Good news for Facebook stock is bad news for Main Street. Housing market booms – just like it did before the 2008 crash. Layoffs increasing.
S&P and Nasdaq close the week with record highs. Apple capitalizes on speculator mania with stock split. Weak economy benefits Wall Street and sedates Main
S&P recoups COVID losses, closing today on an all-time high. Tesla cruises on stock splits driving into the mother of all short squeezes. Traders will
Berkshire Hathaway loves gold, bets against the US. Bidders aren’t showing up for 30 year treasury bonds. Food prices soar and this is just the
Gold’s spectacular move down is the sign of a bull market. Paul Krugman admits inflation is driving up gold price. Curing COVID won’t cure the
Quiet day in the stock market. More jobs lost than expected. Fed’s balance sheet moves through $7 Trillion. Ron Insana says big deficits are not
Financials take out new lows today before rallying the market positive. Tech stocks providing false sense of security for the markets. Powell throws cold water
Stock market drops. CPI lowest since 2008. Prices will begin rising higher and sooner than most expect. $2000 monthly UBI proposed for Americans as young
Market rallies on worst jobs report in history. Decimated gig economy isn’t even factored in. Majority of service industry jobs are not coming back. If
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
Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.