Well, if you’re any kind of news junkie, you probably know that the Senate voted this week to reject President Trump’s national emergency declaration. But fear ye not – there are plenty of other national emergencies on the table!
The February jobs report came in significantly below expectations. First quarter GDP estimates are way down. And we’re seeing other numbers that indicate a rotting economic foundation.
But nobody is worried.
In fact, most of the attention continues to be focused on the trade deal as if it is going to push the economy to new heights. In his most recent podcast, Peter dug into some of the numbers and came to the conclusion that most of the analysts and pundits are utterly clueless about what’s really going on.
Peter Schiff has been talking a lot about the prospects of a trade deal lately. His point: an end to the trade war isn’t going to heal America’s economic wounds. And those wounds? Well, they’re self-inflicted.
Peter appeared on RT again on Monday (March 4) to hammer home this point.
The price of gold dropped last week and stock markets continued to rally. One of the driving factors was optimism that the trade war may be close to its end. As a CNBC report put it, “investors opted for riskier assets on hopes of a thaw in a trade dispute between the United States and China.”
But should the markets really be rallying on this trade deal? Is it going to be a great boon to the US economy? Peter Schiff doesn’t think so. He recently appeared on RT to talk it.
The US and China are reportedly getting closer to working out a trade deal. The Chinese have indicated they will import more US natural gas, semiconductors and soybeans. Peter Schiff recently appeared on RT to talk about it. He said that no matter what ultimately comes out of these trade negotiations, it’s not going to make America great again.
Did you hear what President Trump did to Speaker of the House Nancy Pelosi? He grounded her airplane — 40 minutes before she was supposed to take off on a big excursion.
Whether you love Trump or hate him, you have to admit he’s the greatest troll to ever occupy the Oval Office.
Immigration policy is one of the biggest issues facing America right now. It’s also one of the most contentious. Should the US build a wall along the Mexican border? Are there other immigration policy reforms the US should consider? And why does it even matter?
Mike Maharrey explores the immigration issue with journalist Ryan Girdusky in this episode of It’s Your Dime. They also talk politics, discussing the midterm elections and Trump’s prospects for 2020.
After the worst Christmas Eve in the history of the stock market, the Santa Clause rally came late. Markets bounced back in the short trading week after Christmas. The Dow started with a 1,000-plus point gain, then dropped nearly 600 points the next day, before rallying late to close in the green.
The rally had some Wall Street pundits feeling giddy, but in an interview on RT America, Peter Schiff said the bubble has popped and this is exactly the kind of roller coaster ride you expect in a bear market.
The mainstream is starting to get a little bit nervous. As we reported yesterday, a CNBC interview with DoubleLine Capital founder Jeffrey Gundlach got the mainstream talking about the possibility of a bear market. There is also increasing concern about a looming recession. In a recent New York Times survey, almost half of the 134 CEOs polled said they thought the country could be in a recession by the end of the year.
Peter Schiff has been warning about a recession for months. In October, he said the recession that’s coming is going to be brutal. On Monday, Peter appeared on Fox Business with Lisa Kennedy to talk about the coming crisis and its political ramifications.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
