In an interview with GoldSeek on April 14, outspoken economist Peter Schiff issued a dire warning to investors.
According to Schiff, a new housing bubble, an overvalued stock market, and President Trump‘s proposed stimulus plan will send the U.S. into extreme panic at some point in the near future.
In fact, Schiff thinks these catalysts will combine to cause an “inflationary maelstrom” that will “wipe out entire generations of retirees” who have their nest eggs invested in the market.
Let’s take a look… Continue reading
The Dow has soared 13% since Election Day, and just last week (Feb. 10), all three major indexes closed at all-time highs. The “Trump Rally” has been great for stocks, but some observers are starting to wonder if soaring highs mean a stock market crash is coming.
No one can predict a stock market crash with 100% certainty. But we want our readers to be as informed as possible about what could happen in the market.
That’s why we’re looking into historic stock market crashes to identify warning signs that can be used now. Continue reading
COMMENT: Hi Marty,
I must say your analysis of the dow for the last six months is simply mind blowing.
Everything you said has been accurate. You are right that most will not get what your saying because they are stuck in a linear world – not a dynamic world.
You did say markets would churn into May. You were SPOT on. I guess what throws most is when you say we could get a high in May/June or September. They can’t process the dynamism. They guys would be good candidates for government work where they can just try control everything.
Indeed I am looking forward to the biggest “mind twisting” trade of the century, as you say. It is looking at this stage like a May/June high – everything is truly connected. You have opened my eyes forever.
REPLY: It is so hard for many to understand how everything is connected and to separate me from the computer. The vast majority who disagree always make this personal rather than the analysis. The churning of the Dow until May was connected to the dollar rise and the collapse of the Euro on just one level. If you would normally see a decline that everyone was calling for in the US market, they missed the currency play which would provide steady support for the Dow. Continue reading
Stock markets opened lower on the first day of trading of 2015, and the credit markets that forewarned the 2007 crash are showing signs of strain
The FTSE 100 slid on the first day of trading in 2015. Here are 10 warning signs that the markets may drop further
Vix fear gauge
For five years, investor fear of risk has been drugged into somnolence by repeated injections of quantitative easing. The lack of fear has led to a world where price and risk have become estranged. As credit conditions are tightened in the US and China, the law of unintended consequences will hold sway in 2015 as investors wake up. The Vix, the so-called “fear index” that measures volatility, spiked to 18.4 on Friday, above the average of 14.5 recorded last year. Continue reading
Mysterious forces were trying their best, but they couldn’t keep the stock market from swooning Wednesday.
They failed in the morning, despite massive purchases of stock index futures contracts. Within minutes of the market’s opening, the Dow Jones industrial average was down 350 points. Later in the day — after a lot of shocking ebb and flow — the Dow bottomed out with a decline of 460 points.
It was only in the last hour of trading that the market saviors managed to trim the Dow loss to just 173 points. And they succeeded only after Janet Yellen’s private, upbeat remarks about the economy were leaked.
Welcome to a new kind of stock market — one that the average investor should refuse to be invested in. Continue reading
“Absolutely awful” factory figures as new orders suffer worst slump since 1980 recession
Factory orders in the US suffered their steepest fall for 33 years in January and also slowed further in China, raising fresh concerns about the strength of the world’s two biggest economies.
The shock figures set off a renewed flight to safety in New York, where yields on US 10-year Treasuries fell to a three-month low of 2.60pc. The Dow Jones index tumbled 326 points, breaking through crucial technical support levels. Continue reading
Essentially, what we have is an overvalued market where investors have seen a prolonged period of rises and have jumped to the conclusion that the markets are all good again. However, they’re missing the critical fact that it’s all built on hot air. The best examples, like the article pointed out are Facebook, Pintrest and Twitter… all of which have never seen a profit, yet are suppoed to be worth millions and billions (Facebook). It’s a fool’s rush to the top of the financial mountain to see who the biggest idiot is before it all implodes in a financial crash likely worse than 2008’s, or possibly the worst in U.S. history.
One of the men that won the Nobel Prize for economics this year says that “bubbles look like this” and that he is “most worried about the boom in the U.S. stock market.” But you don’t have to be a Nobel Prize winner to see what is happening. It should be glaringly apparent to anyone with half a brain. The financial markets have been soaring while the overall economy has been stagnating. Reckless injections of liquidity into the financial system by the Federal Reserve have pumped up stock prices to ridiculous extremes, and people are becoming concerned. In fact, Google searches for the term “stock bubble” are now at the highest level that we have seen since November 2007. Despite assurances from the mainstream media and the Federal Reserve that everything is just fine, many Americans are beginning to realize that we have seen this movie before. We saw it during the dotcom bubble, and we saw it during the lead up to the horrible financial crisis of 2008. So precisely when will the bubble burst this time? Nobody knows for sure, but without a doubt this irrational financial bubble will burst at some point. Remember, a bubble is always the biggest right before it bursts, and the following are 15 signs that we are near the peak of an absolutely massive stock market bubble… Continue reading
Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.
Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. Continue reading
Today your average American would never believe it. For one, the public is only being spoon-fed the news that the media declares as news — not what the true salient issues of today are. Two, because of being dished this ‘news’ for such a long period of time, anything like this article is likely to be dismissed as a wacko conspiracy theory. Three, today’s culture cares more about whether the Lakers won (then riot if not) and if they can keep up with the Kardashians. As long as people can have the latest iPhone and continue as a shopping mall regime, everything is just dandy. When the big economic hit comes, reality will slap 99.9% of the unprepared/unaware public in the face and create a crisis of existence for America as we know it. Collapse is a foregone conclusion, there is no coming back. How America will cope is the bigger question. The tone may have a negative ring to it, and it’s wished to be wrong, but it is what it is.
American businessman and former third-party presidential candidate Ross Perot is refusing to endorse either Mitt Romney or Barack Obama in this year’s election battle, saying that neither candidate has a viable debt reduction plan.
“We’re on the edge of the cliff, and we have got to start fixing it now. Otherwise, we’re leaving a disaster to our children’s and our grandchildren’s future,” Perot said in an interview last week with USA Today’s Richard Wolf.
The national debt has quadrupled in the 20 years since Perot first started sounding his warning about government spending. Now that the national debt has exceeded the gross domestic product, the government has to print more and more money as overseas investors become less and less willing to lend more.
Perot is now warning that without substantive economic fixes of a magnitude far greater than those being espoused by either presidential candidate, the United States could even lose its sovereignty. Continue reading