Peter Schiff: ? Financial conditions are rapidly deteriorating - Ep 542
Week closes out with another big drop in the markets. Nasdaq and Russell 2000 hit new record lows. Russell 2000 on-track to have lost value during Trump’s four years in office.
Oil prices are plunging, which is bullish news for gold mining companies as their production costs decrease and gold prices increase.
Fed’s balance sheet rose by a whole month's worth in one week and it looks like that trend will continue in the weeks to come. Fed’s crisis hasn’t even begun.
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