A Bubble Economy, A Brutal Recession & Interest Rates

Peter Schiff was active this week commenting the recent action in the markets. Here's a snapshot of the most interesting articles:

Peter Schiff: The Truth Is We Don't Have A Booming Economy; We Have A Bubble

Peter Schiff: The Recession That's Coming Is Going To Be Brutal (Video) 

Stock market will collapse with Fed raising interest rates: Peter Schiff (in Fox Business)

$5000 Gold Prices Could Be In Our Very Near Future

General Electric (GE) Is Less Valuable When It Can't Pay A Dividend

General Electric (GE) closed at $10.10 down 8 cents and it made a new multi-year low. It's the first time it's been below ten dollars in 8 or 9 years. The reason that GE got clobbered by 9 percent yesterday was because they had announced the evening before that they were eliminating their dividend and so obviously GE is a lot less valuable when it can't pay a dividend.