How Many Canaries Have to Die? – Ep.  401

How Many Canaries Have to Die? – Ep. 401

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Overwhelming Evidence of a Weakening Economy
The Dow Jones was the only one of the major indexes to close the day higher. The S&P was down slightly, we had larger declines in the Nasdaq and the Russell 2000. More importantly than the movements that we've just seen on the day, or even the week, look at what's happened thus far during the month of October, which I had been warning on my podcast. It looked like there could be a weak October, given where we were in the market, given how ridiculous the sentiment was in the face of overwhelming evidence that the economy was weakening
Russell 2000 Down 9.2%
If you look at the numbers, the Dow Jones is down 3.8% so far on the month. That's the best performing of the averages. The S&P, down about 4.7% on the month, Nasdaq Composite down 7.4%; the transport down 8.3% and the Russell 2000 - 9.2% decline. Remember, the Russell 2000 is where everybody wanted to buy. Earlier last month the talk was that you needed to be in the Russell 2000 because the rest of the world was in trouble, you needed a safe haven from all the turmoil around the world, that the U.S was going to win the trade war, and of course, the companies that had the least vulnerabilities to the trade war were the domestic companies that weren't multinational and those are the companies that you would find in the Russell 2000. Small-company U.S. stocks - so people were piling in. Those are the stocks that have done the worst. Down 9.2% on the month.
Gold, Gold Stocks Up; Bond Yields Continue to Rise
While stocks were going down, gold was going up. Gold is up about 3% so far during the month of October. Gold stocks doing even better - GDX and GDXJ each up about 8% so far on the month.

Bond yields continue to rise; they were higher today; higher on the week; higher on the month and as bond yields are rising, the dollar is also rising, but ever so slightly. We're not seeing that much of a gain in the dollar. But ultimately, the dollar is going to turn around when people finally what should have been obvious all along: that the U.S. economy is not nearly as strong as is generally believed. It is certainly not as strong as the Federal Reserve is claiming.
Markets Fall as Fed Shrinks Balance Sheet
The FOMC minutes were out earlier this week and once again, the Fed is displaying extreme confidence in the U.S. economy as it continues to maintain its stance that it will continue to raise interest rates; that it is going to continue with its plan to shrink its balance sheet. Of course that is the real reason that the markets continue to fall. The Fed continues to threaten the markets with higher interest rates.
When You're in a Bear Market, You Don't Need an Excuse for the Market to Go Down
Yesterday, we had a pretty big drop in the markets intra-day; the Dow surrendered some gains and a lot of the people in the media were trying to figure out what was to blame. They were pointing to speeches that Larry Kudlow made where he was talking tough against China or Trump talking tough or even European Union getting tough with Italy - I forget all the various excuses.

But, you know what? the market would have probably fallen even if none of those things had happened. When y0u're in a bear market, and I think there's a very good chance we're in a bear market, you don't need an excuse for the market to go down. The market just goes down.

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Episoder(1085)

I Won My Defamation Lawsuit in Australia - Ep 933

I Won My Defamation Lawsuit in Australia - Ep 933

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/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

29 Nov 20231h 16min

A Soft Landing Is Impossible - Ep 932

A Soft Landing Is Impossible - Ep 932

Cut your wireless bill to $15 a month at https://mintmobile.com/goldGo to https://oxyhelp.com – Tell them Peter Schiff sent you and get 10% off your hyperbaric chamberJoin 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

18 Nov 202355min

Reports of Inflation’s Death Are Greatly Exaggerated - Ep 931

Reports of Inflation’s Death Are Greatly Exaggerated - Ep 931

Visit https://indeed.com/peter to start hiring now.One-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

15 Nov 20231h 2min

Investor Optimism at Odds With Reality - Ep 930

Investor Optimism at Odds With Reality - Ep 930

Visit https://indeed.com/peter to start hiring now.Go to https://oxyhelp.com – Tell them Peter Schiff sent you and get 10% off your hyperbaric chamberJoin 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

11 Nov 202356min

Fed Won’t Achieve Either Mandate - Ep 929

Fed Won’t Achieve Either Mandate - Ep 929

Get an extra 3 months free. https://expressvpn.com/goldSign up for a $1/month trial period at https://shopify.com/gold 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/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

6 Nov 202356min

The National Debt Is the Scariest Halloween Costume - Ep 928

The National Debt Is the Scariest Halloween Costume - Ep 928

Go to https://joindeleteme.com/gold and use promo code GOLD for 20% off.Get an extra 3 months. https://expressvpn.com/goldTake back your privacy! Register for the free data security webinar on October 12th at https://schiffradio.com/actionJoin 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

31 Okt 202354min

The US Isn't Japan, It's Argentina - Ep 927

The US Isn't Japan, It's Argentina - Ep 927

Sign up for a $1/month trial period at https://shopify.com/goldVisit https://indeed.com/peter to start hiring nowTake back your privacy! Register for the free data security webinar on October 12th at https://schiffradio.com/actionJoin 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

27 Okt 202354min

Powell’s Not Qualified to Be a Member of an Economic Club - Ep 926

Powell’s Not Qualified to Be a Member of an Economic Club - Ep 926

One-of-a-kind financing program at https://netsuite.com/goldGo to https://oxyhelp.com - Tell them Peter Schiff sent you and get 10% off your hyperbaric chamberJoin 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

20 Okt 202355min

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