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Oil's swift and sudden decline is just the latest Federal Reserve-induced bubble to pop, and if history is any indication, stocks and real estate could soon follow, according to Euro Pacific Capital's Peter Schiff.
"If oil prices are artificially inflated by the Fed, so are stock prices and real estate prices," he told CNBC.com's Futures Now.
http://www.cnbc.com/id/102274185Said Schiff: "When this market turns, it's going to turn fast and it's going to take no prisoners."
Lol, did you just quote Peter Schiff? That guy is a moron. He has been saying the same things for years. Even a broken clock is right twice a day.Oil prices are artificially inflated..
It's funny because of how they usually explain oil trends in reports as it relates to price. Is it supply and demand, is it production output to Saudi whims, is it security related, natural disasters? We've had high oil prices when much of these scenarios were playing out fervently, and now that the US has more wars burning and threatening even more with Putin & Co, oil prices are miraculously low.
You're probably right, but from morons to your most trusted money man, this sentiment is common and felt across the board, I know for sure mainstream US financial news providers are far from conveying the reality of markets but even they cant escape the enormity of mess at the hands of Feds.Lol, did you just quote Peter Schiff? That guy is a moron. He has been saying the same things for years. Even a broken clock is right twice a day.Oil prices are artificially inflated..
It's funny because of how they usually explain oil trends in reports as it relates to price. Is it supply and demand, is it production output to Saudi whims, is it security related, natural disasters? We've had high oil prices when much of these scenarios were playing out fervently, and now that the US has more wars burning and threatening even more with Putin & Co, oil prices are miraculously low.
Are u kidding me??? u do the fella a great disservice by comparing him to me, when it comes to money matters.Oh where is Gurey25 when u need him. He should read this thread and amaze at how the mighty US dollar is being praised. OH wait---Gurey is here. Hi Zulaika.
FFS, dude! It's the 23d today and the time to visit Dahabshiil is around so you shouldn't have reminded me of that, mate.fokn hate to be an aussie right now, 7 months ago one aussie dollar was like 1.08 US american. Highest its ever been
Now its like 0.76
FML
FFS, dude! It's the 23d today and the time to visit Dahabshiil is around so you shouldn't have reminded me of that, mate.fokn hate to be an aussie right now, 7 months ago one aussie dollar was like 1.08 US american. Highest its ever been
Now its like 0.76
FML
Duh !!! i used to specualte in currencyso i know my way around the treacherous waters thank you.Oh where is Gurey25 when u need him. He should read this thread and amaze at how the mighty US dollar is being praised. OH wait---Gurey is here. Hi Zulaika.
So which money transfer company do you use then? My mate owns Dahabshiil office here & I usually give him a call when I want send money and transfer the money from my Netbank account to his account and done, easy. But if there's a cheaper firm I might use them when I want send a lot of money.FFS, dude! It's the 23d today and the time to visit Dahabshiil is around so you shouldn't have reminded me of that, mate.fokn hate to be an aussie right now, 7 months ago one aussie dollar was like 1.08 US american. Highest its ever been
Now its like 0.76
FML
LOOL
sxb dahabshiil will not be using .76
They'll be using 0.72 to send money. Good luck
I recently sent 10K @0.73, felt so ripped off
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