We are not prepared for what is about to happen which again will be much worse than the 2008 financial crisis. It is going to be a dollar crisis, it is going ultimately to be a sovereign debt crisis and it is going to bring this bubble economy to its knees. (iShares Russell 2000 Index ETF (IWM), SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD))
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 15, 2016
Jun 14, 2016
European Banks: Trading Lower Than They Were At The 2009 Lows
The European banks are lower than they were at their 2009 post Lehman financial crisis low. That is a huge decline in those European banks. They got negative rates over there. This is another example of what happens when you go to bed with the devil.
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.
The Markets Are Rolling Over
The markets are rolling over. look at the financials! The European banks, most of these banks are now not only at 52 week lows, they are at the lowest they have been as far as my charts go back.
Stocks: Bank of America (BAC), citigroup (C), J.P. Morgan (JPM), Deutsche Bank AG (USA)(NYSE:DB), Credit Suisse Group AG (ADR) (NYSE:CS), Barclays PLC (ADR) (NYSE:BCS), Banco Santander, S.A. (ADR) (NYSE:SAN)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Stocks: Bank of America (BAC), citigroup (C), J.P. Morgan (JPM), Deutsche Bank AG (USA)(NYSE:DB), Credit Suisse Group AG (ADR) (NYSE:CS), Barclays PLC (ADR) (NYSE:BCS), Banco Santander, S.A. (ADR) (NYSE:SAN)
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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