This Time It Is Different – It’s Worse – Ep. 57

  • First trading day of march – NASDAQ closed above 5000 for the first time in 15 years
  • Each time the market goes up with crazy valuations, pundits say, “This time it’s different.”
  • This time the Fed is under more pressure to create the illusion of prosperity
  • Today’s rally came against the backdrop of weak economic data
  • The only way this bubble won’t burst is if the Fed intervenes with more stimulus
  • Bubbles force you to make an important decision:
  • Look like a fool before they pop, or look like a fool after they pop
  • It doesn’t matter how much money you make, it’s how much money you keep

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.



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