Guaranteed Jobs Guarantees Disaster – Ep. 349

Guaranteed Jobs Guarantees Disaster – Ep. 349

Markets Down But Not by as Much as Expected
All the major U.S. stock markets were down on the week, but not by as much as I thought. We got that big drop on Monday, where we got the very bad reaction to even better than expected earnings. Plus, with interest rates rising, I thought we would have had more selling, but we didn't we actually rallied back most of the week from the big Monday decline, not enough to recover all of the losses, but the total losses on the week were not that bad. The Dow was down today, actually, by about 11 points. The NASDAQ eked out a small gain as did the S&P 500.
Yield on the 10-Year Highest Since Financial Crisis
Interest rates were moving up. In fact, the yield on the 10-year on Wednesday hit 3.035%. This is the highest it has been since before the Financial Crisis and I think one of the reasons that the stock market recovered a bit this week was because investors breathed a sigh of relief that the yield didn't stay above 3%. We closed above 3% on that Monday, I think it was 3.024%, but then we dropped on Thursday and dropped again on Friday; we went out at 2.957%, and that's only a slight increase from the 2.951% that yields closed at the prior week.
Existing Rates High Enough for Significant Damage
I think the markets are lulling in a false sense of security if they think that it's just one and done. "We finally took out 3%, maybe we cleared out some stops, and that's it. Yields have peaked, so there's nothing to worry about." As I said on my last podcast, even if this is the peak, I think it is already high enough to do significant damage to the economy, to the financial markets, to U.S. government finances. But - it's not the peak.
Rising Bond Yields Are Not Bullish for the Dollar
Rates have barely begun to rise and I think they are going a lot higher. Higher rates did continue to support the dollar. The dollar actually had a strong week; the dollar index closed up just over 1% on the week. It was down slightly today, so we surrendered some gains earlier this morning, but it was still an up week for the dollar. Again, I think those people who are buying the dollar are going to lose a lot of money if they don't turn around and sell. I think this is a sucker rally. As I said in my last podcast: Rising bond yields are not bullish for the dollar. 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

Episoder(1085)

Has Reality Ended the Bear Market Rally? – Ep 569

Has Reality Ended the Bear Market Rally? – Ep 569

Government encouraging people not to work. Jim Cramer’s restaurant can’t stand the heat. Businesses at increased risk for lawsuits. Nobody is forced to go to work. Democrats don’t believe all women. Q&A. Link to my Standup: https://www.youtube.com/watch?v=ne__pTRAenc&t=42s RATE AND REVIEW the Peter Schiff Show Podcast 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 Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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.com Privacy & Opt-Out: https://redcircle.com/privacy

2 Mai 20201h 18min

It’s Time to Worry About the Debt When the Fed’s Not – Ep 568

It’s Time to Worry About the Debt When the Fed’s Not – Ep 568

Final trading day in April will go into the record books. Markets ignoring more bad economic data. Jerome Powell flashes the green light to buy gold. US considers suing China and defaulting on debt. Money supply surges by a third of a trillion dollars in a week. Major housing real estate disaster before us. Travon Martin Hoax Free Video: https://youtu.be/QAw5ykIPOBM RATE AND REVIEW the Peter Schiff Show Podcast 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 Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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.com Privacy & Opt-Out: https://redcircle.com/privacy

30 Apr 202049min

The Era of Big Government Never Ended – Ep 567

The Era of Big Government Never Ended – Ep 567

More bad data getting a pass. Confidence doesn’t drive an economy, but it does reflect bubbles. Trade deficit imbalance getting worse. You cannot consume what has not been produced. We’re still paying taxes imposed to win WWII. Jeff Gundlach blocked me. RATE AND REVIEW the Peter Schiff Show Podcast 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 Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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.com Privacy & Opt-Out: https://redcircle.com/privacy

29 Apr 20201h 4min

The Debt Time Bomb May Soon Detonate – Ep 566

The Debt Time Bomb May Soon Detonate – Ep 566

Inflation video: https://www.youtube.com/watch?v=pwI3Nya5L9g The economy was sick long before the coronavirus. Businesses need big government to bail them out because of big government. The economy will be a lot smaller at the end of this year. Economic stimulus is actually a sedative. Working from home will be a lasting change that will affect real estate. Q&A Register for the Money Show virtual event: http://schiff.moneyshow.com/ RATE AND REVIEW the Peter Schiff Show Podcast 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 Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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.com Privacy & Opt-Out: https://redcircle.com/privacy

25 Apr 20201h 40min

Soon Even The Village Idiot Will be Buying Gold Stocks – Ep 565

Soon Even The Village Idiot Will be Buying Gold Stocks – Ep 565

Gold stocks a coiled spring; prices already doubled in one month. Paper gold might end up as just paper. More money for small businesses will be fraudulently claimed by big businesses. People are about to find out he economy isn’t a light switch and won’t just switch back on. Gold has no ceiling and the dollar has no floor. RATE AND REVIEW the Peter Schiff Show Podcast 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 Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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.com Privacy & Opt-Out: https://redcircle.com/privacy

22 Apr 202045min

First Negative Interest Rates, Now Negative Oil Prices – Ep 564

First Negative Interest Rates, Now Negative Oil Prices – Ep 564

Oil prices collapse into the negatives. Lower oil prices are still inflationary. Gold ETFs beginning to look risky as supplies lag demand. Oil and gold may be the one-two punch that takes out the dollar. The gold standard is coming back. Unlike oil, at least Bitcoin will only go to zero. RATE AND REVIEW the Peter Schiff Show Podcast 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 Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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.com Privacy & Opt-Out: https://redcircle.com/privacy

20 Apr 202043min

Government will Kill More Businesses Than it Saves – Ep 563

Government will Kill More Businesses Than it Saves – Ep 563

Optimism in market from progress toward vaccine. Wall Street showing their bias against gold stocks. Fed’s balance sheet climbing toward 7 trillion. Bailouts will kill businesses. Q&A RATE AND REVIEW the Peter Schiff Show Podcast 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 Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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.com Privacy & Opt-Out: https://redcircle.com/privacy

18 Apr 20201h 36min

Self-inflicted Wounds Can Be Just as Fatal – Ep 562

Self-inflicted Wounds Can Be Just as Fatal – Ep 562

Markets rallied yesterday and surrendered it all back today. Financials did not participate in yesterday’s rally, signaling trouble ahead. Banks getting backdoor bailouts. Lenders clamping down on mortgages as housing market prepares to collapse. Donald Trump buys votes with voters’ money. 2020 Election comes down to a Democrat vs. a Democrat. RATE AND REVIEW the Peter Schiff Show Podcast 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 Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.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.com Privacy & Opt-Out: https://redcircle.com/privacy

16 Apr 202045min

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