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The US markets are closed today, but the March jobs numbers were release this morning — 126,000 non-farm payroll jobs were created last month. The forecast was for 245,000 new jobs, so this is a terrible report that falls nearly 50% short of expectations. Taking into account all the economic data thus far in 2015, […]
In his latest podcast, Peter Schiff reviews the latest economic data that indicates how poorly the economy is doing. Financial forecasts continue to be completely off-base, and many important data points have seen downward revisions. Meanwhile, the cost of basic necessities has gone up thanks to inflation. Peter expects the employment data is the outlier […]
In another interview on Yahoo! Finance, Peter Schiff contradicted the conventional narrative of the dollar’s future. He argued that the dollar’s brief, but dramatic dip this week is only a taste of what’s to come. Just like those who invested in subprime mortgages, people will get caught in the reversal and implosion of the dollar. […]
Peter Schiff responds to the hubbub surrounding the Federal Reserve’s dropping of the word “patient” from its policy statement. Janet Yellen’s diction is meaningless, but if you look closely it also reveals that the Fed is far more dovish than people think. The Fed can play all the mind games it wants with the markets, […]
The Bloomberg ECO US Surprise Index is at its lowest since 2009, which means that forecasts for economic data haven’t been more wrong for six years. Bloomberg asks, “Is this a sign of unanticipated weakness in the economy?” At first, it seems like the mainstream media is actually waking up to the fact that the […]
In his latest podcast, Peter Schiff explains why the Dow Jones and S&P 500 are now negative on the year. The markets are eating up Janet Yellen’s talk of raising rates, but she’s painting herself into a corner with her hypocrisy. Peter also argues that the Obama administration’s plan to let student loans be discharged […]
This article was written by Dickson Buchanan, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. After Federal Reserve Chairwoman Janet Yellen’s congressional testimony, the markets are still convinced the Fed could begin to raise rates sometime this summer. This is just […]
Once again, Peter Schiff uses his latest podcast to dig into the real economic data of the United States. Here is a round up of the key figures that mainstream news ignores, while focusing almost solely on payroll numbers. Weekly unemployment claims are at the highest level in 10 months. February was the 2nd consecutive […]
In 2014, a record number of Americans renounced their United States citizenship for the second year in a row. Even though exit fees are rising, more and more people are willing to jump through hoops to escape the American tax man. Indeed, our Chairman Peter Schiff even relocated one of his companies to Puerto Rico […]
Income inequality has been a hot topic since the bailouts of the big banks following the 2008 financial crisis. A recent article from National Public Radio’s Planet Money shines a light on the history of the trend, which has only gotten worse in the past few years. Beginning in the Great Depression, and continuing until […]
