Peter Schiff Sees "Phony" Low-Rate Economy Imploding But Doesn't Bother With Solutions
Unfortunately, the only way Schiff sees the problem being resolved has dismal implications he thinks has the potential to upend the entire economy.
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."
“There are companies that I think there’s a lot of value in helping them get to the next level, but they’re too small for Berkshire," Cool says.
Companies with improving climate headlines do even better, outperforming the MSCI World Index by 1.4 percentage points. And data suggest more ahead.
"Jay Powell reminds me of a junior trader; every day the market is up they turn bullish and every day the market is down they turn bearish.’
What the Fed really ought to be doing is purging itself of all the stupid bonds they bought during quantitative easing, which was stupid, Fisher says.
Kudlow also on Thursday noted that the bond market's yield curve is upside down, but that does not mean a recession is on the way.