Economic guru Peter Schiff warns savvy investors that the current Trump bull-run stock market actually is flashing many obvious danger signals if one would only ignore the dazzle and examine the details.
“The stock market is rising despite the fact that there are very, very negative factors that are building, that are hiding in plain sight, that everybody is ignoring,”
Schiff cited various danger signals, including rising inflation, as evidenced by the surging price of oil, the tanking dollar, and warning signs in the bond market with reports China plans to quit buying US Treasuries. Bloomberg News recently reported that Chinese officials reviewing the country’s vast foreign exchange holdings have recommended slowing or halting purchases of U.S. Treasury bonds amid a less attractive market for them and rising U.S.-China trade tensions.
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