Stock market finishes the worst September since 2011. Silver down on the month, but outperforms stock market on the quarter. Stephen Roach speculates 35% collapse
Good news for Facebook stock is bad news for Main Street. Housing market booms – just like it did before the 2008 crash. Layoffs increasing.
S&P and Nasdaq close the week with record highs. Apple capitalizes on speculator mania with stock split. Weak economy benefits Wall Street and sedates Main
The commentary below is from Peter Schiff, Chief Economist and Global Strategist of Euro Pacific Capital and author of the The Real Crash: America’s Coming Bankruptcy.
Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.