Mish shedlock bitcoin wiki

Money manager Peter Schiff says the wild swings in the market are because of massive central bank money printing and exploding debt. What in the heck is going on? The mish shedlock bitcoin wiki question is what was going on when the markets were going up?

The fact that they are coming back down to earth makes a lot more sense. What about the economy improving under Trump? Growth hasn’t really picked up, it’s actually slower. Nothing is happening other than we are going into huge debt. We got tax cuts, and we borrowed the money to pay for them.

Schiff predicts in the next recession, the Fed will go back to printing even more money. There is no question in my mind because the alternative is politically unacceptable to anybody, which would be a worse financial crisis than 2008. When we go back into recession, when we are in a bear market, they are going to go back to the only formula that they think works. They can’t do rate cuts because rates are so low, they can really cut them very much. Schiff points out when countries get into financial trouble, they rev up the printing press to pay debts and expenses.