What Are Investors Smoking? – Ep.  387

What Are Investors Smoking? – Ep. 387

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https://youtu.be/XmMQAuO62gI
GM Hit New Low for the Year
If you want to look at some of the signals you're getting from the markets, look at the automobile stocks: General Motors and Ford, which are basically the only 2 automobile companies we have left. (Chrysler is now owned by Fiat.) They both hit 52-week lows today and they're both in bear markets. General Motors closed at $33.91 - a new low for the year. The stock was as high as $46.76 in June. The stock is down almost 30% in the last couple of months. It's a bear market.
Ford at a Six-Year Low
The story at Ford is even worse. Ford was up at around $12 a couple of months ago. It is down to $9.27. If you look at its high - it was at $16 in September of 2014. Ford is down to where it was the summer of 2012 - 6 years ago. It's at a 6-year low. If we go any lower we'll be at an . 8-year low.
Two Auto Companies Solidly in Bear Market
So you've got our 2 automobile companies solidly in bear market territory, making new lows. These are vital parts of the economy. There are many industries that feed off these companies, the aftermarket industries. These are the good jobs, the high paying jobs that Trump promised to bring back. Remember he was really campaigning in Detroit and other places where they make cars. These companies are hitting multi-year lows.
Tariffs Aren't Helping Auto Industry
So the tariffs aren't working. The tax cuts aren't working. The auto companies are going down. Remember, stocks are forward looking, so the stocks are basically saying that there is a big slowdown coming in the automobile sector. Profits are not going to be there. Tax cuts are not going to be very valuable if there aren't any profits.
Industry Slowdown in Home Building
Also look at what is happening with the home building companies. All these stocks getting killed - some down over 5% today alone. They are pretty much all in bear market territory. So now the homebuilders are also saying, "The industry is going to slow down."
Autos and Housing Are Not Booming
Those are 2 very important sectors of the economy: housing and autos. If they are on the verge of recession. If the stocks in those sectors are forecasting recession, how is it possible that the U.S. economy is experiencing a "historic boom"? "It's booming like it's never boomed before!" Yet autos and housing are not only not part of the boom, they're actually having a bust. Riddle me that, Batman. How is it that the economy is so strong when these two key sectors are so weak?
Interest Rates and Inflation
Why are these sectors so weak? Well one reason, of course, is rising interest rates. Everybody believes that interest rates are going to keep rising which means more nails in the coffin of the auto sector and the housing sector. And of course, both housing and autos are being hit by inflation because of raw material costs. It's more expensive to build cars - it's even more expensive to build homes.
Tariffs Attacking Our Vendors and Bankers
The tariffs are getting higher. Trump was out today saying he is going to put another $240 billion of tariffs on Chinese products in addition to the $200 billion we already have queued up and yesterday he was talking about going after Japan and we're the ones who have the most to lose by picking all these fights with all the countries that are supplying us the goods we need and loaning us all the money we need. We're basically attacking our vendors and our bankers and somehow think this is a good strategy.
Big Leading Indicators Say Something is Wrong
So you can't have a recession in autos and housing simultaneously and somehow the rest of the U.S. economy is impervious. 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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Fed Money Magicians Running Out of Rabbits - Ep 917

Fed Money Magicians Running Out of Rabbits - Ep 917

Sign up for a $1/month trial period at https://shopify.com/goldVisit https://indeed.com/peter to start hiring nowGet an extra 3 months. https://expressvpn.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: http://www.facebook.com/peterschiff 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

9 Syys 202353min

Job Market Cools as Inflation Heats Up - Ep 916

Job Market Cools as Inflation Heats Up - Ep 916

Reserve your free ticket for The 2023 Expat Money Summit. Online, October 2-6. https://2023.expatmoneysummit.com/Get 25% off + a FREE bottle of Premium Pure CBD ($50 value, limit 1 use per customer) at https://nextevo.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: http://www.facebook.com/peterschiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

1 Syys 202356min

Powell’s Jackson Hole Speech Is Full of Holes - Ep 915

Powell’s Jackson Hole Speech Is Full of Holes - Ep 915

Reserve your free ticket for The 2023 Expat Money Summit. Online, October 2-6. https://2023.expatmoneysummit.com/Join my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: http://www.facebook.com/peterschiff 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

28 Elo 202353min

Peter Schiff's Reaction to the 2024 Republican Party Presidential Debate - Ep 914

Peter Schiff's Reaction to the 2024 Republican Party Presidential Debate - Ep 914

First 2024 Republican Party presidential debate reaction.Cut your wireless bill to $15 a month at https://mintmobile.com/goldOne-of-a-kind financing program at https://netsuite.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: http://www.facebook.com/peterschiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

24 Elo 202354min

The Days of Low Inflation and Low Interest Rates are Over - Ep 913

The Days of Low Inflation and Low Interest Rates are Over - Ep 913

Reserve your free ticket for The 2023 Expat Money Summit. Online, October 2-6. https://expatmoneysummit.com/💬 Join my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium/ to become a member.📈 Invest like me: https://schiffradio.com/invest💯 RATE AND REVIEW on Facebook: https://www.facebook.com/peterschiff/reviews/🔔 SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/⭐️ Schiff Gold News: http://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/books/👉 Follow Peter Schiff on Twitter: http://www.twitter.com/peterschiff👉 Follow Peter Schiff on Instagram: https://instagram.com/peterschiff👉 Follow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficial👉 Follow Peter Schiff on Facebook: http://www.facebook.com/peterschiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

21 Elo 202348min

Minutes Show It’s Later Than the Fed Thinks - Ep 912

Minutes Show It’s Later Than the Fed Thinks - Ep 912

Live podcastVisit https://indeed.com/peter to start hiring now.Get 25% off + a FREE bottle of Premium Pure CBD ($50 value, limit 1 use per customer) at https://nextevo.com/goldJoin my Locals community to get The Peter Schiff Show ad-free! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.Invest like me: https://schiffradio.com/investSIGN UP FOR MY FREE NEWSLETTER: https://www.europac.comSchiff Gold News: http://www.schiffgold.com/newsBook Store: https://schiffradio.com/booksFollow Peter Schiff on Twitter: http://www.twitter.com/peterschiffFollow Peter Schiff on Instagram: https://instagram.com/peterschiffFollow Peter Schiff on TikTok: https://www.tiktok.com/@peterschiffofficialFollow Peter Schiff on Facebook: http://www.facebook.com/peterschiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

17 Elo 202356min

The Fed Will Never Hit Its Inflation Target - Ep 911

The Fed Will Never Hit Its Inflation Target - Ep 911

Live podcastGo to https://bambee.com and type in Peter Schiff under PODCAST when you sign upSign up for a $1/month trial period at https://shopify.com/goldGet an extra 3 months. https://expressvpn.com/goldBuy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

14 Elo 202356min

A Market Driven U.S. Dollar Downgrade Is the Real Threat - Ep 910

A Market Driven U.S. Dollar Downgrade Is the Real Threat - Ep 910

Live podcastVisit https://indeed.com/peter to start hiring now.Buy my newest book at http://www.tinyurl.com/RealCrashFollow me on Facebook: http://www.Facebook.com/PeterSchiffFollow me on Twitter: http://www.Twitter.com/PeterSchiffFollow me on Instagram: https://Instagram.com/PeterSchiffOur 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.comPrivacy & Opt-Out: https://redcircle.com/privacy

7 Elo 202354min

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