Warren Buffett is not a gold fan. In his annual shareholder letter he wrote that "magical metal was no match for American mettle." He's wrong.
Last week’s craziness was not the first time in recent memory that U.S. money markets have shown signs of stress. The third quarter ends Monday.
Unfortunately, the only way Schiff sees the problem being resolved has dismal implications he thinks has the potential to upend the entire economy.
“I don’t think it’s a real major market issue,” he said. “When it comes to politics, the outcome of the 2020 election is far more important."