Peter Schiff

Contributor since: 26 Feb 2010

Contact Contributor

Biography

• Americans Keep Digging

  Published 31 March 2005 | viewed 5,830 times

  The first rule of holes is that when you find yourself in one, quit digging. Not so for Americans, who simply buy larger imported shovels.…

• Even Stephen Roach Has It Wrong

  Published 29 March 2005 | viewed 17,482 times

  In his latest commentary, Morgan Stanley's Stephen Roach, perhaps the only Wall Street economist who at least partially comprehends the looming economic danger, once again…

• If You Think Higher Interest Rates Will Help the Dollar, Think Again!

  Published 24 March 2005 | viewed 5,933 times

  Since the release of the Fed Open Market Committee statement yesterday, much has been said about the Fed's newfound commitment to contain inflation. However, currency…

• The U.S. Dollar's Days as the World's Reserve Currency are Numbered

  Published 19 March 2005 | viewed 8,974 times

  In the 20th Century, the U.S. dollar became the world's reserve currency because it was the coin of the world's leading economy. In the "Bizzaro"…

• Kudlow on the Trade Deficit

  Published 12 March 2005 | viewed 7,786 times

  Today, with the release of January's $58.3 billion dollar trade deficit (the second worst monthly result on record), the enormity of the imbalance was once…

• The U.S. Economy is as Vulnerable as Ever to an Oil-Shock

  Published 10 March 2005 | viewed 7,770 times

  With oil prices consolidating above $50 per barrel, forming a base upon which future price increases will likely be built, there is no shortage of…

• Strong Employment Numbers Portend Worsening Economic Imbalances

  Published 05 March 2005 | viewed 6,981 times

  As crazy as this may sound, not all employment is good employment. Today's labor department release of a larger than expected 262,000 increase in February…

• Greenspan Walks Policy Tightrope

  Published 03 March 2005 | viewed 5,842 times

  In early morning trading the U.S dollar rallied in anticipation that Alan Greenspan's Congressional testimony would include an upbeat forecast for the U.S. economy and…

• Greenspan Tells More Whoppers

  Published 18 February 2005 | viewed 6,840 times

  In the second part of his congressional testimony, Alan Greenspan let fly a few zingers worth noting. Among the highlights: He claimed that there is…

• Greenspan Feigns Confusion Over a No-brainer

  Published 17 February 2005 | viewed 6,472 times

  In his congressional testimony today, Greenspan said it was impossible to ascertain the effect on interest rates and national savings of the larger budget deficits…

• Strong Retail Sales Reflect Inflation Not Growth

  Published 16 February 2005 | viewed 5,291 times

  Today's larger than expected .6% increase in January Ex-Autos retail sales, while heralded as good news by Wall Street economists, is actually bad news for…

• CNBC Redefines the Word "Sacrifice"

  Published 11 February 2005 | viewed 11,057 times

  One of the more amusing spectacles in the ongoing circus on Wall Street occurs monthly as economic contortionists attempt to twist horrific trade reports into…

• Warren Buffett and Bill Gates do Not a Mania Make

  Published 09 February 2005 | viewed 10,792 times

  Now that the reality of the falling dollar has finally registered with the average American, and has been covered broadly by the media and has…