The Fed has been successful in fooling the markets regarding the temporary nature of zero-percent interest rates, the efficacy of QE, and its ability to normalize rates and shrink its balance sheet.
Peter Schiff
Best Selling author Peter Schiff is the Chief Global Strategist of Euro Pacific Capital, a division of A.G.P. / Alliance Global Partners, a Registered Investment Advisor and a full-service broker/dealer. His podcasts are available on The Peter Schiff Channel on Youtube.
Laffer Gets Laughable
While the willingness to abandon long held beliefs for political gain has always been a common trait among public figures, the spectacle has recently taken on shocking levels of casual audacity. The contempt for even minimal levels of intellectual consistency has...
Trump Puts The Nail In The Tea Party Coffin
The Trump sanctioned agreement to suspend the debt ceiling and push annual deficits even further above the trillion dollar mark may only succeed in destroying the Republican Party as we know it.
Laffer Gets Laughable
If we can’t kill it entirely, we should be thinking about ways to make the Fed less political, not more.
Trump’s China Blunder
By mistaking the real nature of international trade, the costs of tariffs, the effects of currency movements, and the supposed ease with which the United States could quickly re-establish itself as a low-cost manufacturer, Trump risks shredding the safety nets that have undergirded the U.S. economy for decades and plunging us into a war we are ill-equipped to fight.
The Hawks Surrender
The biggest danger facing the American economy is not financial or monetary, but political. If we are currently entering a recession that proves to be even more severe than the last, which I believe we are, Donald Trump and the Republican Party will take the blame.
The Trump Branded Economy
We have entered an age where substance has not only taken a back seat to style, but has been left completely on the side of the road
A Trade War Won’t Be Good For the Dollar
A trade war may also finally prompt China to do the smart thing and dump its trillion-plus holdings of U.S.
Trump “Victories” on Trade are Anything But
Elimination of the trade deficit will be a hollow victory if it results in a significant reduction in living standards.
The Trump Tariff is Really a Gigantic Tax on American Consumers
A tariff is essentially a tax that will be paid by domestic consumers.
Trump Plays with Fire on Trade
With his announcement last week of broad tariffs on imported steel and aluminum, President Trump launched what could be the first salvo of an all-out global trade war. Seemingly itching for a fight, he gleefully tweeted that “Trade wars are good, and easy to win.” It...
Raising Rates Reflect Bigger Debt Not Faster Growth
While investors are justifiably focused on what may be the opening crescendo of a long overdue sell-off in stocks, there is not, as of yet, as feverish a discussion of the parallel sell-offs in bonds and the U.S. dollar, which have been underway for at least a year...
Fake Tax Reform
After supposedly chomping on the bit for years to pass meaningful tax reform, Republicans are now set to blow an historic opportunity. Whatever version of the Bill that emerges from the House and Senate Conference Committee (which will be signed by President Trump...
Calm Before The Storm
In light of the 30-year anniversary of the Black Monday Crash in 1987 (when the Dow lost more than 20% in "one day", we should be reminded that investor anxiety usually increases when markets get to extremes. If stock prices fall steeply, people fret about money lost,...
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. Although the outcome was always a foregone conclusion (the ceiling would be raised), the excitement came when fiscal...
Damn the Deficits, Huge Tax Cuts Ahead!
Donald Trump has made good on one of his most audacious campaign promises by submitting what he describes as the biggest tax cut in U.S. History. For once, at least, this does not appear to be Trumpian braggadocio. It really may be the mother of all tax cuts. But if...
Republicans Craft the Next Great Healthcare Failure
Those who claim that the Senate Republican proposal to replace Obamacare will kick millions of people out from health insurance coverage are dead wrong. Yes, it will cause the number of insured people to decline, but that will happen because millions of healthy...
Tax Cuts and Big Government Spending: An Analysis of Trump’s Plan
Unlike most prior tax cuts, the Trump version does not even make any attempt to balance the cuts with corresponding cuts in government spending.
Trumpcare Suffers From The Same Problems as Obamacare
The effect of this law, were it actually enacted, would be the death of the health insurance industry.
Trumpcare: Different Plan, Same Problems
With his widely followed, and positively reviewed, address to Congress last week, President Trump showed how easy it could be to unite Washington around a big-budget centrist agenda on health care, immigration, taxes, infrastructure and the military. But the continued...
Trumpcare: An Obamacare Wolf in Sheeply Republican Clothing
The effect of this law, were it actually enacted, would be the death of the health insurance industry.
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