"People are underestimating just how much interest rates are going to go up, how fast rates are going to rise and what the impact is going to be on the economy, on the housing market, on the stock market, on the banks and on the government`s ability to service its debt." - in CNBC
Related stocks and ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY), Bank Of America (BAC), Citigroup (C), Wells Fargo (WFC), JP Morgan (JPM)
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.