When rates move up all bubbles are going to burst. The Bond bubble, it is not just junk bonds, there is a bubble in sovereign credit, there is a bubble in Treasuries. (SPDR Barclays Capital High Yield Bnd ETF (JNK), iShares iBoxx $ High Yid Corp Bond ETF (HYG))
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Dec 22, 2015
Dec 21, 2015
All The Forward Economic Indicators Are Flashing Recession
The whole economy is nothing but a bubble. We did not have a legitimate economic recovery, we just had a bubble and te bubble needs to be pricked. But if you look at all the forward economic indicators, they are all flashing recession. The only one that is not is the Unemployment Rate which is a lagging indicator.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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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