•37 min
Fed Raises Rates for the 7th Time The Federal Reserve raised interest rates today. I think this is the 7th rate hike. Six of these rate hikes have now taken place since Donald Trump was elected; five of them since he was inaugurated. The official rate now is 1.75% to 2%. The Federal Reserve targets the midpoint of that range. But the Fed has been tightening a lot longer than those 7 rate hikes, because, remember, before they hiked rates, they talked about it and they were tapering. And the taper...
Jun 14, 2018•51 min
Market Movers: Singapore Summit We've got a lot of potentially market-moving events going on this week; we've got the Summit which I think is getting underway this evening with North Korea's President Kim Jong Un and President Trump meeting in Singapore. No Market Move Expected on Rate Hike We've got the Federal Open Market Committee Meeting beginning tomorrow, it's a 2-day meeting ending on Wednesday. The odds of a rate hike are 100%! So in all probability there will be a rate hike. Eventually ...
Jun 12, 2018•47 min
Focusing on Emerging Markets I'm going to spend most of today's podcast talking about what is going on in the emerging markets, in the currency market and in the stock markets; what the speculators are doing, why they are doing it and why I think they are wrong and why I think it creates an excellent opportunity for investors to fade this trade and prepare for the ultimate reversal of these moves. Freedom Fest in Las Vegas But before I get into that, I want to talk about a few other topics of in...
Jun 09, 2018•38 min
Current Events Not much has been going on in the economy or the financial markets the last couple of days. Its been pretty quiet, so I'm going to take an opportunity to record a podcast more on current events and politics, so if you're not interested in those topics, then maybe just wait for my next podcast, although, when I did the Peter Schiff Radio Show 5 days a week, there were people who complained when I did not talk about the markets, or even the economy. But I always enjoyed talking more...
Jun 06, 2018•50 min
Jobs Friday Today is the first day of June and it's also jobs Friday. But before we get to the always highly-anticipated nonfarm payroll number, I want to talk about some of the economic data that came out yesterday, on Thursday. Personal Income and Spending I think the most significant release was the Personal Income and Spending number for the month of April. The spending numbers were so strong that it prompted the Atlanta Fed to adjust its estimate for Q2 GDP all the way up to 4.6% and I thin...
Jun 02, 2018•39 min
Economy Slowing Down We got quite a bit of economic data that was released today, pretty much all of it confirming what everybody seems to be denying, and that is that the U.S. economy is, in fact, slowing down, at least the way we like to measure it. We will get more data later in the week, of course we get the big number, the nonfarm payroll number, on Friday. We always get that number the first Friday of the month; this Friday is June 1, so we are going to get the May jobs number. Last Month'...
May 31, 2018•45 min
Biggest Move in Crude Oil Not much action today in the stock markets on this Friday before a 3-day Memorial Day holiday weekend. The action was really in the oil markets, the bond markets and the foreign exchange markets. The biggest move happening in crude oil. Crude was down just over $3/barrel today; one of the biggest declines I've seen in some time. We're back down to $67.50. Earlier in the week, we almost hit $73/barrel for crude, and here we are now at $67.50 - a pretty big drop today. We...
May 26, 2018•39 min
Markets Rallied on Fed Minutes Interpreted as Dovish Earlier today we got the release of the latest Federal Open Market Committee minutes and before the minutes came out (they come out at 2pm Eastern Time). Prior to the release, all the stock markets were down; the Dow was down maybe about 150 points or so, and when the minutes came out, we got a rally, and the Dow closed up about 50 points. So, a 200-point rally on the minutes, and the reason the minutes acted as a catalyst for the rally is tha...
May 24, 2018•38 min
Solid Gains Today in the Major Stock Market Averages We had solid gains today in the major stock market averages; the DJIA putting in the largest percentage gain, just over 1.2% or 298 points. I think at the highs, the Dow was up 370 and change, so a strong day, S&P, NASDAQ also up not quite as much calculated as percentages. The Russell 2000 was not up as much as the other averages but it is at a record high again today. I think it's the Russell 2000 that ultimately could make the biggest p...
May 22, 2018•36 min
Las Vegas to Vancouver to Las Vegas I'm recording today's podcast from my hotel room in Vancouver, Canada. I'm up here for a couple of days at the 2018 Vancouver Resource Investment Conference and actually I left Las Vegas to come here; I am at the Las Vegas Money Show , I was there yesterday and I will be back again tomorrow for another talk, and on Thursday I am flying to Puerto Rico for another conference before heading back to Weston, Connecticut for the summer. Debating Bonds with Gary Shil...
May 16, 2018•41 min
[button link="https://www.youtube.com/watch?v=mANOqcnLtqA" color="lightgray" size="medium" stretch="" type="" shape="" target="_self" title="" gradient_colors="|" gradient_hover_colors="|" accent_color="" accent_hover_color="" bevel_color="" border_width="1px" icon="" icon_divider="yes" icon_position="left" modal="" animation_type="0" animation_direction="down" animation_speed="0.1" animation_offset="" alignment="left" class="" id=""]Mr. Schiff Goes to Washington[/button] [button link="https://w...
May 09, 2018•31 min
Fed is Willing to Tolerate Higher Inflation Today is the first Friday in May and that means we got the April Jobs Report released today, and before I actually get into the details of the jobs report, I want to talk about what happened with the Fed this week. I think that is the most significant news of the week. The Fed's statement on Wednesday and the comments from today are the real reasons we had the 300+ point rally in the Dow today, that's why we had the 400+point turnaround in the Dow on T...
May 05, 2018•35 min
Market Tends to Produce Better Returns in the First 4 Months of the Year There is an old Wall Street adage: "Sell in May and Go Away". The reason for that saying is that seasonally, the market tends to produce better returns in the first 4 months of the year, January through April, and then, historically, beginning in May and throughout the summer, the market can generally go down, and I think the time to buy back in is typically September/October. There are a lot of big down days, down months, ...
May 02, 2018•32 min
Markets Down But Not by as Much as Expected All the major U.S. stock markets were down on the week, but not by as much as I thought. We got that big drop on Monday, where we got the very bad reaction to even better than expected earnings. Plus, with interest rates rising, I thought we would have had more selling, but we didn't we actually rallied back most of the week from the big Monday decline, not enough to recover all of the losses, but the total losses on the week were not that bad. The Dow...
Apr 28, 2018•34 min
