The housing story is quickly unraveling. Remember it is one of the cornerstones of the Fed`s recovery plan, it`s all based on the wealth effect associated with housing and stocks.
Related: SPDR S&P Homebuilders (ETF) (XHB), 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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