Nov 6, 2014

2008 Crisis: The Economy Is Even Sicker Now

Unfortunately all the problems that led to the housing bubble and the inevitable financial crisis, all the problems are now worse than they were. And it is interesting that all the so-called experts, economists, market strategists, did not understand just how sick the economy was, leading up to the 2008 financial crisis. They do not understand it is even sicker now. They never understood the disease, they think the Fed`s cure worked, but the Fed`s cure only made the disease that the Federal Reserve created worse.

Related trading instruments: SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), SPDR S&P Homebuilders ETF (XHB)

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

Blog Archive