Latest
Biden to Throw Drowning Economy an Anchor – Ep 645
Power and ignorance is a dangerous combination. Biden’s stimulus plan will make the European Union look responsible by comparison. Affirm’s IPO epitomizes what’s wrong with markets and the economy. Dollar denominated financial assets on expedited track to worthlessness.
Commodity Boom Evidences Inflation, Not Growth – Ep 644
Agricultural commodities ore on fire. Nobody needs bitcoin. A market driven by inflation is different than a market driven by earnings. Biden administration will exploit the attempted “insurrection” Tech currying favor from Biden administration through conservative censorship.
Tesla vs. Bitcoin: The Battle of the Bubbles – Ep 643
Gold and silver shellacked. Jobs report worse than anyone expected. Elon Musk becomes richest man in the world. Chamath Palihapitiya’s poorly chosen quote may be an omen for things to come. Bitcoin bubble brings bizarre bedfellows. Biden vows to put low-skilled workers out of work.
The Real Threat in D.C. Comes from Congress, Not Protests – Ep 642
Democrats bribe Georgia voters with cash. Massive divergence between International stocks and domestic stocks. Bitcoin is propping up the system that it’s supposed to take down. Protesting a stolen election is a right.
Did Global Financial Markets Just Decouple? – Ep 641
Rare dichotomies playing out in the markets – something big is happening. Dollar continues to fall against the Yuan. Institutional money is flocking to real commodities, not Bitcoin. Connecticut passes idiotic new law giving workers 3 month yearly vacations.
2021: The Year of The Chickens Coming Home to Roost – Ep 640
Fed turned stock market into a casino. Investors buying everything in sight with cheap money. Trump ends term with biggest trade deficit and budget deficits in history. Trump vetoes less bills than any other president in 100 years. Race to the bottom will start when Fed starts bailing out state.
Bitcoin May Feel the Ripple – Ep 639
Trump grandstands over stimulus bill. Ripple gets ripped. Is Bitcoin also a security? Biden will be bad for Bitcoin. Greyscale gets clobbered.
Government to Sedate the Economy with More Stimulus – Ep 638
New Covid-19 relief stimulus bill passes Congress. 200 years worth of debt added in one year of 2020. Trump outdoes Obama’s deficit in only one term. Reparations via voting is nonsense. Banco Popular has bad business practices. I recommend First Bank of Puerto Rico.
The Dollar’s Loss Is Not America’s Win – Ep 637
Dollar melts down toward new lows. Tesla added to S&P, making the index even more overvalued. Exporting is a means to pay for importing.
Peter's Blog
The Best Of Times During The Worst Of Times
While most people generally understand that the stock market and the economy do not move in lock step, there is still an underlying belief that
A Black Swan with Teeth
By Peter Schiff For years I have been warning that during the age of permanent stimulus (which began in earnest with the Federal Reserve’s reaction
World War II Was Fought With Savings, Not Debt
While the country and the stock markets reel from the impact of the Coronavirus, many economists and politicians are calling for the government to fight
