"We have excess capacity in a lot of sectors that needs to be taken out. Companies are going to have to stay in business with a lower level of business. Some companies are reluctant to make capacity cuts because they assume there will be a recovery. But a lot of people don't realize this is not a temporary recession. This is a permanent condition.
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
A Bear Market For Bonds Will Go On For A Long Time
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"Not this month, but it's certainly going to go back into a bear market.
And bond cycles are long for both the bear and the bull. This bull market
has last...
4 hours ago
