Peter Schiff appeared on Yahoo! Finance this week to talk with The Daily Ticker’s Laura Lyster about the rally in the stock market and the supposed recovery of the US economy.
“The only supposed evidence of the recovery is the fact that house prices are up or stock prices are up or that people are more confident. But that’s not real. Stock prices are up because of the cheap money. People are confident because they think they’re richer or because they believe the hype in the media that there’s a recovery, even though they’re not experiencing it. But if you look at the actual data that is coming out on the economy – the ISM, manufacturing, jobs data, the real hard numbers – all those data points are negative.”
Click Here to Watch the Full Interview
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