{"id":40276,"date":"2018-11-08T09:29:45","date_gmt":"2018-11-08T14:29:45","guid":{"rendered":"http:\/\/olduvai.ca\/?p=40276"},"modified":"2018-11-08T09:29:45","modified_gmt":"2018-11-08T14:29:45","slug":"peter-schiff-the-truth-is-we-dont-have-a-booming-economy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=40276","title":{"rendered":"Peter Schiff: &#8220;The Truth Is We Don&#8217;t Have A Booming Economy&#8221;"},"content":{"rendered":"<div id=\"block-zerohedge-page-title\" class=\"block block-core block-page-title-block\">\n<h3 class=\"page-title\"><a href=\"https:\/\/www.zerohedge.com\/news\/2018-11-08\/peter-schiff-truth-we-dont-have-booming-economy\"><span class=\"field field--name-title field--type-string field--label-hidden\">Peter Schiff: &#8220;The Truth Is We Don&#8217;t Have A Booming Economy&#8221;<\/span><\/a><\/h3>\n<\/div>\n<div id=\"block-zerohedge-content\" class=\"block block-system block-system-main-block\">\n<article class=\"node node--type-article node--view-mode-full\" role=\"article\" data-gtm-vis-recent-on-screen-2077925_22=\"1071\" data-gtm-vis-first-on-screen-2077925_22=\"1071\" data-gtm-vis-total-visible-time-2077925_22=\"100\" data-gtm-vis-has-fired-2077925_22=\"1\">\n<footer class=\"node__meta\">\n<div class=\"submission-wrapper\"><\/div>\n<\/footer>\n<div class=\"node__content\">\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Peter Schiff doesn\u2019t mince words when he declared the precarious\u00a0state the United States economy has found itself in. <a href=\"http:\/\/www.shtfplan.com\/headline-news\/peter-schiff-the-truth-is-we-dont-have-a-booming-economy_11072018\">As SHTFplan.com&#8217;s Mac Slavo notes<\/a>,<strong> Schiff says \u201cthe truth is we don\u2019t have a booming economy,\u201d and he\u2019s not the only one who has noticed.<\/strong><\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/peterschiff-e1512576542536%20%281%29_0.jpg?itok=fCeoyvR-\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/peterschiff-e1512576542536%20%281%29_0.jpg?itok=fCeoyvR-\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/peterschiff-e1512576542536%20%281%29_0.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/peterschiff-e1512576542536%20%281%29_0.jpg?itok=fCeoyvR- 1x\" alt=\"\" width=\"500\" height=\"302\" data-entity-type=\"file\" data-entity-uuid=\"7311fe1c-8f1b-4687-a035-d8c6795a6d6d\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>October was the worst month for global equities in more than six years.\u00a0<a href=\"http:\/\/www.shtfplan.com\/headline-news\/global-bloodbath-world-stocks-puke-over-8-trillion-as-us-markets-collapse_10262018\">Globally, stock markets lost 7.5%<\/a>, their worst month since May 2012. Even with the late rally, it was the biggest monthly decline in the Nasdaq since 2008.<\/p>\n<blockquote><p>\u201cAll of the bulls were out in force on the financial networks claiming that the correction is over. Everybody was confident that the lows are in, that the big back-to-back rally is proof and you better buy now, otherwise you\u2019re going to miss the rally, and this is the typical correction and now it has run its course. And you know what? If this really was the end of the correction, most likely there wouldn\u2019t be so many people that were so confident that it\u2019s over. You\u2019d have a lot more fear, especially on Halloween. <strong>The fact that there is no fear, to me, shows that it\u2019s more likely that this is not the end of the correction, but the beginning of the bear market and that this rally is a correction<\/strong>.\u201d \u2013<a href=\"https:\/\/seekingalpha.com\/article\/4217490-peter-schiff-truth-booming-economy-bubble\">Peter Schiff via\u00a0<em>Seeking Alpha<\/em><\/a><\/p><\/blockquote>\n<div class=\"max-width-video-wrapper\">\n<div class=\"fluid-width-video-wrapper\"><iframe id=\"fitvid164156\" src=\"https:\/\/www.youtube.com\/embed\/p8Ed68xcGB4\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<p>Schiff is well-known for predicting the 2008 financial crisis, but that becomes slightly more real when hearing him say that the job market if a gigantic bubble. <strong>Schiff says that jobs are just one more bubble that\u2019s about to burst.<\/strong><\/p>\n<div class=\"max-width-video-wrapper\">\n<div class=\"fluid-width-video-wrapper\"><iframe id=\"fitvid671808\" src=\"https:\/\/www.youtube.com\/embed\/GZaEo2PiY8k\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<blockquote><p>Two hundred thousand jobs a month in an economy the size of ours, especially given how few people, or what a large percentage of the workforce is not working, we should be creating a lot more than 200,000 jobs per month. But we\u2019re not.\u201d<\/p><\/blockquote>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff: &#8220;The Truth Is We Don&#8217;t Have A Booming Economy&#8221; Peter Schiff doesn\u2019t mince words when he declared the precarious\u00a0state the United States economy has found itself in. As SHTFplan.com&#8217;s Mac Slavo notes, Schiff says \u201cthe truth is we don\u2019t have a booming economy,\u201d and he\u2019s not the only one who has noticed. October [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[22545,963,827,4318],"class_list":["post-40276","post","type-post","status-publish","format-standard","hentry","category-economics","tag-global-equities","tag-peter-schiff","tag-united-states","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40276"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40276\/revisions"}],"predecessor-version":[{"id":40277,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40276\/revisions\/40277"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}