Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.  He follows up his daily two-hour radio show with podcasts focusing on weekly economic data analysis and unbiased coverage of financial news, both in the U.S. and global markets.  As entertaining as he is informative, Peter packs decades of brilliant insight into every news item.  Join the thousands of fans who have benefited from Peter’s commitment to getting the real story out every week.


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Bad Economic News… When It Rains, It Pours – Ep 74

April 16th, 2015|0 Comments

Dollar usually drops on bad news but rallies because traders automatically buy on the dip
Bad news is dismissed because the first quarter “doesn’t count”
This puts greater pressure on the last 3 quarters to make up for the first quarter and still show growth
Expectations of a bump similar to last year are based on non-repeatable conditions – Obamacare and inventory build
Inventory to sales ratio is the highest it has been since 2009
What is the basis for dismissal of the bad news in Q1?
Data confirms that the consumer is already broke
Consumers will be hit with rising oil prices
Traders who are loading up […]


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Vinh Nguyen, Enz Bonggat Abrenica and 23 others like this

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Nathaniel RingdahlI just hope it all falls apart soon. Im being taxed to death over here... Im being taxed so hard that Ive even considered buying a bubble-priced property, just to be eligible for deductions. So extremely fed up3 days ago   ·  8
Michael DynanHe had me at "Batman" Shit like that is what keeps me knowing that me and Schiff are on the same wavelength.3 days ago   ·  3
Allen FilmoreMaybe it's just me, but it seems like we are distrustful over everything that the American government does except what it does with our money.3 days ago   ·  1
Chris DaherI don't understand why people never talk about the condition of the world economy. Europe is on the verge of collapse China is in really bad shape economically. The United States economy is the only thing standing in this world today3 days ago   ·  1
John LeStargeWall street is starting to call the Fed's bluff on rate hikes. They know it won't happen, and the Fed is all talk. Stock market is in the green every day now despite the bad data. The delusion on wall street is just amazing.3 days ago   ·  4
Barak CohenPeter was wrong so far I remember he said silver will not go under 30$ ... I pray his raghite in the long run2 days ago
Barak CohenHow long will we Wait until our loss in silver and gold will turn to gain ?!2 days ago
Łukasz Walaszczyk*NY Empire State Manufacturing Index was -1.19 not -1.9 which makes no difference to be honest.3 days ago
Helge RoiderPeter, how can you not see that making the same wrong prediction (economic collaps) every week is killing your reputation. Also its tiresome to listen to statements like "the lowest number in 6 month" as if this would indicate a downward trend rather than simply random fluctutations. Please instead go back to explaining underlying mechanisms based on your austrian view on things.3 days ago
Eloy HernandezPeter what I don't understand is there is bad news just about every day, and the market rally's like its good news?3 days ago   ·  1
Stephen DenBoerAt Disney this week hope to see you!3 days ago
Thomas J RyanYou're right about inventory buildup, I "hoped" that Xmas 2014 was going to be better, and I purchased about 2x the inventory I should have for my internet toy store, and I'm just now finished paying off my wholesalers because sales were so bad. The only upside is I probably wont have to buy any inventory for Xmas 2015, although that hurts on my tax returns.1 day ago

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