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Schiff: The V-shaped recovery narrative is falling apart

YouTube/PeterSchiff, Released on 6/26/20

*“I confused D.C with Puerto Rico when I discussed the number of Representative it would have if it became a state. It would only have one Representative. It’s Puerto Rico that would have five.”

Topics:

  • As I predicted, US stock market continued to be under pressure throughout the week.
  • Financial stocks lead lower by Goldman Sachs.
  • Companies that can’t make money need to go out of business.
  • Betting odds overwhelmingly favor Democrats victory in White House and Senate.
  • House of Representatives pass bill to make Washington D.C. the 51st state.
  • When Republicans lose the Senate in November, they may never get it back.
  • Elizabeth Warren has inside track on Secretary of Treasury in Biden cabinet.
  • Euro Pacific funds made up for 5 years of under performance in 6 months.

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

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