Stocks Start Year With Biggest Drop in 84 Years – Ep. 128

Stocks Start Year With Biggest Drop in 84 Years – Ep. 128


* The U.S. stock market opened the first trading day of 2016 with a bang, but not the type of bang the bulls were hoping for
* The Dow was down 276 points-it was down as much as 450 points in the last hour of trading
* In fact,we opened down 300 and change and we hung around the down 350 - 400, in fact down 276, at the close was about the best level of the day
* The NASDAQ closed down around 104
* The Dow Jones transports continues to get crushed - the weakest index on the day, down 156 points
* We're now down more than 20% from last year's high, officially in bear market territory in the Dow Jones transportation - and don't blame this on weak oil prices because transports benefit from weak oil prices
* This is all about weakness in the economy
* A lot of the carnage was blamed on China because China was down 7% overnight, the worst first day of the year in the history of Chinese stocks
* Supposedly the catalyst was a weaker than expected PMI in China - I don't believe for a second that the market was down 7% based on that report
* First, there were two PMI's released, and one was slightly better than estimates and the one that was slightly below came in at 48.2 vs. expectation of 49
* I think the Chinese market would have gone down regardless of the PMI numbers
* The irony of it is that our own recently-released Chicago PMI on New Year's Eve and our number was way worse than the Chinese number
* We were expecting 50, an improvement from 48.7 - instead we went down to 42.9
* Bad economic news in China creates a terrible response, but bad economic news in the U.S. and no one even cares!
* Why, because the Fed tells us everything is awesome and we can ignore all the evidence that the economy is far from awesome
* Singapore reported a 5.7% increase in GDP for its 4th quarter, yet that number is being discounted
* Yet no one wants to believe the good news from foreign governments, and no one believes bad news from the U.S. because the Fed's narrative is still out there
* We got more bad economic news today: We got another PMI manufacturing number expected to be 52.8, it came in at 51.2
* Even worse was the December ISM number - last month was 48.6 - it was expected to improve to 49.2- instead, it dropped to 48.2
* That's a bigger miss than China, yet no one here cared
* Also, construction spending was a huge miss: the consensus was for a gain of .7; instead we lost .4
* It gets worse, because last month the gain was expected to be a full point
* The numbers that came out today were so bad that the Atlanta Fed, who recently revised down its Q4 GDP forecast from 1.9 to 1.3 a week or so ago and today they went down to .7
* In my last podcast, I said that soon the Atlanta Fed is going to take their Q4 GDP estimate below 1 and that is just what they did
* We have a lot more bad economic data that is going to come out between now and the end of the month when we get the first estimate of Q4 GDP and there's a pretty good chance that it will be negative, which is halfway to a recession
* With a negative GDP in the 4th quarter, we have a better than 50/50 chance of having another negative GDP in the first quarter and that would put us officially in a recession
* Just in time for the Fed to raise interest rates again - Not!
* More people are coming to the same conclusion I have for a long time now, that the Fed had backed themselves into a corner and felt they had to raise rates regardless of the fact that the data didn't meet their criteria
* I knew that if the Fed raised interest rates that they would regret it because they would have to reverse their direction based on the weak economy combined with a weak market
* Interestingly, there has only been one year ending in "5", Privacy & Opt-Out: https://redcircle.com/privacy

Episoder(1075)

How Trump Is Accelerating America’s Economic Decline - Ep 1035

How Trump Is Accelerating America’s Economic Decline - Ep 1035

Peter Schiff examines gold market dynamics, critiques Trump's economic policies, and discusses investment strategies amidst rising market trends.This episode is sponsored by HIMs. Start your free online visit today at https://hims.com/goldIn this episode of The Peter Schiff Show, host Peter Schiff dives deeply into the current dynamics of the gold market, highlighting the significant impact of tariffs and Trump's economic policies on gold and its stocks. Listeners will gain insights into the asymmetric opportunities within gold stocks, the performance of Bitcoin compared to gold, and the ongoing de-dollarization trend. Schiff emphasizes the importance of recognizing the risks and rewards in today's market, urging investors to consider their strategies carefully. With a focus on international markets and the future of U.S. manufacturing, this episode encapsulates Schiff's unyielding perspective on economic realities, making it a must-listen for those seeking to navigate the complexities of investment in a turbulent financial landscape.🟨 Sign up for Peter's most valuable insights at https://schiffsovereign.com🟡 Schiff Gold News: https://www.schiffgold.com/news🔔 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/peterschiffChapters:03:01 Gold Market Insights04:30 Impact of Tariffs on Gold08:30 Gold Stocks Performance11:14 Bitcoin vs. Gold14:24 Investment Strategies and Fund Performance19:49 US Dollar and International Markets24:20 Trump's Economic Policies31:19 Fannie Mae and Freddie Mac History36:26 Government Takeover of Fannie and Freddie37:02 Trump's Plan for Fannie and Freddie38:11 The Implicit vs. Explicit Guarantee Debate39:48 The Case for Abolishing Fannie and Freddie43:55 Trump's Economic Policies and Their Impact44:57 The Future of US Manufacturing49:37 Investment Strategies and Market Trends53:21 Personal Investment Performance and Advice58:45 Upcoming Events and Final Thoughts#goldinvesting #economictrends #marketanalysisPrivacy & Opt-Out: https://redcircle.com/privacy

