In the short run it is all about what people think not about reality. And if everybody is wrong than the markets are going to reflect that and ultimately though reality is going to cause the markets to change, assets will be repriced not based on what people thought it was going to happen but based on what actually happens.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
May 4, 2016
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