US government’s multi-trillion-dollar stimulus response to Covid did major damage to economy – Peter Schiff ...News

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US government’s multi-trillion-dollar stimulus response to Covid did major damage to economy – Peter Schiff
source : Russia Today ( News ) () 9
The stock market is booming on news of successful coronavirus vaccines but the rally isn’t really about a cure for Covid, says economist Peter Schiff. It is being driven by the government and central bank policies, he insists. According to the veteran stockbroker, the problem is that the government’s “help” really isn’t helping. In fact, it has made a bad situation much worse. The Dow Jones Industrial Average was up 11.8 percent last month, having its best November since 1928. The S&P 500 and the NASDAQ also had their best months since the big rebound in April from March lows. “This is all a bubble,” Schiff explains in his podcast, poi

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