Tag: peter schiff

 

Time to hedge against this major currency

U.S. GDP growth numbers and Japanese industrial output are contracting rapidly. But so are most non-dollar currencies. In fact, rumors of speculators driving euro and ruble into the ground abound on the markets! 
by J. Christoph Amberger
Baltimore—TFN: The numbers are in: In the last quarter of 2008, the U.S. economy shrank at an annualized rate of 3.8%. [...]

Gold prices set for further steep declines

There is nothing left that could keep gold from sliding further. Applying the oil-to-gold ratio, the gold investor’s favorite tool in a precious metals bull market, every dollar shed by crude oil translates into a loss of $7.50 per once of bullion.

The bear is back! How long will it last?

After soaring equity prices earlier this week, the bear is back. How long will this last?

Dollar Bear: No rebuilding without a clear slate

Sadly, Americans now appear willing to abandon their economic heritage at the first sting of financial pain. Although passage does seem inevitable, it is nevertheless the wrong thing to do. Central government planning did not work in the Soviet Union and it will not work here. Only free market forces are capable of sorting through the mess. Political meddling will make the problems worse.

Dollar Bear: The sky is still falling

American fiscal vices are sufficient to corrupt a world of financial virtue.

The next big government spending spree

No one should be fooled that this government-led effort will finally wean us from our dependence on foreign oil, rid the planet of its environmental woes, and supercharge the economy in the process. Instead, it’s simply a recipe for more bureaucracy and higher inflation. Have we all forgotten how the “Guns and Butter” of the 1960’s led to the stagflation of the 1970’s? Our politicians are banking on it.

Dollar Bear torpedoes the Fed’s “Strong Dollar Policy”

When the dollar keeps falling a chorus will swell to demand that the Fed put teeth in its new policy. If Bernanke does nothing the world will finally see a naked emperor and the dollar’s decline will turn into a rout. If, on the other hand, the Fed raises rates to defend the dollar, and only a short term bounce results, then all remaining confidence in the Fed’s ability to support the dollar will evaporate as well. This is probably Bernanke’s greatest fear and is likely the main reason he waited so long before mentioning the dollar. The fact that he felt compelled to do so now likely means he knows the game is coming to an end.

Dollar Bear takes on inflation hunters at the Fed

realize that the U.S. dollar is destined to continue along its long-term decline line. We should expect the Fed to add strong anti-inflation talk to their strong dollar talk, while actively following policies that will have the opposite effect.

Dollar Bear: China’s Simple Solution

Baltimore — (TFN): As China grapples with the consequences of its devastating earthquake, it is finally confronting the destabilizing forces bubbling up beneath its economic landscape. This week, several key Chinese officials, usually not known for their candor, conspicuously noted the need to both stimulate domestic consumer spending and bring down roaring inflation. While [...]

Dollar Bear: The Ticking Credit Card Bomb

by Peter Schiff
Baltimore — (TFN): For those holding out hope that the American economy can miraculously avoid a long and deep recession, consumer credit is often viewed as the wonder drug that can cure all manner of economic ills. As such, this week’s report showing $15 billion growth in consumer credit was widely heralded as [...]

Dollar Bear: Fundamentals still favor gold

by Peter Schiff
Baltimore — (TFN): With what many have described as a flash of monetary discipline worthy of Paul Volcker, Ben Bernanke reduced short-term interest rates this week to a mere 2%, apparently turning a deaf ear to those on Wall Street who wanted more. But now that the dollar-crushing side effects of cheap money [...]

Food Prices: The road to revolution?

by John Browne, Senior Market Strategist Euro Pacific Capital
Baltimore — (TFN): Last week, food shortage became an American reality. Costco, Wal-Mart and other food stores limited the purchase of certain food staples in bulk form. Purchases of rice in California and of oil and flour in Queens were restricted. Customers were angry, voicing strong concern [...]

Dollar Bear: Why not let the markets decide

“Colleges and universities would simply be forced to offer affordable tuitions or go out of business—just the way they used to back in my father’s day. Similarly, if the government allowed real estate prices to collapse, Americans would not have to take on so much debt to buy houses.”
—Peter Schiff
by Peter Schiff
Baltimore — (TFN): Those [...]

Dollar Bear: Decline and fall of the American consumer economy

by Peter Schiff
Baltimore — (TFN): High-profile bankruptcies of mainstay American retailers, such as The Sharper Image and Linens ‘n Things, as well as the proposed mergers between Blockbuster/Circuit City and Delta/Northwest, and the admissions from the nation’s leading student lenders that their business models are no longer viable, mark the beginning of a long overdue [...]

Recession 2008: GE’s Warnings Show how the Crisis is Spreading

By John Browne, Euro Pacific Capital – Senior Market Advisor
Baltimore — (TFN): Last week, General Electric — one of the finest companies in the world and an American icon — announced a major fall in earnings. Amazingly, the bad news surprised Wall Street. GE shares fell 13 percent in a single day. Some surprise!
GE is [...]

Dollar Bear: Bernanke in Wonderland

"By allowing the accumulation of even more taxpayer guaranteed debt, the moves will merely delay and exacerbate the housing problems and will increase the size of losses when these two government sponsored enterprises ultimately fail." — Peter Schiff

by Peter Schiff
 
Baltimore — (TFN): How do you know when you’re through the looking glass?

A fairly good indication is when the price of gold –…

Dollar Bear: The road to hyper-inflation

"Backing paper money with mortgages is nothing new. The French tried it in the late 18th Century, and it lead to hyperinflation." — Peter Schiff

by Peter Schiff

Baltimore — (TFN): This week, as the financial sector began to give way under the unbearable weight of bad mortgage debt, the Federal Reserve stepped in to save the day.  At least that’s what it says…

Dollar Bear: The rich are getting poorer

by John Brown

Baltimore — (TFN): As our consumer-dominated economy faces the threat of imminent stagflation (economic recession and financial inflation at the same time), its negative effects will not be limited to the poor. Many get-rich-quick investors also will become poorer! The combined effects of recession, falling asset prices, insolvency, inflation, and a falling dollar are set to have a sometimes devastating effect on the real value of many…

Dollar Bear: “They still don’t get it!”

by Peter Schiff 

Baltimore — (TFN): Prior to my last appearance on CNBC in October 2007, I had made more than 50 appearances on the network over the prior two years. In those segments, I repeatedly exposed the superficiality of our prosperity, described the American economy as a “house of cards”, pointed out that borrowing and spending were a ticking time bomb rather…

Dollar Bear: Inflation is United States’ top export

by Peter Schiff
Baltimore — (TFN): Unfortunately one of the few things still made in America is inflation.  In fact, it now ranks as our greatest export. A significant by-product of the current global economic system, wherein Americans spend money they do not earn to buy foreign products that they do not make, [...]

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