Peter Schiff

Posted August 16, 2014

On June 30, U.S. authorities announced a stunning $9 billion fine on French bank BNP Paribas for violations of financial sanctions laws that the United States had imposed on Iran, Sudan and Cuba. Although BNP is not technically under the jurisdiction of American regulators, the fine was one of the largest ever issued.

Posted July 27, 2014

The Fed's traditional "dual mandate" seeks to balance the need for job creation and price stability. But Yellen clearly sees jobs as her top priority. Any hope that she will put these priorities aside and move forcefully to fight inflation when it officially flares up should be abandoned.

Posted July 26, 2014

While her tenure thus far may feel like a seamless extension of the Greenspan/Bernanke era, investors should understand how much further Yellen is likely to push the stimulus envelope into unexplored territory.

Posted June 26, 2014

Recently Federal Reserve Governor Jeremy Stein commented on what has become obvious to many investors: the bond market has become too large and too illiquid, exposing the market to crisis and seizure if a large portion of investors decide to sell at the same time.

Posted June 14, 2014

Thus far 2014 has been a fertile year for really stupid economic ideas. But of all the half-baked doozies that have come down the pike, an idea hatched last week by? CNBC's reliably ridiculous Steve Liesman may in fact take the cake.

Posted June 08, 2014

It would be a stretch to say that this past winter made a greater impact on the economy than the average of the 10 snowiest winters since 1967.

Posted June 02, 2014

Piketty's primary achievement lies in conjuring a seductively simple and emotionally satisfying idea: people with money to invest (the wealthy) will always get richer, at a faster pace, than everyone else.

Posted May 25, 2014

These two months together annualize at 6.6% inflation. So already there is very little wiggle room, if any, before the Fed reaches the point where even its dovish leaders should admit that inflation is a problem.

Posted May 02, 2014

We can't ignore it anymore - the markets are rigged. The LIBOR scandal broke almost two years ago, and the banks found responsible for manipulating that key index are still dealing with lawsuits.

Posted April 30, 2014

While there is wide agreement that the cost of college education has risen far faster than the incomes of most Americans, there is some debate as to whether the quality of the product has kept pace with the price.

Posted April 03, 2014

So far, 2014 has been a paradoxical year for gold. Many investors aren't even aware that it has rallied almost 8%. On the rare occasion that the financial media mentions the yellow metal, it is only in the context of comparing the recent rise to last year's decline.

Posted March 22, 2014

The red flags contained in the national and global headlines that have come out thus far in 2014 should have spooked investors and economic forecasters. Instead the markets have barely noticed.

Posted March 20, 2014

The main problem that the Fed has been facing over the past few months is that the official unemployment rate has been drifting downward towards 6.5%, the level at which it had previously determined would trigger a shift toward monetary tightening. But the rate has been falling not because people are getting jobs.

Posted March 08, 2014

While it's easy to conclude that the Polar Vortex has been responsible for an excess of school shutdowns and ice related traffic snarls, it's much harder to conclude that the it's responsible for the economic vortex that appears to have swallowed the American economy over the past three months.

Posted March 07, 2014

As the financial crisis took hold, a flood of new and inexperienced buyers entered the market, creating an opportunity for unscrupulous metals dealers to swindle their way to massive profits.

Posted February 22, 2014

Mark Zuckerberg, the owner of Facebook, is not your typical corporate CEO. Through a combination of technological smarts, timing, luck, and questionable business ethics, he became a billionaire before most of us bought our first cars.

Posted February 13, 2014

In our current age of spin and counter-spin, there is no contortion too great for a politician to attempt. On occasion, however, the threads of one story become entangled with another in a manner that should deeply embarrass, if the media were sharp enough to catch it.

Posted February 07, 2014

Gold is the simplest of financial assets - you either own it or you don't. Yet, at the same time, gold is also among the most private of assets. Once an individual locks his or her safe, that gold effectively disappears from the market at large.

Posted January 07, 2014

Most economic observers are predicting that 2014 will be the year in which the United States finally shrugs off the persistent malaise of the Great Recession. As we embark on this sunny new chapter, we may ask what wisdom the five-year trauma has delivered.

Posted December 24, 2013

The press has framed Ben Bernanke's valedictory press conference last week in heroic terms. It's as if a veteran quarterback engineered a stunning come-from-behind drive in his final game, and graciously bowed out of the game with the ball sitting on the opponent's one-yard line.