Any News Is Bad News for Stocks – Ep 838
The Peter Schiff Show Podcast
00:00
The Fed Needs to Cause a Recession to Fight Inflation
Economy has never been this leveraged and dependet on the cheap money that the feder reserve is now taking away. As corporations have to pay higher interest on their debt, that reduces their earnings. So stock prices are going to come down, and they have a long way to fall. Anybody who thinks we're anywhere near the bottom just doesn't understand the stock market. It's amazing that so many people are still talking about a soft landing when we've already crashed.
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