2021: A Year of Peak Speculation – Ep 764
The Peter Schiff Show Podcast
00:00
Stocks, Stocks and Equity Market - What Will the World Recycle Their Trade Surpluses?
The value of stocks in europe and asia is much better. The dollar will fall, because those dollars will then be on the foreign exchange markets to be sold instead of being used to buy us. Lumber prices were a big story early in the year because they were soaring. In 20 22 we're almost triple the price that we were at pre-pendemic levels. And if you look at the price of lumber, which is up forty % so far, i think this huge valuation gap is going to cause our foreign creditors to want to invest more of their earnings in their own equity market.
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