When the stock market crashed in Oct. of 1987, a sharp rise in bond prices not only cushioned the blow for diversified portfolios, but lower interest rates supported higher stock market valuations. This time stocks and bonds may crash together, leaving investors with no relief.
Oct 30, 2020
Oct 29, 2020
Bitcoin, Election & Stimulus
Bitcoin: The Biggest Bubble
If you measure the size of asset bubbles based on the level of conviction buyers have in their trade, the Bitcoin bubble is the biggest I've seen. Bitcoin hodlers are more confident they're right and sure they can't lose than were dotcom or house buyers during those bubbles.
Is a contested election good for the stock market?
The Economic Dependence On Stimulus
It's crazy to blame the problems in the economy or the stock market on a lack of stimulus. The Federal Reserve is already suppling constant monetary stimulus and the Federal government is providing huge fiscal stimulus. The problem is that the stimulus addicts now need an even larger dose.
Oct 27, 2020
Stock Market: All Bubbles Eventually Find A Pin
The Peter Schiff Show, Episode 622: All Bubbles Eventually Find a Pin
Highlights from this podcast episode:
- Stock markets tumble on renewed fears.Blue wave may not crest as once was expected.
- More stimulus comes with bigger government.
- Trump is the Republican Jimmy Carter.
- Trump’s legacy will be his successful Supreme Court nominees.
- The most important thing this election is to prevent Democrats from taking control of the Senate.
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