Don't miss the movie, "The Housing Bubble" premiering June 26, 2019 Back in Puerto Rico I am finally back in Puerto Rico, after having spent 8 long days in Las Vegas for both the SALT conference and The Las Vegas Money Show. I really do enjoy coming back to Puerto Rico, I miss it quite a bit while I'm away. A lot of people who are thinking about making the move to Puerto Rico to take advantage of the tax benefits that exist here… One of the reasons that people are reluctant to come down here is ...
May 18, 2019•58 min
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 – 15, 2019 https://conferences.moneyshow.com/…/4532d84bf…/peter-schiff/ As Noted on My Last Podcast… As I suspected on Friday's podcast, the 400-point reversal that saw the Dow move from down 300 points + to up 100 points on the close was in fact, reversed today, and the Dow Jones actually closed below the Friday low, which is a huge negative, technically for the index. The Dow was down 617 points; that's about 2.4 %. But the real carnage was in the...
May 14, 2019•56 min
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 – 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Recorded May 10, 2018 Why Escalate Trade War If Negotiations Are Going so Great? The U.S. stock markets finished off the worst week of the year with a gain despite the fact that, as expected, the trade talks between the United States and China broke down today, and no deal. The new tariffs went into effect at 12:01am this morning....
May 10, 2019•49 min
See Peter at the SALT Conference at the Bellagio, Las Vegas May 7-10, 2019 https://www.salt.org/bio-schiff-peter Market Volatility I just arrived in Las Vegas, where I will be spending the next 8 days - I actually have 2 conferences heres; I have the SALT Conference (SkyBridge Alternative Asset Conference) that really kicks off tomorrow, though there is a welcome reception tonight, and then I do the Las Vegas Money Show, which kicks off on Monday. So I'm here for quite some time. I haven't even ...
May 08, 2019•24 min
Recorded May 3, 2019 See Peter at the SALT Conference at the Bellagio, Las Vegas May 7-10, 2019 https://www.salt.org/bio-schiff-peter Jobs Surge in April, Unemployment Rate Falls Today is Jobs Friday; the first Friday of the month, that we get the nonfarm payroll number. I don't know if the markets anticipated more or Donald Trump, because of course he's ready to send out a tweet when we get a better than expected number. That's what happened today; we got another number that was better than exp...
May 04, 2019•1 hr
Recorded May 1, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Market Looking for Validation of Expectations Today was the conclusion of the FOMC meeting in which the Federal Reserve left interest rates unchanged, and that is exactly what the market was expecting. Nobody expected the Fed to hike, and nobody expected the Fed to cut. But apparently, a lot of people expected...
May 02, 2019•52 min
Recorded April 26, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Q1 GDP Expected at 2.3% Today we finally got the first estimate for the U.S. GDP in the first quarter of 2019, and typically the first quarter of the year has been rather weak. That has been the experience pretty much going back through the Barack Obama administration. And the consensus was for a 2.3% rise ...
Apr 27, 2019•52 min
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Easter and Passover I hope everybody enjoyed their Easter holiday, in fact, today is Easter Monday, so many parts of the world are still celebrating, including here in Puerto Rico. We are still in the holiday of Passover, so hopefully everybody who celebrates Passover, myself included, is still enjoying that holiday. In fact, this...
Apr 23, 2019•52 min
Recorded April 16, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Tax Day Yesterday was April 15th - Tax Day, or as my father, Irwin Schiff used to say, "April Fool's Day". My father thought it was April Fool's Day because he believed that that was the day on which Americans basically voluntarily paid a tax that no law required them to pay and voluntarily filed a 1040 tax...
Apr 17, 2019•38 min
Recorded April 10, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 Lyft Sinking I began yesterday's podcast by pointing out the weakness in shares of the recent IPO of Lyft. In fact, I mentioned that Friday's close above the IPO price (the first time it closed above that price since the day of the IPO) the fact that it couldn't hold on to that rally, I thought that meant the stock looked even weaker, technically. And we got a big follow through today. Lyft sank about 11%, it close...
