Peter Schiff says we’re not in a bear market, ‘we’re in a house of cards that the Fed built’

He’s been wrong for 9 years

People are just in freak out mode and need to stop.

Every recession must be accompanied by a weakening job market, most job openings of 7mm+ for 4 months, & over 5mm+ for 4 years, new weekly unemployment is at 49 year lows on absolute basis, and the lowest ever on %age basis, incomes are growing, inflation low, Bull steam ahead

Nonsense. System liquidity has been balanced. Powell wasn't taking away the punch bowl. This is all about Trump's intentional assault on the rule of law, the Republic and the global order. This market cillapse is only about the US no longer being a safe haven to leave money.

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White House advisor Peter Navarro blames the Fed for market volatilityWhat's causing volatility in the markets? White House advisor Peter Navarro pointed a finger at the Fed. 'The predominant factor, hands down and at the top of the list, is Federal Reserve policy.' How about an erratic president? Navarro’s failed ass should look at this China policy first. It’s 1-10 on the list of reasons causing this.
La source: CNBC - 🏆 12. / 72 Lire la suite »