Stocks: A Bubble Too Big to Pop? (Video)
Fox Business interviewed Peter Schiff about the stock market’s strong performance following Christmas. Peter elaborated on the problems with the Fed’s upcoming taper and why he thinks it will be forced to increase QE in the future.
If the Fed did the right thing for the economy and let interest rates go up, the stock market would come crashing down. But I don’t believe the Fed is going to do the right thing. They’re going to keep doing the wrong thing. This bubble is too big to pop. The Fed knows it, so they’re going to keep on supplying air. So…the dollar’s going to go down a lot more in real terms. And yes, gold is going to go up.”
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