{"id":49838,"date":"2019-11-27T21:04:07","date_gmt":"2019-11-28T02:04:07","guid":{"rendered":"https:\/\/olduvai.ca\/?p=49838"},"modified":"2019-11-27T21:04:13","modified_gmt":"2019-11-28T02:04:13","slug":"peter-schiff-if-they-were-smart-they-wouldnt-be-in-the-stock-market","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=49838","title":{"rendered":"Peter Schiff: If They Were Smart, They Wouldn\u2019t Be in the Stock Market"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/schiffgold.com\/peters-podcast\/peter-schiff-if-they-were-smart-they-wouldnt-be-in-the-stock-market\/\">Peter Schiff: If They Were Smart, They Wouldn\u2019t Be in the Stock Market<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2016\/09\/stock_crash.jpg\"><img decoding=\"async\" src=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2016\/09\/stock_crash.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Peter Schiff hit a number of subjects in his most recent podcast, including bitcoin, the stock market, wealth inequality, the Fed and the voting age. He also said we should be thankful for capitalism.<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/DohiyDBpHQg\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Stock markets hit record highs again this week. Some of it was due to more optimism about a trade deal. Peter said he underestimated the impact of&nbsp;<a href=\"https:\/\/schiffgold.com\/key-gold-news\/fed-set-to-launch-massive-bond-buying-program-in-other-words-qe\/\">QE4<\/a>on the markets.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>I mean, I knew QE4 was coming. I was 100% sure of that. I knew the Fed was going to cut rates, and they\u2019ve been doing that. I just kind of underestimated how much upward pressure it was going to put on the US stock market. I actually thought that the dollar would be falling as a result of the Fed surprising everybody by doing exactly what I expected, which was cutting rates and going back to QE. Well, they did exactly what I expected, except the dollar hasn\u2019t gone down. But I just think I want to add \u2018yet.\u2019 The dollar hasn\u2019t gone down&nbsp; \u2013 yet. Because it is going to go down and when it falls, it\u2019s going to drop like a stone. And I don\u2019t think that\u2019s going to be a positive for the US stock market or the US bond market, and we\u2019re going to see a much bigger move up in the price of gold.<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Peter said a lot of people who are making money in the US stock market think they\u2019re smart, but they\u2019re not.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>If they were smart, they wouldn\u2019t be in the stock market. Or if they\u2019re in it, they\u2019re simply in it as a momentum trader that say, look, I know this is BS, but hey, they\u2019re a bunch of idiots buying stocks, so I\u2019m going to buy stocks now so I can sell to these idiots, and I\u2019m going to get out the door before they realize the market has turned.\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff: If They Were Smart, They Wouldn\u2019t Be in the Stock Market Peter Schiff hit a number of subjects in his most recent podcast, including bitcoin, the stock market, wealth inequality, the Fed and the voting age. He also said we should be thankful for capitalism. Stock markets hit record highs again this week. [&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":[303,431,963],"class_list":["post-49838","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-interest-rates","tag-peter-schiff"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49838","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=49838"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49838\/revisions"}],"predecessor-version":[{"id":49839,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49838\/revisions\/49839"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}