I am not short the market because I do believe that the Federal Reserve will put a floor beneath the market by printing money. But the ultimate collapse is in the U.S. Dollar. It has not happened yet but the Federal Reserve is going to sacrifice the U.S. Dollar. (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM))
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 30, 2016
May 27, 2016
We Are Already In A Recession
I think that we are already in a recession. By the time they go back and revise the numbers that we got for the fourth quarter of last year, early this year, I think the data is going to reflect that we have been in a recession. They never know we are in a recession until you are almost finished with it.
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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