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Denial Runs Deep From Wall Street To Bitcoin – Ep 43

Author
Peter Schiff
Published
Thu 15 Jan 2015
Episode Link
https://schiffradio.com/denial-runs-deep-wall-street-bitcoin-ep-43/?utm_source=rss&utm_medium=rss&utm_campaign=denial-runs-deep-wall-street-bitcoin-ep-43





* Dow down 600 points in between Tuesday high and Wednesday low

* Stock market and real estate are pillars of the phony recovery

* Loose government lending standards encouraging mortgage defaults

* Dollar down and gold up on low retail sales numbers

* Fed not likely to sit out a U.S. recession, trading support for Wall Street over the dollar

* The next QE could be bearish for bonds and the dollar

* Demise of the recovery illusion will also hurt stocks

* Bitcoins down on more bad news

* Price does matter as investors seek value

* Irredeemable digital currencies will never be money


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