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Peter Schiff
@peterschiff
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The NASDAQ 5,000 party ended nearly the day it began NASDAQ down more than 80 points Dow Jones down 332 points Outside reversal week a reliable pattern signaling a downturn The market believes optimistic non-farm payrolls will trigger Fed rate ...
February Non-Farm Payrolls Number - 295,000 jobs Unemployment down 5.5% Analysts were expecting a miss Dollar at a new high Productivity dropped 2.2% Factory orders fell for the 6th consecutive month
Poland became the 21st country to lower interest rates this year New record low to 1.5% Polish economy is strongest in three years Growing faster than the U.S. economy Policy conundrum: what is inflation target?
First trading day of march - NASDAQ closed above 5000 for the first time in 15 years Each time the market goes up with crazy valuations, pundits say, "This time it's different." This time the Fed is under more pressure to create the illusion of pro...
Government released revised estimate for Q4 GDP Initial estimate was 2.6; revised down to 2.2 Economic growth dipped from 5% in Q3 to 2.18% in Q4 PMI was expecting 58.7 but plunged to 45.8, indicating contraction
Janet Yellen's prepared remarks were the most dovish yet If economy is improving, why do we still need "a high degree of accommodation?" There is still room for "substantial improvement in the labor market"
Patricia Arquette claims that there is a still an unfair gender wage gap in the labor market If that were true, all employers - male and female - would hire women first, because they are more cost effective employees But they don't
Two days of bad economic news this shortened week The Fed still says the economy is recovering Recent FOMC minutes maintains pretense they can raise interest rates FOMC members are worried about raising rates "too soon"
Friday 13th was not unlucky for Wall Street S&P 500 traded to an all-time record high The Dow closed above 18,000 NASDAQ at almost a 15-year high Despite overall trend of weak corporate earnings Weak economic data does not dampen Wall Street'...
