Joining me this week on PowerTalk is Peter Schiff, American businessman, investment broker, financial commentator, author and radio show host as well as the CEO and Chief Global Strategist of Euro Pacific Capital Inc. As I’ve come to appreciate about Peter, he is not shy about his views and that always makes for a great conversation, particularly this one that touches on the economy, the direction of the stock market and what lies ahead for both.
Despite slower earnings growth and the lackluster U.S, economy, the domestic stock market continues to grind its way higher following the government shutdown. Your probably asking yourself - What’s fueling this continued rise?
If you look around in your every day life, you are likely thinking there is a disconnect between the economy and the stock market. After all the money the Federal Reserve has used to stimulate the economy, we continue to have huge numbers of people dropping out of the work force each month, wages have stagnated, une