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POSTED ON December 2, 2019  - POSTED IN Guest Commentaries

On several podcast episodes, Peter Schiff has talked about the warning signs we’re seeing on Wall Street through the struggles of so-called unicorn companies.

Unicorns are privately held companies valued over $1 billion. Companies like Lyft, Chewie, Uber and WeWork were the darlings of WallStreet. Their IPOs were much-anticipated by investors. They are also the poster children for easy-money induced market mania, and their IPOs were crucial for maintaining the bubble.

In particular, the demise of WeWork’s much-anticipated IPO provides a good object lesson revealing the problems of the Federal Reserve’s easy-money policy.

POSTED ON October 10, 2019  - POSTED IN Key Gold Headlines

The unicorns are dying.

Markets seemed to really wake up to the plight of the unicorn when WeWork aborted its much-anticipated IPO, but the air started coming out of the unicorn bubble long before WeWork’s IPO demise.

Unicorns are privately held companies valued over $1 billion. Companies like Lyft, Chewie, Uber and WeWork were the darlings of WallStreet. Their IPOs were much-anticipated by investors. They are also the poster children for easy-money induced market mania, and their IPOs were crucial for maintaining the bubble.

POSTED ON October 2, 2019  - POSTED IN Peter's Podcast

As Peter Schiff put it in his podcast, if the first trading day of the fourth quarter was a sign of things to come, bulls on Wall Street are in for a rough end to the year. In fact, Peter said the party is over and you don’t want to be the last one to leave.

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