The truth is oil prices and stock prices are going down for the same reason. It is not that lower oil prices are causing the market to go down. Both are going down for the same reason and that reason is a slowing global economy including the U.S. Economy and the fact that the Federal Reserve is threatening to slow it even faster by raising interest rates. That is what is driving the market down.
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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