The Peter Schiff Show Podcast

* Dow down 600 points in between Tuesday high and Wednesday low

* Stock market and real estate are pillars of the phony recovery

* Loose government lending standards encouraging mortgage defaults

* Dollar down and gold up on low retail sales numbers

* Fed not likely to sit out a U.S. recession, trading support for Wall Street over the dollar

* The next QE could be bearish for bonds and the dollar

* Demise of the recovery illusion will also hurt stocks

* Bitcoins down on more bad news

* Price does matter as investors seek value

* Irredeemable digital currencies will never be money


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Dow down 600 points in between Tuesday high and Wednesday low

Stock market and real estate are pillars of the phony recovery

Loose government lending standards encouraging mortgage defaults

Dollar down and gold up on low retail sales numbers

Fed not likely to sit out a U.S. recession, trading support for Wall Street over the dollar

The next QE could be bearish for bonds and the dollar

Demise of the recovery illusion will also hurt stocks

Bitcoins down on more bad news

Price does matter as investors seek value

Irredeemable digital currencies will never be money

The Swiss people have given up the inflation ghost to win the currency war

Media reports negative on the news: "silly decision"

Oil down against the Swiss Franc

Swiss stocks up in U.S. dollars

Wall Street expects Eurozone QE, but without Swiss, QE might be less likely

Gold up against other currencies

Franc surging in value against the dollar

This move may signal economic reform

Unfortunately Janet Yellen is not going to get this memo

Volatility from Swiss move is nothing compared to consequences of a U.S. QE 4

This move is bearish for the U.S. market

Buckle up, it's going to be a bumpy ride

* December jobs report up; unemployment down

* Average hourly earnings dropped

* Labor force participation hits new low, except for older Americans

* Fewer young workers supporting the Social Security system

* Most credit comprised of student loans and auto loans

* Auto delinquencies highest since 2008, indicating a bubble

* Obama's plan to make community college free will further inflate costs

* Charles Evans calls for more inflation before raising interest rates

* Denies relationship between cheap money and bubbles

* The term "patience" indicates no timeframe for higher rates

* Gold stocks very strong and gold prices continue to rise in face of rising dollar

Our Sponsors:
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December jobs report up; unemployment down

Average hourly earnings dropped

Labor force participation hits new low, except for older Americans

Fewer young workers supporting the Social Security system

Most credit comprised of student loans and auto loans

Auto delinquencies highest since 2008, indicating a bubble

Obama's plan to make community college free will further inflate costs

Charles Evans calls for more inflation before raising interest rates

Denies relationship between cheap money and bubbles

The term "patience" indicates no timeframe for higher rates

Gold stocks very strong and gold prices continue to rise in face of rising dollar

* World markets left the gates weak on first full trading week of the year

* Catalysts: Declining oil prices and Greece's potential Eurozone exit

* The Euro has gone sideways against the dollar for 9 years

* The U.S. stock market will decline until the market believes rate hikes are off the table

* U.S. will not experience accelerating growth in 2015

* Evidence shows the home market is not strengthening

* Young entrepreneurship at a 20-year low

* Falling oil prices are a symptom economy is not expanding


Our Sponsors:
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World markets left the gates weak on first full trading week of the year

Catalysts: Declining oil prices and Greece's potential Eurozone exit

The Euro has gone sideways against the dollar for 9 years

The U.S. stock market will decline until the market believes rate hikes are off the table

U.S. will not experience accelerating growth in 2015

Evidence shows the home market is not strengthening

Young entrepreneurship at a 20-year low

Falling oil prices are a symptom economy is not expanding

* Falling unemployment trends seem to be over

* PMI "unexpectedly" drops to 53.9%

* Construction spending "unexpectedly" fell .3%

* December ISM fell to 55.5

* Draghi's comments at ECB sparked U.S. Dollar rally despite weak data

* Eurozone QE not likely

* 2014 was a flat year for gold, despite bad press

* Dollar price based on higher interest rate expectations

* Price of gold has tripled since 2005

* Gold mining costs rise with inflation

* The real bubble is the confidence in central bankers

 

Our Sponsors:
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Falling unemployment trends seem to be over

PMI "unexpectedly" drops to 53.9%

Construction spending "unexpectedly" fell .3%

December ISM fell to 55.5

Draghi's comments at ECB sparked U.S. Dollar rally despite weak data

Eurozone QE not likely

2014 was a flat year for gold, despite bad press

Dollar price based on higher interest rate expectations

Price of gold has tripled since 2005

Gold mining costs rise with inflation

The real bubble is the confidence in central bankers

Christmas Snow job on Wall Street

* Dow ended Christmas Eve Day above 18,000 for second day

* Catalyst was bigger than expected revision to Q3 GDP to 5%

* Big disconnect between economic performance and expectations

* Consumer spending up mostly on healthcare

* Inventory increases in expectation of future sales

* Data for Q4 is lower

* Home sales continue to drop


Our Sponsors:
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