Recently they have been sucking the air out of the bubbles. And now they are surprised that the bubbles are deflating?
What they are going to do is they are going to try to blow the air back into the bubble. They need the stock market going up, so if the stock market goes down, what are they going to do? And again, it is not just stocks, it is real estate. That is going down too.
Related Exchange Traded Funds: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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