We just had the strongest Jan. for stocks since 1987 and the weakest Jan. for the dollar since 1987. Interest rates are rising now for the same reasons they rose then, widening budget and trade deficits. Given the complacency, I wonder if this time Black Monday arrives in Feb?
— Peter Schiff (@PeterSchiff) February 2, 2018
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- @tevenski Yes, and you had just as much fun hitting a ball of light back and forth. At the time we all thought that was incredible. Just like kids use to have lots of fun staring at a radio listening to the Lone Ranger or Howdy Doody. It's just a function of what you know.
- Epistemological foundation for AE
- @KennedyFinance Just checked. Your account is up 40% since Jan. of 2016, but still down 2% since you opened it. You stated just before a big rise in the dollar, so your account initially fell by 30%. The dollar has surrendered those gains, and if I'm right its about to get killed.
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