Yellen’s Recovery is as real as George ‘s Beach House Ep. 35

The Peter Schiff ShowYellen’s Recovery is as real as George Costanza’s Hamptons Beach House Ep. 35

  • Volatile Friday followed by Monday rally trend
  • The stock market has rallied very high very fast with little technical support.
  • The gold market had its best week relative to equities.
  • Only a dozen markets have beaten gold this year.
  • Rally started with Michigan Consumer Sentiment assisted by Dodd/Frank revisions.
  • The dollar was mixed at Friday close.
  • The oil market is indicative of the Fed’s movements.
  • The Fed’s history predicts continued to support for bubbles with additional QE, despite reports to the contrary.
  • QE4 will be bigger than previous QE’s and will precipitate higher oil prices.
  • The pretense that QE is over has fueled the market, but QE4 will trigger the bursting of multiple bubbles.

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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