fbpx

Denial Runs Deep From Wall Street To Bitcoin – Ep 43

The Peter Schiff Show

  • Dow down 600 points in between Tuesday high and Wednesday low
  • Stock market and real estate are pillars of the phony recovery
  • Loose government lending standards encouraging mortgage defaults
  • Dollar down and gold up on low retail sales numbers
  • Fed not likely to sit out a U.S. recession, trading support for Wall Street over the dollar
  • The next QE could be bearish for bonds and the dollar
  • Demise of the recovery illusion will also hurt stocks
  • Bitcoins down on more bad news
  • Price does matter as investors seek value
  • Irredeemable digital currencies will never be money