Stock Market Update

Read the latest stock market updates from Peter Schiff: It's Not A Normal Bull Market Correction and My Feeling About The Stock Market Was Confirmed

Investing: Korea Is Going To Be The Most Exciting Country In The World

Korea is going to be the most exciting country in the world for 10 or 20 years once North Korea is open and they unite. It's going to be very exciting for many reasons.

You know as recently as 1970 North Korea was richer than South Korea. Communism ruins everything and so it ruined North Korea which means that North Korea is extremely cheap with lots of educated, disciplined and cheap labor plus lots of natural resources, standing right on the Chinese border. Combine that with lots of capital in the south, lots of know-how in the south. iIt's going to be very exciting. The Japanese are against it because Japan knows they cannot compete with an open Korea and they're doing.

Podcast: Jim Rogers On Follow The Money Radio

Latest podcast with Jerry Robinson (Follow the Money Radio)
October 2018

Topics discussed:

Jim Rogers views on the US Economy, the trade war with China and business in general.

There's No Such Thing As Winning A Trade War

There's no such thing as winning a trade war. Do you see what's happening with NAFTA right now? Mr. Trump is shouting from the rooftops that he's won but you look at the results it means that the price of cars are gonna go up a lot for American citizens. I'm not sure how that's good for America. Maybe it's good for a few automobile workers but it's not good for most Americans.

The Problems With The US Economy

Someone has to cut spending with a with an axe, not not with an axe with a chainsaw! Someone has to cut taxes, we have a gigantic litigation problem in the US... 

We spend two or three or four times as much on health care as any other nation in the world and yet we're not even in the top 25 for life expectancy. We spend huge amounts of money on education and yet we are even in the top 25 for education results... 

I mean I could go on and on and on. One of the reasons we have this huge balance of trade deficit is because the high cost of health care and litigation. It cuts our competitiveness a great deal.

Stock Market: Underneath There Are Problems Developing

Staggering amounts of debt are being created even more than in the past and who would have thought it possible that we could build up even more debt than before but we are. And it's going into markets but as you probably know not all stocks are going up.

In fact, a great number of stocks are going down and other countries in the world are not participating like we are in the US stock market. So, underneath there are more problems developing.

Peter Schiff: The Carnage on Wall Street Has Already Begun

October is just one week old and the carnage on Wall Street has already begun I wonder if the October complacency is starting to be shaken a bit with the down move that we see. The catalyst is rising interest rates which of course the markets have been ignoring.