Peak GDP Sets Stage for Major Economic Fail – Ep. 374
The Peter Schiff Show Podcast28 Jul 2018

Peak GDP Sets Stage for Major Economic Fail – Ep. 374

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U.S. GDP Growth Reported at 4.1%
Today we finally got the highly anticipated first look at U.S. economic growth, or really GDP growth, because the GDP is not that great a barometer of the economy. Nonetheless, thats the one that everybody uses to measure it, and that's the one that we're going to talk about. Perhaps I can get into why the GDP is such a flawed measure in a different podcast; I really don't want to get into it today. I just want to talk about the numbers that are being spoon-fed.
Atlanta Fed Forecast of 3.8% Might Be Closer to Final Number
In any event, we got the number today, and there was initially a loth of estimates that we could just blow it away this quarter, that we could have a number north of 5%, and we got 4.1%. So, we at least are above 4%, which lets Donald Trump brag about the number being over 4%, although we'll see how long it stays over 4%. You know, we did get a lot of data that was coming out this week, and in recent weeks. In fact, the Atlanta Fed lowered its forecast, which at one point was as high as 5.4% and it lowered it down to 3.8% yesterday. I think that 38 might end up being more accurate than the 4.1%. In fact, we may end up being below 3.8% by the time they make the final revisions.
Celebration May Be Premature
They actually revised the first quarter back up to 2.2%. So they revise these things constantly. The first number is rarely the correct number. In theory, they could revise it up but I think it's more likely that the revision is going to be down, so the celebration is premature.
New Home Sales Lowest in 8 Months
Two numbers that came out this week that caused the Atlanta Fed to move down to 3.8%: one was new home sales. It was the lowest in 8 months. In fact, they revised down some prior months. I had already reported in a previous podcast the weak numbers for existing home sales, which is a bigger number because most of the homes that are bought already exist. But the ones that are being built have a bigger impact on the economy proportionately because of all the construction jobs. 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)

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Something’s Gotta Give – Ep 798

* Bond bulls haven’t thrown in the towel yet. * Biden wants to expand Obamacare. * Bitcoin moves from diamond hands to paper hands. Get an extra 3 months. https://expressvpn.com/gold Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ 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 Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.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

10 Apr 20221h 5min

It’s Much Later Than the Fed Thinks – Ep 797

It’s Much Later Than the Fed Thinks – Ep 797

* You can't have normal interest rates unless you have normal inflation. * Politicians are pandering to crypto enthusiasts. * Peter Thiel delivers pie in the sky speech at Miami Bitcoin Conference. * The only time government can do good, is when it undoes bad things it’s previously done. * The constitution doesn’t authorize the federal government to ban marijuana or any other drugs. Free $75 credit to boost your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through 4/30/22 Cut your wireless bill to $15/month at https://mintmobile.com/gold Join me and other world class speakers on the Traders Summit live online conference 8th-10th April! Register FREE here with one click: https://tradersummit.net/event-2022/?ref=1012 Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ 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 Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.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

8 Apr 20221h 5min

Fed Doves Pretending to Be Inflation Hawks Are Chickenhawks – Ep 796

Fed Doves Pretending to Be Inflation Hawks Are Chickenhawks – Ep 796

* Bond market continues getting beaten up. * Lael Brainard spooks the markets with sudden hawk talk. * When you live in a glass White House, don’t throw stones. * Sanctions created a bottom and bull market for the Russian ruble. Join me and other world class speakers on the Traders Summit live online conference 8th-10th April! Register FREE here with one click: https://tradersummit.net/event-2022/?ref=1012 Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ 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 Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.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

6 Apr 202243min

Q1 Ends as Market and Economic Pain Begins – Ep 795

Q1 Ends as Market and Economic Pain Begins – Ep 795

* Fools bought the dip in March. * Don’t wait to sell in May and go away. * Cathie Wood turns down debate invitation. * Meme stocks pumped, peaked, and dumped. * Dollar’s tailwind in Q1 will become a headwind in Q2. * Bonds suffer their worst quarter in 40 years. * Commodities experience their best quarter in 32 years. * America is headed for stagflation. Go to https://bambee.com/gold to schedule your FREE HR audit. Thanks Athletic Greens. Go to https://athleticgreens.com/peter to get a FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase. 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 Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.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 Apr 202256min

German CPI Exposes ECB’s Low Inflation Lies – Ep 794

German CPI Exposes ECB’s Low Inflation Lies – Ep 794

* Europe has a serious inflation problem. * The ECB says the cost of living isn’t rising fast enough. * Politicians and central bankers are using covid and Putin as scapegoats for inflation. * The bigger the government, the bigger the problems. * Gold and oil react to peace talks in Ukraine. Get $300 off and FREE shipping at https://liveouter.com/gold 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 Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.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

31 Mar 202244min

The Fed Will Be Turning Japanese, I Really Think So – Ep 793

The Fed Will Be Turning Japanese, I Really Think So – Ep 793

* Japanese will pay higher taxes, officially or through inflation. * All bonds, not just treasuries, will fall in price. * Biden calls for new wealth tax. Thanks https://avast.com! Thanks Ladder. Go to https://ladderlife.com/gold today to see if you’re instantly approved. 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 Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.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

28 Mar 202255min

Stock Investors Bathing in Bond Blood Bath – Ep 792

Stock Investors Bathing in Bond Blood Bath – Ep 792

* Bond market has worst quarter since 1980. * Recession will not take care of inflation. * Mortgage rates will double far sooner than income. * Gold stocks outperforming tech stocks is a sign of things changing. * Biden will prolong the Russian invasion to scapegoat inflation crisis. * Ukraine is fighting for sovereignty, not freedom. * Idiot reporter asks Biden stupidest question ever. Thanks https://avast.com! Go to https://athleticgreens.com/peter to get a FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase. 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 Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.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

26 Mar 20221h 3min

Government Solutions Worsen Every Problem Government Creates – Ep 791

Government Solutions Worsen Every Problem Government Creates – Ep 791

* Stocks are going up and down while gold is just going up. * Bond prices are a function of government intervention and nothing else. * Bitcoin, tech, and meme stocks caught up in bear market rally. * Democrats’ Gas Rebate Act will fuel the inflation fire. Go to https://novo.co/gold and get your FREE business checking account 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 Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.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 Mar 202239min

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