"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •172 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 941.40 | +5.00 | +0.53% |
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WTI Crude •10 mins | 69.23 | -0.23 | -0.33% |
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Gasoline •17 mins | 1.945 | +0.003 | +0.16% |
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Ethanol •172 days | 2.161 | +0.000 | +0.00% |
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Silver •172 days | 30.82 | +1.16 | +3.92% |
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Silver • 172 days | 30.82 | +1.16 | +3.92% | |
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Copper • 172 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 72.69 | -0.25 | -0.34% | |
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Natural Gas • 10 mins | 3.865 | +0.117 | +3.12% | |
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Heating Oil • 15 mins | 2.242 | +0.011 | +0.47% |
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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Sorry Ben, the Buck Stops with You
During his testimony before Congress this week, Ben Bernanke didn't hesitate to opine on a number of topics that had very little to do with…
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Time to Face the Music
This week, bond rating agencies Moody's and Standard & Poor's finally announced downgrades on billions of dollars of bonds backed by subprime mortgages. Though the…
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Will Japan Destroy the Yen to Save the Dollar?
As the Japanese government continues holding short-term interest rates near zero while printing yen like it is going out of style, getting out of the…
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Subprime Shoes Continue to Drop
The meltdown in the subprime mortgage market is inexorably spreading throughout the U.S. economy. The first shoe dropped in February, when scores of mortgage originators…
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Ain't No Yield High Enough
Now that yields on ten-year Treasuries have cracked through 5%, on their way to infinity and beyond, many on Wall Street are wondering how high…
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Good Money After Bad
At a commercial real estate conference earlier this week, Alan Greenspan downplayed concerns that the Chinese might sell their significant holdings of U.S. Treasuries. The…
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What Do Stocks Have to do With the Price of Pork in China?
By tripling the tax on brokerage transactions, the Chinese government succeeded, at least temporarily, in restraining the surging Chinese stock market. But my expectation is…
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When Will All This Bad News Sink In?
As a steady stream of bad U.S. economic news accumulates, one wonders when the stock market will finally take notice. After years of highly effective…
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Is Global Stock Market Exuberance Rational?
As stocks markets around the world rise to record highs, even former Fed Chairman Alan Greenspan could not refrain from raising concerns about surging Chinese…
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Lipstick on a Pig
As Treasury Secretary Henry Paulson continues to drum up interest in direct investment in the United States, he will rely on a set of skills…
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"Growth" is in the Eye of the Beholder
It may come as a shock to many of you, but I too believe that we are experiencing a "Goldilocks" economy. However, unlike most on…
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What Record High?
As the Dow burst through the 13,000 milestone this week, few understood the hollowness of the achievement. Measured against the rising dollar-denominated prices of just…
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Ding Dong the Witch isn't Dead
With this week's release of an apparently benign CPI report, Wall Street resembled Munchkin Land celebrating the death of the Wicked Witch of Inflation. Amidst…
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Perched Precariously on a Precipice
The dollar is no longer responding to traditional stimulants. This week, despite the apparently "hawkish" tone in the recently released Fed minutes, and trade deficit…
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No More Legs to Stand On
As investors and market strategists sift through every new economic tea leaf for clues about the health of the U.S. economy, I am reminded of…
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How Blind Can They Be?
As our phony economy begins to unravel before our eyes, it is amazing how few people can actually see it. The collective wisdom of stock…
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Don't Uncork the Champagne Just Yet
By omitting a few key words from their most recent statement, the Fed led Wall Street to the premature conclusion that the next move in…
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From the Sub-Prime to the Ridiculous
With the meltdown in the sub-prime mortgage sector now laid bare, many on Wall Street desperately cling to the notion that the pain will be…
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The Worst is Far from Over!
With today's relatively benign jobs report coming in close to the consensus forecast and with the stock market comfortably above Monday's low, most on Wall…
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Crash Proof: How to Profit from the Coming Economic Collapse
With the recent sharp decline in the stock market, the timing of the official release of my new book "Crash Proof" this Monday could not…
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