11 Aug 1h 7min

Trump Fires BLS Commissioner, Agitates for Fed Mutiny - Ep 1034

Trump Fires BLS Commissioner, Agitates for Fed Mutiny - Ep 1034

Peter Schiff critiques the latest jobs report, dissects the implications of Trump's tariffs, and explores the weak labor market and economic realities.In this episode of The Peter Schiff Show, Peter Schiff delves into the deceptive nature of recent job reports, highlighting how misleading statistics mask a weak labor market. He critiques the government's methodology in reporting job creation, emphasizing the significant downward revisions that undermine the perceived strength of the economy. Schiff discusses the implications of rising tariffs on consumer prices and how they contribute to stagflation, ultimately leading to a precarious economic outlook. As he analyzes the Federal Reserve's stance on interest rates amidst these troubling indicators, Schiff reinforces his belief that the realities of the labor market and inflation are far more dire than official narratives suggest. Tune in for an insightful examination of the economic landscape through Schiff's candid lens.🟨 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/peterschiffChapters:00:00 Introduction to the Jobs Report00:42 Historical Context of Economic Indicators01:22 Critique of Recent Job Reports03:32 Revisions and Market Reactions06:42 Current Jobs Report Analysis08:23 Unemployment Rate and Labor Market Realities10:59 Manufacturing Job Losses15:43 Trump's Reaction and Firing of Labor Department Head23:44 Economic Data and Market Implications26:50 Federal Reserve Meeting Insights29:47 Fed's Inflation Struggles and Policy Decisions31:22 Powell's Response to Interest Burden Concerns33:41 Impact of Tariffs on Inflation and Economy37:04 Rolex Tariffs and Consumer Behavior42:37 Trump's Influence on Fed and Rate Cuts55:30 Upcoming Appearances and Personal Updates#JobsReport #EconomicIndicators #LaborMarketPrivacy & Opt-Out: https://redcircle.com/privacy

4 Aug 1h

Trump Calls Powell Too Dumb for “Easiest Job” - Ep 1033

Trump Calls Powell Too Dumb for “Easiest Job” - Ep 1033

Peter Schiff examines Trump’s misguided economic critiques, delves into inflation's impact, and challenges the Fed’s policies in this episode.Start your free online visit today at https://hims.com/goldIn this episode of The Peter Schiff Show, Peter Schiff delves into the contentious relationship between former President Trump and Federal Reserve Chair Jerome Powell. Schiff highlights Trump’s pointed criticisms of Powell's economic policies, framing them within a broader historical context of interest rates and inflation. As Schiff navigates the complexities of government spending and its impacts on the economy, he emphasizes the inherent contradictions in Trump's past economic stances. Additionally, the episode touches on significant issues such as voting rights and the implications for future generations. With Schiff's keen analysis, listeners will gain a deeper understanding of the economic landscape and the policies that shape it, reinforcing his perspective on the pressing realities facing the nation.📘 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/peterschiffChapters:00:00 Introduction and Headlines00:55 Trump's Criticism of Fed Chair Powell06:13 Historical Context of Interest Rates10:07 Trump's Hypocrisy on Economic Policies22:00 Inflation and the Fed's Response29:43 Critique of Government Spending and Policies32:47 Lowering the Voting Age in the UK33:44 Debating the Voting Age37:26 Historical Context of Voting Rights44:51 Crypto Week and Legislation46:17 Bitcoin and Stable Coins Analysis51:55 Precious Metals Market Update57:59 Conclusion and Call to Action#Trump #InterestRates #VotingRightsPrivacy & Opt-Out: https://redcircle.com/privacy

