Jul 20, 2014

The Federal Reserve Can`t Acknowledge The Stock Market Bubble

The Federal Reserve is basing the recovery on the wealth effect. How can the Fed acknowledge a stock market bubble if the stock market going up is a key part of the recovery?

Related: Facebook (FB), Twitter (TWTR), Netflix (NFLX), Nasdaq 100 Index, SPDR S&P 500 Index ETF (SPY)

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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