Tuesday, May 19, 2020

Peter Schiff: The Debt Bomb Has a Much Shorter Fuse Than Anyone Thinks


Financials take out new lows today before rallying the market positive. 

Tech stocks providing false sense of security for the markets. 

Powell throws cold water on negative interest rate expectations. Trump beats the drums demanding negative interest rates. 

Betting odds increase on Democrats taking the Senate. 

Congressman now proposing to pay people to go off unemployment. 

Restaurants will not recover from this. Entrepreneurs and business owners are the real heroes, not teachers. Swedish response was more responsible. 

Inflation is a consequence of government, never the private sector. Gold and gold stock charts looking great as markets start to roll over. Home builders are in trouble.

- Source, Peter Schiff