Introduction

Peter Schiff: The bond market carnage that I spoke about at length during my last podcast as I expected continued during the current week. All of the yields ended the week higher above 4%. We still have a long way to go because investors still expect or bond traders still think the feds going to be able to bring interest rates all the way back down and we're going to go back to that super low interest rate environment where inflation is 2% or lower. That's never going to happen.