Twin Deficits May Doom Stock Market Boom

Twin Deficits May Doom Stock Market Boom

Schiffreport: January 5, 2018
Trump: We Will Win on Trade
Earlier this morning the government released the December Nonfarm payrolls report, AKA the Jobs Number. But rather than start with that, I want to talk about another number that was released at the exact same time. It unfortunately gets very little attention in the media, in fact nobody has really paid attention to this number since the late 1980's - early 1990's. Of course, I am talking about the trade deficit. In fact when Donald Trump ran for office, he actually made the trade deficit an issue in his campaign, which was quite rare. In fact, Donald Trump said that we were losing on trade and he was correct. He promised that if he was elected, we would be winning on trade.
Biggest Trade Deficit in almost Six Years
Well we just got the number for November, and it was the biggest trade deficit in almost 6 years. $50.5 billion. What's more important than that number, look beneath the surface of the number that's bad and it gets a lot worse. If you take out oil, and America is still a net importer of oil - but if you just focus on the rest of the trade deficit, it was an all time high.
Oil Headed Higher
The biggest monthly trade deficit ever. We finally broke the record that I believe was set when Bush was President. But think about this: oil prices were pretty low in 2017. We just started to rise, in fact we closed the year above $60/barrel for the first time in 4 years. So imagine how much higher these trade deficits are going to be if the price of oil returns to $80-$100, which it was earlier in the year when it dropped below $60/barrel. In fact, I think that's exactly where it's headed.
All-Time Record Low against the Yuan
Also, look at what's happening with the dollar. The dollar fell last year for the first time in 5 years. It was he largest annual decline in 14 years, measured against the dollar index. But look at the Chinese yuan. the dollar fell by the most against the yuan in 9 years. In fact, I think we're going to hit an all-time record low for the dollar against that currency next year.
Upward Pressure on an Already Rising U.S. Trade Deficit
If you remember, when the year began, all of the strategists on Wall Street were universally bullish on the dollar and bearish on everything including the Renminbi. A lot of people were shorting the Chinese currency. In fact, they were as bullish on the dollar back then as they are on the U.S. stock market right now. Of course, the markets did the opposite of what they expected. If oil prices keep rising, and the dollar keeps falling, that is going to put even more upward pressure on an already rising U.S. Trade Deficit. Our Sponsors: * 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

Jaksot(1081)

Making Lemonade Out of Economic Lemons - Ep 977

Making Lemonade Out of Economic Lemons - Ep 977

Cut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only. 🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

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The Fed Makes Its Biggest Mistake Yet - Ep 976

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24 Elo 202455min

Gold Breaks $2,500. Harris Would Send it to the Moon - Ep 975

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17 Elo 202455min

Inflation Data Supports Rate Hikes, Not Rate Cuts - Ep 974

Inflation Data Supports Rate Hikes, Not Rate Cuts - Ep 974

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15 Elo 202455min

Bank of Japan Rescues the Markets... For Now - Ep 973

Bank of Japan Rescues the Markets... For Now - Ep 973

Peter returns to his Puerto Rico studio after an extended vacation. He discusses recent market volatility, including movements in stocks, Japan’s market crash, and cryptocurrency fluctuations. Peter critiques the Fed's decision not to cut rates, arguing that delaying cuts only worsens economic pain. He predicts future rate cuts and quantitative easing, and shares insights on gold and mining stock investments. Additionally, Peter analyzes the political landscape, focusing on Kamala Harris's VP pick, and criticizes new UK laws limiting free speech. Peter also advocates for tax reforms and spending cuts to address the deficits⭐️ NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/gold🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com📈 Invest like Peter: https://schiffradio.com/invest🔔 Free Reports & Market Updates: https://www.europac.com🟡 Schiff Gold News: https://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

12 Elo 202457min

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Will There Be an Emergency Rate Cut to Avert a Crash? - Ep 972

Cut your wireless bill to $15/month at https://mintmobile.com/gold. $45 upfront payment required. For new customers on the first 3 month plan only. Sign up for Peter's most valuable insights at https://schiffsovereign.comFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

3 Elo 202455min

Bitcoin Faction Exposes the Evils of Democracy - Ep 971

Bitcoin Faction Exposes the Evils of Democracy - Ep 971

NetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldVisit https://indeed.com/peter to start hiring now.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com📘 Book Store: https://schiffradio.com/books👉 Follow Peter Schiff on Twitter: https://twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

26 Heinä 202453min

Trump Is a Living American Folk Hero That No Democrat Can Beat - Ep 970

Trump Is a Living American Folk Hero That No Democrat Can Beat - Ep 970

Sign up for a $1/month trial period at https://shopify.com/goldNetSuite is offering a one-of-a-kind flexible financing program. https://netsuite.com/goldSign up for Peter's most valuable insights at https://schiffsovereign.comInvest like Peter: https://schiffradio.com/investFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: https://twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: https://facebook.com/peterschiffOur Sponsors:* Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy

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