Peter Schiff warns that US borrowing costs have reached a 24-year high, with 10-year Treasury yields at 5.35%, pushing 30-year mortgage rates to 7.49%. He predicts mortgage rates could rise to 9% and home prices may fall 30-50%, signaling a severe housing market downturn. Schiff sees the US government facing a potential debt restructuring or 'stealth default' due to unsustainable interest payments, with inflation or restructuring as possible outcomes. He remains bullish on gold and gold mining stocks as safe havens amid rising bond yields and economic uncertainty.
Peter Schiff's views on rising yields and economic risks provide context for today's market activity on Pluang. For readers following US stocks, here is Pluang's market snapshot as of Oct 08, 2026 21:23 WIB: out of 150 priced US stocks, 72 rose and 77 fell. Marvell Technology Inc (MRVL) declined 2.49% with a typical hold time of 42 days and a buy order activity of 64%, contrasting with ConocoPhillips (COP) which rose 2.46% despite 67% sell orders and a longer hold time of 79 days. Lucid Group Inc (LCID) also fell 2.31%, with 86% buy orders and a 45-day hold time.
Pacira BioSciences was downgraded from Buy to Hold by Needham following Viatris's announcement to acquire the company for $36.50 per share, valuing it at about $1.65 billion. The deal is expected to close by late 2026 and will enhance Viatris's portf...
Seaport Global increased Shopify's price target from $175 to $180, reflecting an 8.3% upside from the current price of $166.16. Shopify's shares have surged 80% since May, pushing its market value above $205 billion. The rally is driven by a strategi...
Tesco reported earnings per share of $0.69, beating estimates of $0.64, despite revenue falling short at $44.60 billion versus $49.60 billion expected. The UK supermarket raised its full-year adjusted operating profit forecast to £3.15-3.30 billion, ...
CIQ has released Fuzzball 4.3, a platform that enables enterprises to deploy validated open-weight AI models and agents on their existing GPU infrastructure with a single command. This update simplifies operationalizing AI by automatically connecting...
As of September 30, 2026, Societe Generale's share capital consists of 739,264,232 shares with a total of 821,169,560 voting rights. The bank highlights its strong global presence with 110,000 employees serving 27 million clients across 58 countries....
