Euro Pacific Capital CEO Peter Schiff weighs in on the stock market, bitcoin and the looming AT&T and Time Warner acquisition proposal.
According to Schiff, a pullback of Federal Reserve stimulus from the markets could deflate stock market values. Schiff dismissed the strong results from tech companies like Apple, Amazon and Microsoft and said these companies are benefiting from “cheap money” from the Federal Reserve.
“It’s very easy for companies to do well when you have interest rates at historic lows,” he said.
Amid worries that the Department of Justice won’t approve AT&T’s proposed $85 billion acquisition of Time Warner, announced over a year ago, Euro Pacific Capital CEO Peter Schiff thinks the government should mind its own business.
“I think that consumers are best served not by government regulators, but by the free market,” he said. “Let companies compete – let companies merge,” Schiff said.
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