Peter Schiff is a financial commentator and entrepreneur who has been in the industry for over three decades. He has always been a contrarian investor and has been right with his predictions many times in the past.
In one of his podcasts, he said that if bonds don't crash, stocks will.
“A crash is coming. Because, if the bond market doesn’t crash, the stock market will. And if the bond market does crash, well then, the stock market is going to crash too. So, either way, at some point you’re going to get some kind of crash.”
Peter Schiff is a financial analyst and the CEO of Euro Pacific Capital. He has said that the bond market is in a serious decline.
In his podcast, Peter Schiff points out that bond yields rise as bond prices fall. This indicates a serious decline in the bond market. The yield on the 10-year Treasury rose above 2.9% on Tuesday morning, and the yield on the 30-year is knocking on the door of 3%.
In this podcast, Peter also talks about the weakness in the technology and cryptocurrency sectors, strength in gold and silver markets.
Peter says that he is not as concerned about the technology sector as he is about the cryptocurrency market. He thinks that there are a lot of people who are "sitting on losses" with cryptocurrencies.