21 Jul 57min

Investors Bet Tariff Man Chickens Out Again - 1032

Investors Bet Tariff Man Chickens Out Again - 1032

Peter Schiff examines the impact of Trump's tariffs on the economy, critiques government spending bills, and emphasizes the urgency of investing in precious metals.This episode is sponsored by NetSuite. Download the free ebook “Navigating Global Trade: 3 Insights for Leaders” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, Peter Schiff delves into the current state of the economy, focusing on the implications of recent trade deals and tariffs announced by the Trump administration. He highlights the detrimental effects of these tariffs on American consumers, arguing that they will lead to higher prices and increased inflation, ultimately hurting the very economy they aim to protect. Schiff also reflects on American exceptionalism, the significance of government policies on economic growth, and the troubling rise of socialist ideals in politics. Listeners will gain insight into the ongoing economic challenges and the misguided policies that threaten to undermine market stability. Tune in as Peter Schiff navigates through these pressing issues, providing his keen analysis and perspective on the future of the U.S. economy.https://www.youtube.com/watch?v=ifM-zmNWQiohttps://www.youtube.com/watch?v=Qd15JoUnEfE👉 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/peterschiffChapters:00:00 Introduction01:23 Reflecting on American Exceptionalism03:59 Latino Wall Street Award06:32 Trade Deals and Tariffs Analysis19:22 Impact of Tariffs on the Economy25:20 Commercial Break27:36 Jobs Report and Economic Insights29:34 Government Jobs and Economic Impact30:01 Manufacturing and Tariffs30:52 Unemployment Rates and Labor Market31:43 The Budget Busting Bill33:33 Tax Cuts and Economic Consequences41:36 Democratic Policies and Socialism51:41 Investment Strategies and Market Predictions55:04 Podcast Conclusion and Future Plans#tariffs #economicimpact #investorinsightsPrivacy & Opt-Out: https://redcircle.com/privacy

10 Jul 57min

Trump Will Replace Powell With an Even Bigger Moron - Ep 1031

Trump Will Replace Powell With an Even Bigger Moron - Ep 1031

Peter Schiff delves into the Middle East conflict's impact on markets, the Fed's shortcomings, and the implications of a declining dollar on the economy.00:00 Introduction and Apology for Absence01:04 Cruise Ship Experience and Real Estate Summit02:12 Unexpected Encounter with a Podcast Fan03:09 Recent Global Events: Middle East Conflict07:10 Financial Market Movements and Analysis13:08 Precious Metals and Currency Trends20:11 Federal Reserve and Economic Policies25:13 Powell's Testimony and National Debt Concerns37:39 Trump's Reaction to Fed's Rate Decisions39:09 Powell's Stance on the Dollar and Inflation43:13 Criticism of Budget Deficits and Fiscal Policy44:14 Trump's Economic Claims and Hypocrisy49:49 Fed's Role in Deficit Spending53:22 Student Loans and Government's Role01:01:15 Investment Advice on Gold and Silver01:06:59 Conclusion and Final Thoughts⭐️ Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟨 Gold News: http://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/peterschiffPrivacy & Opt-Out: https://redcircle.com/privacy

30 Jun 1h 8min

Elon Musk Blows the Whistle - Ep 1030

Elon Musk Blows the Whistle - Ep 1030

Trump's economic policies, explores the weak labor market, and warns of impending inflationary pressures.Download the free ebook “Navigating Global Trade: 3 Insights for Leaders” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, Peter Schiff delves into the intricate dynamics of the current economic landscape, spotlighting the disillusionment surrounding political promises and the fragility of the labor market. He scrutinizes the recent jobs data, revealing the underlying weaknesses that mainstream narratives often overlook. Schiff emphasizes the deceptive nature of government statistics, drawing connections between economic policies and their real-world implications for inflation and market stability. He also discusses the controversial role of figures like Elon Musk in the political arena, highlighting the tensions and fallout from their interactions with policymakers. As always, Schiff's insights challenge conventional wisdom, providing listeners with a stark reality check on the state of the economy and the precarious path ahead.⭐️ Sign up for Peter's most valuable insights at https://schiffsovereign.com🔔 Free Reports & Market Updates: https://www.europac.com🟨 Gold News: http://www.schiffgold.com/news📘 Book Store: https://schiffradio.com/booksPeter Schiff dissects Elon Musk's critique of 👉 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/peterschiffChapters:00:00 Introduction and Opening Remarks00:55 Vacation and Current Events01:38 Market and Economic Analysis03:40 Jobs Data and Market Reactions11:08 Manufacturing and Trade Deficit20:21 Tariffs and Economic Impact24:59 Precious Metals Market32:24 Political Commentary and Predictions33:16 Deregulation and Investment Strategies33:54 Historical Context of Political Promises34:31 Challenges in Implementing Spending Cuts36:40 Elon Musk's Role and Disillusionment39:13 Political Dynamics and Congressional Challenges48:06 Elon Musk's Public Critique and Fallout53:03 Economic Implications and Future Outlook56:16 Conclusion and Call to Action#ElonMusk #EconomicAnalysis #JobMarketTrendsPrivacy & Opt-Out: https://redcircle.com/privacy

