We Will Have A Crisis Early In The Yellen Term

The Bernanke bubble is bigger than the Greenspan bubble. The monetary policies pursued by Bernanke were far more reckless than the ones pursued by Greenspan and therefore the bubble is much bigger. And therefore the damage to the economy when it pops will be much bigger.

We are going to have another crisis early in the Yellen term that will be bigger than the crisis that we had early in the Bernanke term (2008 financial crisis) and Wall Street and the government are equally as prepared. They will be equally blind sighted.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.