Wednesday, September 2, 2015

Dow will drop over 1000 if the Fed hike rates

It’s not just a 580 points [on the Dow] we drop today or the 530 on Friday or the 350 on Thursday. We have thousands and thousands of points to surrender if the Fed is actually going to follow through with its threats to raise interest rates.

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009