One Quarter-Point Rate Hike Does Not Make Me Wrong – Ep. 181

One Quarter-Point Rate Hike Does Not Make Me Wrong – Ep. 181


* I was in Las Vegas for the Freedom Fest and following that I went to Vancouver for a one-day gold conference
* One of the things I wanted to discuss was some discussion about me on the www.kitco.com website and I think it was prompted by my itnterview with kitco, which you can see on my YouTube Channel
* Whenever there is a discussion about me an argument develops between those who want to believe I never get anything right and those with believe I get a lot of things right
* I thought one part of the discussion was quite amusing
* Of course, I never claim to be infallible; when you make a lot of projections they don't all turn out to be right
* Nobody is 100% right on anything that they say
* The key is, are you right more often than you are wrong
* And when you're wrong, do you change your mind, when the facts change, which is something that I do
* But people will always go back and focus on a quote from years ago and say, "Look here's a quote from Peter Schiff saying interest rates would go up, and Look! now they're down"
* I did not expect the bond bubble to get this big
* Who thought we'd have half of the sovereign debt trading for negative yields?
* Very few people envisioned that, but it happened
* For the last several years I have said nothing about higher interest rates
* I do believe that when the bond bubble bursts rates will spike up
* But I don't know when that is going to happen
* If you've made enough forecasts, one can always find things that have not panned out
* But these people overlook the overwhelming number of forecasts I've gotten right
* One of the forecasts people used to make fun of me about was a forecast I made on a show called, "Southland Today"
* I put that up on the internet years ago, it's a 2002 interview and if you watch that clip, you'll recognize that a lot of the things I said in that interview were used to form the introduction to the old, "Wall Street Unspun" the precursor to the Peter Schiff Show
* The intro for that show included many quotes that were lifted from the "Southland Today" interview
* During that interview, I said I thought the Dow would go down to 4000
* Of course a lot happened between 2002 and now
* What did happen is that after I did that interview the market fell precipitously; the Dow did drop another 25-30%
* The NASDAQ maybe even more
* What happened between that interview and the market falling is that Alan Greenspan slashed interest rates down to 1%, and at the time of the interview I did not know he was going to do that
* I thought Alan Greenspan would be smarter than that
* If Alan Greenspan had not slashed interest rates, my forecast would have been correct
* Once Greenspan lowered interest rates, of course, I changed my forecast and became bullish on the market when it was still quite a bit lower
* 6yyj6e69
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Jaksot(1086)

SchiffRadio Podcast Episode 5

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SchiffRadio Podcast Episode 4

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SchiffRadio Podcast Episode 3

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SchiffRadio Podcast Episode 2

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SchiffRadio Podcast Episode 2 Synopsis * Economic Data - More weak data * Purchase applications index declined by 7.2% - biggest decline in 14 years * Treasury yields slightly up for the week * Retail sales up - Buying more or paying more? * auto purchases with cheap money * inflation not taken into account * Auto loans increasingly delinquent * Fed Policy * I'll admit to being wrong if the Fed raises interest rates back to normal and shrinks its balance sheet back to normal, as promised, and does not produce a financial crisis. * Interest Rates * Negative Interest Rates in Japan and in Switzerland * Inflation * Paul Krugman says we should be at 4% inflation and a minimum wage of $10.10 * Commentary on Henry Blodgett's inflation comments * Column from David K. Johnson on how corporations are getting rich by paying taxes * Employment * Jobless claims up, indicating a trend change * The Economy * Recognizing bubbles ahead of the crisis * Europe - Poll on Scottish independence * Social Issues: * The NBA in the hot seat for racism * Over-reaction to the Ray Rice story Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

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Schiff Radio Podcast Episode 1

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Schiff Radio Podcast Episode 1  Synopsis: * Wall Street foolishly dismisses August's horrible Jobs Report * ECB cuts rates in misguided push for higher inflation. * "Shrink-flation," what is it and why those using the term still don't get it. * Implications of Switzerland's coming gold reserve vote . * Protesting Fast food workers determined to put themselves out of work. * Does Alibaba's biggest IPO in history shows portent more interest in foreign stocks? * Countrywide's Anthony Mozilo is not the real villain. * NY Fed concedes 25% of college grads wasted their time and money. Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

9 Syys 20141h 52min

Schiff Radio – January 1, 2014

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Happy Holidays!, Due to the holidays, Peter Schiff Show is airing best-of broadcasts. Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

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