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Peter Schiff: The Market's 'Pipe Dream' Is EndingCNBCAug. 27, 2015 |
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 As stocks attempt to come back from a historic market selloff, Euro Pacific Capital CEO Peter Schiff said any gains, including Tuesday's bounce, are "notoriously suspect." Stocks tumbled into the close on Tuesday, marking the sixth-straight day of losses for major U.S. indexes and erasing all gains from the day's brief rally. Schiff has been vocal about his bearish take on the U.S. stock market, and his belief that another round of quantitative easing is coming. Speculators on Wall Street have called a raise in interest rates anywhere between September and next March. But Schiff isn't wavering on his stance that a rate hike at this time could send the U.S. economy spiraling into a recession, especially given the past week's market plunge. Read More 
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