Why are stocks falling all over the world? Co-author of The Money Bubble John Rubino joins Silver Doctors to discuss.
Rubino says overvalued stock markets are facing higher interest rates. Stocks have been propped up partly because of corporate stock buy-backs. But with interest rates rising, corporate stock buy-backs become less profitable.
What about gold and silver. As the stock market was falling last week, precious metals spiked. This may continue, Rubino says.
Angela Merkel's coalition is shrinking. Rubino says this could lead the rise of extremist parties in Germany, which would threaten the Eurozone.
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It
. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.