9 Jun 57min

Gold Bull In a Bitcoin Conference - Ep 1029

Gold Bull In a Bitcoin Conference - Ep 1029

Peter Schiff discusses his experiences at the Bitcoin 2025 conference, recent market trends, and critiques various economic policies, emphasizing the importance of prudent investment strategies and skepticism toward Bitcoin's long-term viability.This episode is sponsored by Square. Get up to $200 off Square hardware when you sign up at http://square.com/go/peterIn this episode of the Peter Schiff Show podcast, Peter Schiff gives a detailed commentary on various market trends and economic policies. He analyzes the performance of stocks, gold, and Bitcoin during the previous month, noting significant market movements. Schiff provides his critical perspective on the recent Bitcoin Conference he attended in Las Vegas, emphasizing the irony that many attendees credit him for their Bitcoin investments despite his criticism of the cryptocurrency. He also critiques U.S. economic policies, particularly focusing on tariffs, government spending, and recent court rulings affecting trade. Additionally, Schiff discusses his ongoing podcast tour and upcoming public appearances, along with providing personal anecdotes about his family. He concludes the episode by urging listeners to subscribe to his YouTube channel.📘 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/peterschiffChapters:00:00 Introduction to the Peter Schiff Show01:38 Market Overview: May Performance and Predictions02:32 Gold and Bitcoin: Correlation and Market Movements05:21 Tariffs and Trade Wars: Impact on Markets12:56 Trump vs. Powell: The Fed's Independence18:20 Upcoming Events and Personal Announcements22:09 Big Beautiful Bill: Debunking the Myths29:41 Bitcoin Conference Experience30:06 Contrarian Voices at the Bitcoin Conference30:42 Impressions of the Conference Organization31:37 Bitcoin Treasury Companies and Market Dynamics33:17 Unexpected Positive Reception36:16 Debate and Michael Saylor's Speech42:02 Bitcoin's Market Performance and Speculation51:52 Final Thoughts and Personal Updates#Bitcoin📘 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/peterschiffPrivacy & Opt-Out: https://redcircle.com/privacy

2 Jun 53min

The Sell America Trade Gathers Momentum - Ep 1028

The Sell America Trade Gathers Momentum - Ep 1028

Peter Schiff discusses recent financial market turmoil, significant growth in precious metals, and critiques Trump's policies and actions.This episode is sponsored by Square. Get up to $200 off Square hardware when you sign up at https://square.com/go/peterIn the latest episode of The Peter Schiff Show, host Peter Schiff provides an in-depth analysis of the recent turbulence in financial markets. Schiff discusses the significant rise in gold prices, which closed at its highest weekly price ever, while other precious metals like silver and platinum also saw a notable increase. He highlights the decline of the US dollar and reveals the consequences of tariff policies, emphasizing the need for listeners to consider precious metals and foreign equities as a hedge against impending economic challenges. Schiff also examines the Fitch downgrade of US government credit, linking it to unsustainable fiscal policies under both Trump and Biden administrations. Additionally, he scrutinizes the political and economic conflicts surrounding tariffs, privatization of Fannie Mae and Freddie Mac, and personal financial gains made by Trump during his presidency. Listeners are encouraged to stay in tune for more insights and remain proactive in safeguarding their financial portfolios.🟨 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/peterschiffChapters:00:00 Introduction and Opening Remarks02:48 Market Recap and Gold's Performance05:57 US Dollar and Treasury Market Analysis11:29 Impact of US Credit Downgrade18:44 US Treasuries and Inflation23:46 Trump's Economic Policies and Tariffs40:10 Currency Dynamics and the Weak Dollar42:34 Trump's Economic Policies and Wall Street Influence45:25 Impact of Tariffs on the US Economy46:29 Fannie Mae and Freddie Mac Privatization52:18 Bitcoin and Cryptocurrency Insights54:26 Upcoming Conferences and Events57:22 Trump's Use of Presidency for Personal Gain01:12:03 Final Thoughts#gold #silver #bitcoinPrivacy & Opt-Out: https://redcircle.com/privacy

26 Mai 1h 12min

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