"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •272 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 1,010.50 | +5.90 | +0.59% |
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WTI Crude •10 mins | 71.26 | +0.06 | +0.08% |
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Gasoline •10 mins | 2.306 | +0.004 | +0.15% |
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Ethanol •272 days | 2.161 | +0.000 | +0.00% |
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Silver •272 days | 30.82 | +1.16 | +3.92% |
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Silver • 272 days | 30.82 | +1.16 | +3.92% | |
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Copper • 272 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 74.50 | +0.01 | +0.01% | |
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Natural Gas • 10 mins | 3.946 | -0.005 | -0.13% | |
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Heating Oil • 10 mins | 2.296 | +0.007 | +0.31% |
Peter Schiff
Contributor since: 26 Feb 2010
Biography
Mr. Schiff is one of the few non-biased investment advisors (not committed solely to the short side of the market) to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on the U.S. stock market, commodities, gold and the dollar, he is becoming increasingly more renowned. He has been quoted in many of the nations leading newspapers, including The Wall Street Journal, Barron's, Investor's Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and has appeared on CNBC, CNNfn., and Bloomberg. In addition, his views are frequently quoted locally in the Orange County Register.
Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkley in 1987. A financial professional for seventeen years he joined Euro Pacific in 1996 and has served as its President since January 2000. An expert on money, economic theory, and international investing, he is a highly recommended broker by many of the nation's financial newsletters and advisory services.
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"Experts" Never Learn
There is an inexplicable, but somehow widely held, belief that stock market movements are predictive of economic conditions. As such, the current rally in U.S.…
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Happy Days Aren't Here Again
Have you heard the great news? The recession is over! It's true; I saw it on TV. Why fret about growing unemployment lines when banks…
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No Exit for Ben
In a Wall Street Journal op-ed on Monday, and in congressional testimony later in the week, Fed Chairman Ben Bernanke reassured all that thanks to…
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Prescription for Disaster
The health care bill unveiled this week by the House of Representatives (with the full support of the Obama administration) is one of the worst…
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Minimum Wage, Maximum Stupidity
In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is…
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Double Whammy
Misguided government policies have already dealt vicious body blows to our economy, but that hasn't stopped politicians this week from launching two new kicks to…
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Back in the U.S.S.A.
Harry Browne, the former Libertarian Party candidate for president, used to say: "the government is great at breaking your leg, handing you a crutch, and…
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Property Rights Take a Hit
"Crony capitalism" is a term often applied to foreign nations where government interference circumvents market forces. The practice is widely associated with tin-pot dictators and…
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The Charm Offensive
This week, Team Obama took their dog and pony show on the road. Treasury Secretary Geithner went to China, Fed Chairman Bernanke to Capitol Hill,…
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Obama Should Tell California to Drop Dead
During the height of New York City's financial crisis in the 1970's, President Gerald Ford had the good sense to turn down Mayor Abe Beame's…
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Who, Me? Yes You!
When, during the invasion of Iraq, the United States Government issued its famous deck of playing cards with the 52 arch villains of the Iraqi…
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Dont Be Fooled by Inflation
Strike up the band, boys, happy days are here again! Recently released short-term economic data, including unemployment claims, non-farm payrolls, home sales, and business spending,…
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Here They Come To Save The Day
With much fanfare this week, Congress and the Administration began a series of actions designed to protect over-leveraged consumers from the high fees imposed by…
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Not All Economists Agree
In a speech this week summarizing his administration's economic policies, President Obama grossly overstated the support these policies enjoy by claiming, "economists on the left…
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Let's Play Pretend!
When elementary school kids want to escape the confines of their circumstances they pretend to be pirates, princesses, and Jedi knights. Now, with the relaxation…
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The Fault Lines Emerge
For a few fleeting, horrifying moments this past week the fault lines that underlie the global economic crisis erupted into plain view. With deft and…
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The Mother of all Bells
There is an old adage on Wall Street that no one rings a bell at major market tops or bottoms. That may be true in…
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Credit Card Cancer
This week, with his pronouncement that "credit is the lifeblood of a healthy economy," President Obama reiterated what has been one of his most common…
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Rush to Judgment
Talk show host and conservative icon Rush Limbaugh recently ignited a firestorm of criticism for expressing his desire that Barack Obama should fail. Democrats, and…
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Obama Puts the Economic Cart before the Horse
In his first televised speech before Congress, President Obama asserted that prosperity will return once the government restores the flow of credit in the economy.…
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