Peter Schiff - Euro Pacific Capital

Calm before the storm

In light of the 30th anniversary of the Black Monday Crash in '87 we should be reminded that investor anxiety usually increases when markets get to extremes.

Blowing off the roof

Of all the absurd Washington pantomimes none has been as reliably entertaining and maddening as the annual debates to raise the debt ceiling.

The swamp strikes back

On August 21st many Americans witnessed the moon cast a historic but short-lived shadow across the United States. One day later, President Trump reversed his previously stated position on the 16 year old Afghan War, thereby eclipsing the possibility that the United States would finally come to its senses and rethink a failed strategy that is likely to fail for years, perhaps decades, to come.

The Fed may show Trump no love

Typically, U.S. Presidents are wary of claiming stock market performance as a referendum on their success.

In defense of Trumpian diplomacy

Given the media's obsession with some of the President Trump's communication challenges, it was utterly predictable that the President's declaration that his trip to Europe and the Middle East should be considered a "home run" was met almost universally with ridicule.

Damn the deficits, huge tax cuts ahead!

While I have rarely met a tax cut I didn't like, this one just may be more likely to send the economy into a downward spiral than it is to send up to orbit.

Trump deficits will be huge

Trump has built his companies with debt and I'm sure he thinks he can do the same with the country.

Bush Trumps Reagan

The optimism that has followed the election of Donald Trump has pushed the Dow Jones Industrial Average to the threshold of 20,000, a level that will be both a nominal record and a symbolic milestone.

The winter of discontent

As I quantified in a commentary on the subject two years ago, a bad winter can indeed put a chill into the economy, at least temporarily.

April Fools in March

It may be almost impossible to underestimate the gullibility of professional Fed watchers.

Two down – two to go

The Federal Reserve's years-long campaign to sheepishly back away from its own policy forecasts continued in earnest last week when it officially reduced the four expected 2016 quarter point hikes, suggested back in December, to just two.

Clueless in Davos

Making their annual pilgrimage to the exclusive Swiss ski sanctuary of Davos last week, the world's political and financial elite once again gathered without having had the slightest idea of what was going on in the outside world.

Feeling abandoned, Saudi Arabia ups the ante

Last week a major diplomatic crisis developed between Saudi Arabia and Iran over the Saudi execution of Nimr al Nimr, a charismatic Shiite cleric and anti-Sunni political activist.

Mission accomplished

The image of George W Bush on the flight deck comes to mind in much of the reaction to this week's decision by the Federal Reserve to raise interest rates for the first time in nearly a decade

Fed's rocket ship turns hoverboard

Over the past year, while the U.S. economy has continually missed expectations, Federal Reserve Chairwoman Janet Yellen has assured all who could stay awake during her press conferences that it was strong enough to withstand tighter monetary policy.

The shadow rate casts gloom

Since we have had the monetary wind at our back for so many years, at least a few have begun to question our ability to make economic and financial gains against actual headwinds.

QE's creeping communism

Most economists and investors readily acknowledge that the current period of central bank activism, characterized by extended bouts of quantitative easing and zero percent interest rates, is a newly-blazed trail in economic history.

Failure to launch

A deep bench of excuses, ranging from the weather to the Chinese economy, has been called on to justify why the US economy hasn't built up any noticeable steam, and why the Fed has failed to move rates off zero

Meet QT; QE's evil twin

There is a growing sense across the financial spectrum that the world is about to turn some type of economic page.

The Fed is spooking the markets not China

Fasten your seat belts, this ride is getting interesting.

What kind of "improvement" does the Fed want?

Over the past few years observing changes in Federal Reserve interest rate policy has been a little like watching paint dry or grass grow...only not as exciting.

The euro isn't dead

While the world can count dozens of important currencies, when it comes to top line financial and investment discussions, the currency marketplace really comes down to a one-on-one cage match between the two top contenders: the U.S. Dollar and the Euro.

The nuclear deal is mostly about oil

The recent nuclear non-proliferation agreement between Iran and the U.S. has created a firestorm debate in the Middle East and both sides of the Atlantic.

Currencies depend on faith, gold doesn't

Ironically, in a world awash in fiat currencies that are created at an ever increasing pace, and whose value is solely derived from faith in the issuing state, gold is the only form of money whose value does not require a leap of faith.

How socialism destroyed Puerto Rico, and how capitalism can save it

As in Greece, the Puerto Rican economy has been destroyed by its participation in an unrealistic monetary system that it does not control and the failure of domestic politicians to confront their own insolvency.