Tuesday, June 18, 2019

Peter Schiff: ZIRP and QE Are Now Conventional Monetary Policy


There's been a lot of volatility in the stock market since I recorded my last podcast on Friday. In fact, on Monday, the tech stocks in particular got beaten up. 

The NASDAQ dropped by better than 150 points, led lower by the so-called FANG stocks (Facebook, Amazon, Netflix, Google). Google and Facebook, the biggest drop - I think it was something like 6-8%. Part of that had to do with the Justice Department investigating Google.

- Source, Peter Schiff