The Latest Breaking News from Peter Schiff

Economist Peter Schiff challenged former President Donald Trump's claim that Federal Reserve Chair Jerome Powell is hurting the housing market by delaying rate cuts, arguing the opposite effect is more likely.

Economist Peter Schiff is warning that President Donald Trump’s plans for a unified listing of the Federal National Mortgage Association (OTC:FNMA) or Fannie Mae and Federal Home Loan Mortgage Corp. (OTC:FMCC) or Freddie Mac could create economic risks far greater than those that led to the 2008 Financial Crisis.

The U.S. government’s fiscal deficit ballooned to $291 billion in July, a nearly 20% jump from the previous year, triggering sharp criticism from prominent economic and political commentators.

Mark Cuban and Kevin O’Leary have weighed in on President Donald Trump’s controversial deal with Nvidia Corporation (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (NASDAQ:AMD), with Cuban praising it as a progressive move and O’Leary calling it corporate “blackmail.”

Economist Peter Schiff is sounding the alarm on a potential merger of mortgage finance giants, the Federal National Mortgage Association (OTC:FNMA) or Fannie Mae, and the Federal Home Loan Mortgage Corp (OTC:FMCC), popularly known as Freddie Mac.

Economist Peter Schiff and capital markets commentator The Kobeissi Letter have sharply criticized Nvidia Corp.'s (NASDAQ:NVDA) and Advanced Micro Devices, Inc.'s (NASDAQ:AMD) agreement to pay 15% of their China chip revenues to the U.S. government, calling it a “federal shakedown.”

The United States has imposed tariffs on Swiss gold imports, a move that could significantly disrupt the global bullion market.

President Donald Trump signed executive orders on Thursday allowing cryptocurrency investments in 401(k) retirement plans, potentially opening $40 trillion in retirement savings to digital assets like Bitcoin (CRYPTO: BTC).

Economist Peter Schiff warned Tuesday that President Donald Trump's decision to double tariffs on Indian imports to 50% could "expose the U.S. consumer as a paper tiger," predicting a dollar crash that would "impoverish Americans but enrich foreign consumers, particularly the BRICs."