Peter Schiff

2011-01-27T16:03:38Z

72.189.213.73: /* Predictions */

'''Peter David Schiff''' (born March 23, 1963) is an American businessman, [[author]], financial [[Pundit (expert)|commentator]], and a former 2010 Republican primary candidate for the [[United States Senate]].<ref name=announce>{{Cite news| last = Eddlem | first = Thomas R. | title = Peter Schiff Announces Conn. Senate Candidacy | newspaper = [[The New American]] | date = September 17, 2009
| url = http://www.thenewamerican.com/index.php/usnews/politics/1908-peter-schiff-announces-conn-senate-candidacy | archiveurl = | archivedate = | accessdate = 2010-04-10 | postscript = }}
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Schiff is president and chief global strategist of Euro Pacific Capital Inc., a [[broker-dealer]] based in Westport, Connecticut.<ref name=official>[http://www.europac.net/members/peter_schiff Peter Schiff], [http://www.europac.net/ Euro Pacific Capital Inc.] . Retrieved 2010-11-03.</ref> Schiff frequently appears as a guest on CNBC, Fox News, and Bloomberg Television and is often quoted in major financial publications<ref>
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|url=http://www.europac.net/members/peter_schiff
|title=Peter Schiff | Euro Pacific Capital
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{{Cite web
|url=http://www.financialsense.com/Experts/2007/Schiff.html
|title=Financial Sense Newshour's Ask The Expert: Peter D. Schiff 03.10.2007
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|accessdate=2009-03-04
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|url=http://www.financialsense.com/fsu/editorials/schiff/archive.html
|title=Peter Schiff - FSU Editorial Archives
|publisher=www.financialsense.com
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</ref> as well as the former host of the [[podcast]] ''Wall Street Unspun''<ref>[http://www.podfeed.net/podcast/Wall+Street+Unspun+with+Peter+Schiff/15592 Podfeed.net: Wall Street Unspun with Peter Schiff]</ref> and the current host of the radio show ''The Peter Schiff Show''.

He is known for his bearish views on the dollar and dollar denominated assets, while bullish on investment in tangible assets, as well as foreign stocks and currencies.

==Predictions==
Schiff's notoriety for financial predictions increased when a [[You Tube]] video entitled "Peter Schiff was right" became popular in late 2008 and 2009.<ref name=yahoopredict>{{Cite news| last = Task | first = Aaron | title = 'Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees More Pain Ahead | newspaper = [[Yahoo! Finance]] | date = November 24, 2008 | url = http://finance.yahoo.com/tech-ticker/article/134633/%27Crisis-Only-Just-Beginning%27-Right-About-the-Crash-Peter-Schiff-Sees-More-Pain-Ahead?tickers=^dji,^gspc,^ixic,SPY,DIA,QQQQ,GLD | archiveurl = http://www.webcitation.org/5oz7OHfZ0 | archivedate = 2010-04-14 | accessdate = 2010-04-14 | postscript = }}</ref><ref name=newyorkmag>{{Cite news| last = Pressler | first = Jessica | title = Financial Pundit Peter Schiff Launches Senate Run | newspaper = [[New York Magazine]] | date = September 17, 2009 | url = http://nymag.com/daily/intel/2009/09/doomsdaying_economist_peter_sc.html | archiveurl = | archivedate = | accessdate = 2010-04-16 | postscript = }}</ref> The video consists of a compilation of clips of his many appearances on various financial news programs from networks including [[CNBC]], [[Fox News]], [[MSNBC]] and [[Bloomberg Television|Bloomberg]], most of which took place from 2005 to 2007. In the segments Schiff explains specifically the fundamental problems he saw with the United States economy at that time. Schiff's warnings of a coming [[economic collapse]] earned him the moniker "Dr. Doom."<ref name=okeefecnn>{{Cite news| last = O'Keefe | first = Brian | title = Peter Schiff: Oh, he saw it coming | newspaper = [[Fortune (magazine)|Fortune]] | date = January 23, 2009 | url = http://money.cnn.com/2009/01/20/magazines/fortune/okeefe_schiff.fortune/index.htm | archiveurl = http://www.webcitation.org/5oz96pIPX | archivedate = 2010-04-14 | accessdate = 2010-04-14 | postscript = }}</ref><ref name=schiffwasright2/>

In late 2006, Schiff predicted the [[United States housing bubble|housing bubble]] and resulting [[subprime mortgage crisis]],<ref name=mortgagespeech>{{cite video |people = Peter Schiff |date = November 13, 2006 |title = Peter Schiff Mortgage Bankers Speech |url = http://www.youtube.com/watch?v=6G3Qefbt0n4&feature=PlayList&p=A85717715D812690&playnext_from=PL&index=0 |format = Flash |medium = Recorded live lecture
|publisher = Western Regional Mortgage Bankers Association |location = [[Las Vegas metropolitan area|Las Vegas]] |accessdate = 2010-04-14}}</ref> and in late 2008, he predicted the [[Automotive industry crisis of 2008–2010|automotive industry crisis]] and the crisis in the banking and financial markets.<ref name=schiffwasright2>{{cite video
|people = Peter Schiff |date = February 20, 2009 |title = Peter Schiff was right 2006-2007 - CNBC edition |url = http://www.youtube.com/watch?v=Z0YTY5TWtmU |format = Flash |medium = Television production (clip compilation) |accessdate = 2010-04-14}}</ref><ref name=schiffwasright1>{{cite video |people = Peter Schiff |date = November 2, 2008
|title = Peter Schiff Was Right 2006 - 2007 (2nd Edition) |url = http://www.youtube.com/watch?v=2I0QN-FYkpw |format = Flash |medium = Television production (clip compilation) |accessdate = 2010-04-14}}</ref><ref name=predictbio>{{Cite news| last = Folkenflik | first = David | title = The Man Who Predicted The Economic Meltdown | publisher = [[National Public Radio]] | date = December 4, 2008 | url = http://www.npr.org/templates/story/story.php?storyId=97801606 | accessdate = 2010-04-14}}</ref>
Schiff does weekly video blogs on youtube which are closely followed by over 30,000 subscribers. His videos can usually receive 45,000 views within a week's time. He hosted a weekly radio show, ''Wall Street Unspun'', that was streamed on the web for more than five years. In October 2010, he replaced it with a daily two hour radio show called ''The Peter Schiff Show'', which is broadcast online and at a couple of Connecticut radio stations. He eventually plans to syndicate the show nationwide.

==Books==
Peter Schiff is the author of four books published by John Wiley and Sons. His book, ''Crash Proof 2.0'', appeared on both the ''New York Times'' and ''Wall Street Journals'' bestseller lists.

* ''Crash Proof: How to Profit from the Coming Economic Collapse'', February 2007, ISBN 978-0-470-04360-8 [http://www.peterschiffonline.com/books 1]
* ''The Little Book of Bull Moves in Bear Markets: How to Keep your Portfolio Up When the Market is Down'', 2008, ISBN 978-0-470-38378-0 [http://www.peterschiffonline.com/books 2]
* ''Crash Proof 2.0: How to Profit From the Economic Collapse, 2nd Edition'', September 2009, ISBN 978-0-470-47453-2 [http://www.peterschiffonline.com/books 3]
* ''How an Economy Grows and Why It Crashes'', 2010, ISBN 978-0-470-52670-5 [http://www.wiley.com/WileyCDA/WileyTitle/productCd-047052670X,descCd-authorInfo.html 4]

==References==
{{Reflist}}

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The Austrian Economics Wiki - User contributions [en]

Peter Schiff