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April 3, 2013

No Interest Without Risk

"Why do depositors or bondholders think they are entitled to interest without risk? That is not how markets work. We earn interest on these investments because we are loaning our assets to the bank. If the bank cannot repay us, we lose." - in IB Times 

Related ETFs:  Financial Select Sector SPDR (XLF)

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.
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