Ex Reagan adviser Peter Schiff hits out at Fed for creating bubble economy, predicts bigger crisis

Peter Schiff, former adviser to President Ronald Reagan and CEO of Euro Pacific Capital has said Americans should prepare for “a horrible Christmas” even as they wrap gifts as they are going to face a big recession because of the Fed’s wrong policies.

“I expect job layoffs to start picking up by the end of the year,” Schiff said told CNBC’s Future Now program and added that retailers are going to be the first victim.  Read more