Peter Schiff interviewed on January 8th, 2009. Schiff describes the current bond bubble and suggests that ‘speculators’ are the only people in bonds, like US Treasury Bills, right now.
I don’t agree completely with Mr. Schiff on this. IÂ strongly believe that the average Joe may also be fleeing into bonds. If this is the case, then when the speculators pull out, it is the average Joe that’s going to take the hurt — once again.