Apr 10, 2019•52 min
VERY IMPORTANT PODCAST! Please share with everyone you care about. Ray Dalio: Please start at 29:52 Extreme Inequality Is Not a Function of Capitalism I agree that wealth inequality is a problem, but it is a problem that is created by government - created by the Federal Reserve. I was warning years ago, when the Federal Reserve first launched Quantitative Easing, that this was going to happen! This policy would only benefit assets at the expense of the overall economy. I've been warning about th...
Apr 10, 2019•1 hr 5 min
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Rebound Expected in Jobs Report Stock market in the U.S. continued to grind higher today, although I still believe that this is a bear market rally. The Dow added a little better than 40 points; the NASDAQ up about 47, so a bigger percentage gain there. The S&P was up about 13 points. This was following the release of the Marc...
Apr 06, 2019•51 min
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Recorded April 2, 2019 February Durable Goods Order Declined Slightly Less Than Expected We had a quiet day in the U.S. stock market today. Not much reaction from a slightly weaker than expected February Durable Goods Orders number that came out before the market opened. They were looking for a weak number; the consensus was for a...
Apr 03, 2019•57 min
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ A Gift from the Federal Reserve The Dow Jones closed out its best quarter since 1998 with a 211 point gain: 25,928.68 was the close. The Dow, on the quarter up 10.3% - the broader averages doing even better. The S&P 500 rose 12.3% on the quarter. The Russell 2000 - 13.8%, and the NASDAQ 15.6% gain on the quarter. of course, th...
Mar 30, 2019•56 min
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 – 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Recorded March 26, 2019 Feigned Attempt to Shrink the Balance Sheet I am finally back on land, having spent 9 days at sea, at the Investors Summit at Sea. I've been doing this annually now, this is my 7th time doing that. I am now back, technically one calendar year older. I want to catch up a little bit on what happened in the ma...
Mar 27, 2019•52 min
VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Recording Today's Podcast from Willemstad, Curaçao I am recording today's podcast from my cabin on a cruise ship, which is right now docked on the Dutch island of Curaçao, which is about 35 miles north of Venezuela. I've never actually been to this island, even though I live in the Caribbean now, in Puerto Rico, there are still ma...
Mar 21, 2019•27 min
Recorded March 13, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Big Drop in Boeing: Opportunity to buy into Dip The Dow is continuing to rebound this week, up 148 points today - 25,702 was the close. In fact, the Dow would be higher if it weren't for an about 11% decline in Boeing so far this week. I am going to talk on this podcast about the controversy surrounding Boe...
Mar 14, 2019•55 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Market Down Before the Bell A late-day rally wasn't enough to bring the U.S. stock market indexes into the black on the day. In fact, this is the first down week that the U.S. stock market has had in 2019. Something tells me it's certainly not going to be the last. The market was down from the bell this morning. Even before the bell, if you look at the futures, even before we got the jobs number - the Februar...
Mar 09, 2019•55 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Wall of Overhead Resistance It looks like the correction in the U.S. stock market, and by correction I am referring to the rally, the first correction in what I believe is a new bear market - but it's looking like that correction may have finally run its course as the stock market has run into a wall of overhead resistance. In fact, the technical action on Monday was quite telling, because early in the mornin...
Mar 07, 2019•36 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Market Keeps Rallying on Regurgitated News The Dow Jones started off the final day of the week with a pretty strong rally; we were up a little better than 200 points earlier in the day. Then we got some weaker than expected economic data which I will get to a bit later, and the market sold off. The Dow never quite went negative, and then we rallied back and the Dow managed to end the week back above 26,000 wi...
Mar 02, 2019•1 hr 4 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Jerome Powell Wades into the Deficit Debate This year Fed chairman Jerome Powell made his obligatory visit to Capital Hill, where he spoke to Senators and Representatives about monetary policy. Of course, this really just amounts to a press conference for Democrats and Republicans to either talk up the economy or talk down the economy, depending on who's got the White House. Trump is the President, so you hav...
