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The Federal Reserve Bank of Atlanta’s GDPNow estimate released today forecast a dismal 4th quarter GDP number. The forecast was nearly cut in half from 1.3% on December 23rd to 0.7% today. It remains much worse than the mainstream consensus estimates: Here’s what the Atlanta Fed had to say, citing the same manufacturing numbers Peter […]
A recent New York Times feature went to great lengths to promote the idea of a cashless society, focusing on the war on cash in Sweden. The Nordic country sits on the cutting edge of the movement away from cash. As the Times put it, cash is so “last century”: Few places are tilting toward […]
Peter Schiff has been saying that the December Federal Reserve interest rate hike is likely a one-and-done deal, with rates going back to zero or lower, and another round of quantitative easing in the cards for 2016. Peter insists that the US economy isn’t in good shape, and it can’t even sustain the recent small […]
If you want to see the value of gold in a currency crisis, just look north. When people tell you “gold is down,” you should always ask an important question: compared to what? If you bought gold in Canadian dollars (CAD) last year, you’re probably pretty happy. Gold is up 7.9% in the Great White […]
The recent Federal Reserve rate hike was supposed to assure us that the US economy is improving. But as we’ve shown, the actual economic data just doesn’t back up the optimism. At best, the economy remains tepid, and Peter Schiff has argued that it is likely heading toward another recession. As a result, Peter doesn’t […]
In the past week, Peter Schiff released two podcasts, and appeared on CNBC, Fox Business, InfoWars and The Hard Line. The Federal Reserve’s decision to nudge interest rates up and the possible ramifications dominated discussions. Follow these links to jump to the video or article you’d like to see: 1. Schiff Radio Podcast: CNBC Calls […]
Russia and Kazakhstan continued their gold buying spree in November, and Turkey added to its reserves as well. Meanwhile, India is on pace for a healthy increase in gold imports this year.
A paper recently published by the National Bureau of Economic Research found that a large percentage of the increase in college tuition can be explained by increases in the amount of available financial aid. Peter Schiff was saying this as far back as 2012. That summer, Peter appeared on CNBC and debated an economist with […]
The US middle class continues to shrink, squeezed by government policy and an ever-increasing burden of debt. According to a recent Pew Research report, the majority of American adults no longer are part of the middle class. The middle class accounted to 61% of the population in 1971. The most recent figures put the middle […]
The Federal Reserve made its much-anticipated move yesterday, nudging up the key interest rate by a quarter point. Peter Schiff did an interview with The Hard Line on Newsmax TV a short time later, reiterating what he was saying before the Fed’s announcement – the rate hike does not indicate confidence in the US economy. […]
