Thursday, June 4, 2020

Peter Schiff: The Next Crisis Will Happen Overnight

Quiet day in the stock market. More jobs lost than expected. Fed’s balance sheet moves through $7 Trillion. 

Ron Insana says big deficits are not a problem. Next crisis will happen overnight. Retails sales declining fast, even as shoppers hoard groceries. 

Netflix and Amazon are not COVID investments. Federal Reserve illegally grabbed the authority to do what It’s doing. 

Gold is at the beginning of a big rise. Buying the stock market is not contrarian. Bitcoin is not an inflation hedge.

- Source, Peter Schiff