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IPFS News Link • Stock Market

Peter Schiff: The Rising Interest Rates Will Collapse The Stock Market

•, by Mac Slavo

Euro Pacific Capital CEO Peter Schiff and Steven Quirk, the executive vice president of TD Ameritrade's trader group discussed the Federal Reserve's impact on the stock market and whether corporate earnings can help the market make a comeback.According to Fox News, Schiff's assessment was none too calming. "[The Federal Reserve] should raise rates, but the market is going to collapse as a result," he told FOX Business' Liz Claman on Monday.

Schiff also said that investors should expect a long drawn-out bear market with the cost of living rising to dramatic levels. "This bear market is not going to end quickly," he said.