April 19, 2013

Rates Are Going To Go Up And When That Happens, The Party Is Over

"It feels pretty good right now. The Fed(eral Reserve) is spiking the punch bowl with all this monetary alcohol. But the problem is when the hangover wears off, we are going to be able to convince the world to keep lending us money at ultra low interest rates. Rates are going to go up and when that happens, the party is over." - in CNBC

Related ETFs: SPDR SP 500 Index ETF (SPY), SPDR Dow Jones Industrials ETF (DIA), iShares Barclays 20+ Year Treasury Bond ETF (TLT)

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.