Feb 28, 2019•1 hr 2 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Another "Greatest Deal Ever" 'The Dow rose a little over 180 points today, closing above 26,000 -26,031.81, to be exact, for the first time during this bear market rally. I still believe that we are in a bear market rally, not a new bull market. the catalyst for today for today's stock market strength, and it was across the board; the markets were strong from the opening bell to the closing bell. I think the ...
Feb 23, 2019•53 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ FOMC Minutes Describe Abrupt About-Face This afternoon we got the minutes from the last Federal Open Market Committee meeting which took place a few weeks ago. This was the meeting where the Federal Reserve did what is now being described as probably the biggest policy shift in the history of the Fed. This was really an abrupt about-face, where they went from "Everything is great; we're going to keep on raisi...
Feb 21, 2019•1 hr 1 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Market Rallies on Old News The U.S. stock market continues to rally on basically the exact same news story that keeps on getting replayed. Today, it was the absence of another government shutdown. I guess now, this is final when it comes to no more government shutdowns, although that should have been obvious to everybody when Trump caved the last time and decided to pay everybody and temporarily end the shutd...
Feb 16, 2019•56 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ The 7th Best Start Ever for the S&P 500 The Dow was up 372 points today, continuing the bear market rally. In fact, this is the best start for a year in almost 30 years - 28 years to be exact. I think it is the 7th best start ever for the S&P 500. Now I think the other 6 starts that were better; 3 of those happened during rather dubious circumstances. Two occurred during the Great Depression, and one ...
Feb 13, 2019•45 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Disguising "Red" Goals in Green Wrapping I'm still here in my hotel room in Orlando at the Money Show, but before I went downstairs on this Saturday morning, I wanted to record a podcast to address the issues raised by Alexandria Ocasio-Cortez, AOC, as she is now being referred to - I guess I'm just going to call her the bartender for simplicity. Well, anyway, the bartender-turned-congresswoman has released t...
Feb 09, 2019•51 min
See Peter in person at the Orlando Money Show https://conferences.moneyshow.com/moneyshow-orlando/ Celebrate Peter's birthday with him on the 2019 Investor Summit at Sea! Visit schiffbirthday.com State of the Union Not Addressed Last night President Trump delivered what purported to be a State of the Union address but really, Donald Trump talked about a lot of things, but he didn't really speak at all about the State of the Union. Bernie Sanders recorded his own response. He didn't do the offici...
Feb 06, 2019•1 hr 4 min
See Peter in person at The MoneyShow Orlando https://conferences.moneyshow.com/moneyshow-orlando/ Stronger than Expected Jobs Number We actually got a bunch of economic data released today; apparently the shutdown no longer is affecting some of these newer releases, although we still have a bunch of old data that has yet to be released. I have a feeling that there is a lot of weak economic data that has yet to come out. Today we got some stronger than expected data including the January jobs num...
Feb 02, 2019•47 min
See Peter in person at the The MoneyShow Orlando https://conferences.moneyshow.com/moneyshow-orlando/ Monetary Drug Pushers Earlier today, the monetary drug pushers at the Federal Reserve gave the addicts on Wall Street exactly the fix that they have been craving. In fact, not only did Powell deliver exactly what the doctor ordered with respect to interest rates, saying the Fed was going to remain "patient", probably indefinitely, with respect to another rate hike, but Powell also made it clear ...
Jan 31, 2019•48 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Downwardly Moving Expectations The record-breaking partial U.S. government shutdown looks like it has now come to an end. Donald Trump today announcing that he is going to be re-opening the government for three weeks, and during that time we will have negotiations regarding funding for the border wall, the barrier, the smart wall - whatever it is being called now. Donald Trump seems to be downwardly moving hi...
Jan 26, 2019•59 min
