Back in November, Peter Schiff, CEO and Chief Global Strategist at Euro Pacific Capital, appeared on Benzinga’s PreMarket Prep to discuss his bearish thesis on the stock market and the U.S. economy. Less than two months later, elements of Schiff’s thesis appear to be playing out just as he predicted they would.

“If the Fed raises interest rates, this bubble is going to be cracked, and we are going to have a worse financial crisis than in 2008,” Schiff told Benzinga in November.

Since that interview, the Federal Reserve issued its first interest rate hike, and the S&P 500 has started…

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