How Much Is A Bitcoin Today Peter Schiff Slams Bitcoin, the Stock Market and the Federal Reserve (BITCOIN) - Hai Friend Buy Stocks With Bitcoin, In the article you read this time with the title How Much Is A Bitcoin Today Peter Schiff Slams Bitcoin, the Stock Market and the Federal Reserve (BITCOIN), we have prepared this article well for you to read and take the information in it. hopefully the contents of the post Article How Much Is A Bitcoin Today, which we write you can understand. okay, happy reading.

Title : How Much Is A Bitcoin Today Peter Schiff Slams Bitcoin, the Stock Market and the Federal Reserve (BITCOIN)
link : How Much Is A Bitcoin Today Peter Schiff Slams Bitcoin, the Stock Market and the Federal Reserve (BITCOIN)

How Much Is A Bitcoin Today Peter Schiff Slams Bitcoin, the Stock Market and the Federal Reserve (BITCOIN)

If you thought this week's drop in stocks was bad, a bear market, or a 20% decline in stocks, is on the horizon, according to Peter Schiff, CEO of Euro Pacific Capital.

Schiff said the "Yellen put" in the markets could expire under President Trump. "I don't know if the Fed has much love for Trump," he said, adding that the Fed had the markets' back during the Obama Administration.

One black swan event Schiff sees as a possibility is the notion of investors abandoning the euphoria over Trump's presidency, which helped fuel the stock market rally this year.

"We've had a huge move up since the election of Trump even though prior to the election the expectation was if Trump won it [would be a disaster for markets]," he said.

When asked if the two straight quarters of double-digit earnings growth has sparked the rally in stocks this year, as opposed to solely Trump, Schiff pointed to earnings headwinds in the retail sector.

"Look at these retailers one after another coming out with awful earnings," he said. "Look at Foot Locker down 25%."

Schiff didn't buy the notion that Amazon is the reason for the retail sector's woes.

"Amazon has been here for a long time - this is the worst year for retail - it's worse than 2008 and 2009," he said. "This is because consumers are broke - they have lousy jobs, they're loaded up with debt and they can't afford to buy stuff."

How Much Is A Bitcoin Today

Demikianlah Artikel How Much Is A Bitcoin Today Peter Schiff Slams Bitcoin, the Stock Market and the Federal Reserve (BITCOIN)

This is the article How Much Is A Bitcoin Today Peter Schiff Slams Bitcoin, the Stock Market and the Federal Reserve (BITCOIN) this time, hopefully can benefit for you all. okay, see you in other article posting.

You are now reading the article How Much Is A Bitcoin Today Peter Schiff Slams Bitcoin, the Stock Market and the Federal Reserve (BITCOIN) with the link address https://buystockswithbitcoin.blogspot.com/2017/10/how-much-is-bitcoin-today-peter-schiff.html