28-09-2019 12:05 via feedproxy.google.com

'We prick the bubble, and everything comes imploding down': Peter Schiff sounds off on the 'artificial' economy — and why the next big reckoning is inevitable

Peter Schiff — president and CEO of Euro Pacific Capital — thinks the longer the Federal Reserve keeps interest rates artificially low, the bigger the collapse will be when the unwinding takes place.
He expands on his view that the economy is "artificial" by citing recent action in the IPO market, where companies have garnered sky-high valuations due to the overwhelming prevalance of cheap capital.
Unfortunately, the way Schiff sees this debacle being resolved is through the popping
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