Schiff: “Everything Bubble” Set to Pop
We talk a lot about bubbles in the economy.
Nick Giambruno simplifies things in an article he recently wrote for the International Man. He just calls it the “everything bubble.” And he says it will pop in the near future thanks to the Federal Reserve.
Interest rate tightening is the pin that will pop the everything bubble. After all, artificially low-interest rates blew the bubble up. As Giambruno pointed out, nearly every Federal Reserve rate-hiking cycle has ended in an economic crisis. Specifically, 16 out