Peter Schiff: Financial conditions are rapidly deteriorating
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Week closes out with another big drop in the markets. Nasdaq and Russell 2000 hit new lows for the year. Russell 2000 on-track to have lost value during Trump's four years in office.Oil prices are plunging, which is bullish news for gold mining companies as their production costs decrease and gold prices increase.Fed's balance sheet rose by a whole month's worth in one week and it looks like that trend will continue in the weeks to come. Fed's crisis hasn't even begun.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He's also the author of the bestselling books: Crash Proof 2.0
