U.S. Stocks Decline Amid Peter Schiff: 'US economy heading 2 days ago   01:32

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Bloomberg
June 6 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today.
U.S. stocks fell for a fourth day amid concern economic growth is slowing and the Federal Reserve will boost capital requirements for the nation's largest banks. Bloomberg's Julie Hyman also speaks. (Source: Bloomberg)

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Peter Schiff: 'US economy heading U.S. Stocks Decline Amid 2 days ago   14:24

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America's credit rating is at risk, the unemployment is up and the residential real estate market has double dipped. Is it time to change the way the world economy works? "We are heading for a huge disaster," says Euro Pacific Capital President Peter Schiff. As the US dips from a recession to a depression, Schiff says, America needs to stop borrowing money if they want to prevent driving off the proverbial cliff.

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