"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •15 mins | 2,417.40 | +31.90 | +1.34% |
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Platinum •15 mins | 1,090.00 | +18.70 | +1.75% |
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WTI Crude •1 day | 80.06 | +0.83 | +1.05% |
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Gasoline •1 day | 2.574 | +0.036 | +1.43% |
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Ethanol •1 day | 2.161 | +0.000 | +0.00% |
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Silver •15 mins | 31.26 | +1.38 | +4.63% |
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Silver • 15 mins | 31.26 | +1.38 | +4.63% | |
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Copper • 15 mins | 5.050 | +0.173 | +3.55% | |
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Brent Crude • 1 day | 83.98 | +0.71 | +0.85% | |
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Natural Gas • 1 day | 2.626 | +0.131 | +5.25% | |
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Heating Oil • 1 day | 2.486 | +0.043 | +1.74% |
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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The Mother of all Bad Ideas
Without question, the Bush administration's mortgage rescue plan will exacerbate, not alleviate, the problems in the housing market. As the plan will sharply reduce the…
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The End of Consumer Credit as We Know It
In an article this week that examined the troubles brewing in Citigroup's mortgage business, the Wall Street Journal focused on Natalie Brandon, a 51 year…
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Heads we Win, Tails you Lose
As internal debates in the Gulf and Asian nations intensify over the need to continue propping up the U.S. economy, dangerous signals this past week…
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Subprime Consumers
When home prices skyrocketed in the early part of this decade, everyone seemed to forget that the subprime borrowers were high risk by definition. Now…
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From Main Street to Wall Street
Recent reports of better than expected job growth and a 3.9% gain in 3rd quarter GDP have spawned much talk about how the resilience of…
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They Have Got to be Kidding
Yesterday, as the dollar fell to new record lows and oil and gold prices surged to new highs, Wall Street remained fixated on wholly meaningless…
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Send in the Clowns
Four leading members of the Bush administration's economic team, including Ed Lazear, Chairman of the Council of Economic Advisors, Commerce Secretary Carlos Gutierrez, Al Hubbard,…
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Prices are the Cart, Money Supply is the Horse
The sad truth is that despite the best efforts of monetary economists everywhere, fundamental misconceptions about inflation remain entrenched in government, business, and the media.…
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Why a Weak Dollar Hurts U.S. Manufacturers
The vast majority of economists are currently hailing the freefall of the dollar as a windfall for American business. While some domestic manufacturers may enjoy…
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Are There Too Many Dollar Bears?
As a contrarian, it is my nature to worry when too many people start agreeing with me. Currently, many of my most vocal critics, who…
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Stagflation Revisited
Currently, Wall Street is divided into two camps: those who feel the Fed should fight recession, and those who feel it should fight inflation. The…
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Helicopter Ben Earns His Wings
Coming at a time when rate increases were needed to combat the sinking dollar and surging gold, oil and other commodity prices, Ben Bernanke's 50…
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American Consumers are Losing their Crown
With the U.S. Dollar Index breaking decisively below its long-term support level, the sun is finally setting on the golden age of American consumption. As…
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Too Big to be Bailed Out
Now that home mortgage defaults are spreading like wildfire from coast to coast, there is a growing sense of certainty that the government will attempt…
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The Writing is on the Wall
This week, Larry Kudlow and others strongly chastised Bernanke for his failure to read the writing on the wall and urged the Fed Chairman to…
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It's a Shoe In
The current economic debate really boils down to one essential question: "Will there be a recession?" To me, the question has about as much vitality…
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Lenders Take the Jab, Borrowers Take the Knockout
The current weakness in domestic markets has recently been magnified overseas as panic spread to foreign investors with exposure to U.S. asset backed debt. Some…
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The Shoddiest Export
For years, Americans have been able to pay for enormous trade deficits by exchanging IOU's for imported consumer goods. Unfortunately for foreign creditors, a substantial…
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It's the Fundamentals Stupid
Amid the recent stock market weakness, the pundits are virtually unanimous in their claims that good underlying economic fundamentals are being trumped by irrational fear.…
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What a Difference a Week Makes!
Last week, as the Dow breached the 14,000 mark for the first time, bullish swagger on Wall Street went into overdrive. Some of the bulls…
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