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Peter David Schiff (born March 23, 1963) is an American businessman, author, financial commentator, and a former 2010 Republican primary candidate for the United States Senate. He and his brother Andrew Schiff are the sons of Irwin Schiff, a notable tax protester serving a prison sentence for his convictions.
Schiff is president and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut. Schiff frequently appears as a guest on CNBC, Fox News, and Bloomberg Television and is often quoted in major financial publications as well as the former host of the podcast Wall Street Unspun 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.
Schiff's notoriety for financial predictions increased when a You tube video entitled "Peter Schiff was right" became popular in late 2008 and 2009. 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, 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."
In late 2006, Schiff predicted the housing bubble and resulting subprime mortgage crisis, and in late 2008, he predicted the automotive industry crisis and the crisis in the banking and financial markets. 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.
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 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 2
- Crash Proof 2.0: How to Profit From the Economic Collapse, 2nd Edition, September 2009, ISBN 978-0-470-47453-2 3
- The Little Book of Bull Moves, Updated and Expanded: How to Keep Your Portfolio Up When the Market Is Up, Down, Or Sideways, 2010, ISBN 0470643994 4
- How an Economy Grows and Why it Crashes, 2010, ISBN 978-0-470-52670-5 5
- The Real Crash: America's Coming Bankruptcy---How to Save Yourself and Your Country
- Eddlem, Thomas R. (September 17, 2009). "Peter Schiff Announces Conn. Senate Candidacy". The New American. Retrieved 2010-04-10
- Peter Schiff, Euro Pacific Capital Inc. . Retrieved 2010-11-03.
- "Peter Schiff". www.europac.net. http://www.europac.net/members/peter_schiff. Retrieved 2010-11-17.
- "Financial Sense Newshour's Ask The Expert: Peter D. Schiff 03.10.2007". www.financialsense.com. http://www.financialsense.com/Experts/2007/Schiff.html. Retrieved 2009-03-04.
- "Peter Schiff - FSU Editorial Archives". www.financialsense.com. http://www.financialsense.com/fsu/editorials/schiff/archive.html. Retrieved 2009-03-04.
- Podfeed.net: Wall Street Unspun with Peter Schiff
- Task, Aaron (November 24, 2008). "'Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees More Pain Ahead". Yahoo! Finance. Archived from the original on 2010-04-14. Retrieved 2010-04-14
- Pressler, Jessica (September 17, 2009). "Financial Pundit Peter Schiff Launches Senate Run". New York Magazine. Retrieved 2010-04-16
- O'Keefe, Brian (January 23, 2009). "Peter Schiff: Oh, he saw it coming". Fortune. Archived from the original on 2010-04-14. Retrieved 2010-04-14
- Peter Schiff. (February 20, 2009) (Flash). Peter Schiff was right 2006-2007 - CNBC edition. [Television production (clip compilation)]. http://www.youtube.com/watch?v=Z0YTY5TWtmU. Retrieved 2010-04-14.
- Peter Schiff. (November 13, 2006) (Flash). Peter Schiff Mortgage Bankers Speech. [Recorded live lecture]. Las Vegas: Western Regional Mortgage Bankers Association. http://www.youtube.com/watch?v=6G3Qefbt0n4&feature=PlayList&p=A85717715D812690&playnext_from=PL&index=0. Retrieved 2010-04-14.
- Peter Schiff. (November 2, 2008) (Flash). Peter Schiff Was Right 2006 - 2007 (2nd Edition). [Television production (clip compilation)]. http://www.youtube.com/watch?v=2I0QN-FYkpw. Retrieved 2010-04-14.
- Folkenflik, David (December 4, 2008). "The Man Who Predicted The Economic Meltdown". National Public Radio. Retrieved 2010-04-14.