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.
Jul 20, 2014
Americans Are Big Spenders Of Other`s People Money
Related ETF: 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.
Jul 19, 2014
The Housing Market Is Quickly Unraveling
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.
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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