By Nigel Somerville | Sunday 5 April 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Warren Buffett is famed for many pithy comments such as “When the tide goes out you see who wasn’t wearing trunks” in the wake of the banking crisis. It is often the case that those who really understand what is going on are best able to explain it in simple terms and this week Peter Schiff offered up another. The point here is that we are being told that everything will return to normal once the coronavirus has been dealt with – Peter Schiff completely disagrees.
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