{"id":49704,"date":"2019-11-18T17:08:58","date_gmt":"2019-11-18T22:08:58","guid":{"rendered":"https:\/\/olduvai.ca\/?p=49704"},"modified":"2019-11-18T17:09:02","modified_gmt":"2019-11-18T22:09:02","slug":"peter-schiff-there-are-bubbles-everywhere-and-theyre-all-going-to-pop","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=49704","title":{"rendered":"Peter Schiff: There Are Bubbles Everywhere and They\u2019re All Going to Pop"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/schiffgold.com\/peters-podcast\/peter-schiff-there-are-bubbles-everywhere-and-theyre-all-going-to-pop\/\">Peter Schiff: There Are Bubbles Everywhere and They\u2019re All Going to Pop<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/11\/bubble-pop.jpg\"><img decoding=\"async\" src=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/11\/bubble-pop.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The Dow pushed above 28,000 on Friday. The Nasdaq also closed on a record high above 8,500, and the S&amp;P 500 made a new record high of 3,120. This despite some more gloomy economic data that came out during the day. Industrial production dropped more than expected, falling by 0.8 in October. Inventory numbers were also revised down. All of this led the Atlanta Fed to revise its Q4 GDP estimate down to 0.3.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In his most recent podcast, Peter Schiff said that it\u2019s QE and Federal Reserve policy that is driving the stock market, not a great economy. In fact, the Fed is creating all kinds of bubbles. And like all bubbles, they will eventually pop.<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/UIISKvekyqY\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Despite the weakening economy, the stock market continues to roar and Donald Trump continues to claim credit for the rising stock market and holding the stock market out as evidence of the success of his presidency.\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Ironically, a rising stock market and unemployment were the same two things Barack Obama pointed to as evidence of his success. Peter said this is really all about the Fed.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>When Obama was president, we had a rising stock market and a falling unemployment rate and basically for the same reasons we have a rising stock market and a falling unemployment rate now. The stock market was going up because of the Fed, because of artificially low interest rates and quantitative easing. Well, that\u2019s exactly why it\u2019s going up now \u2014 artificially low interest rates and quantitative easing.\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Peter said today we have one more thing driving stock markets \u2014 talk of a trade deal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff: There Are Bubbles Everywhere and They\u2019re All Going to Pop The Dow pushed above 28,000 on Friday. The Nasdaq also closed on a record high above 8,500, and the S&amp;P 500 made a new record high of 3,120. This despite some more gloomy economic data that came out during the day. Industrial production [&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":[1849,21879],"class_list":["post-49704","post","type-post","status-publish","format-standard","hentry","category-economics","tag-financial-markets","tag-schiff-gold"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49704","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=49704"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49704\/revisions"}],"predecessor-version":[{"id":49706,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49704\/revisions\/49706"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}