They are never going to raise interest rates at least not until they are forced to. That is what I can`t understand, people have not figured this out yet, that Yellen has no intention of raising interest rates. She did mention that it was possible that they could raise rates but anything is possible. I mean an alien invasion is possible, right?... but its not going to happen. And it is not because of inflation, it is because we have a bubble, there is no legitimate recovery, if there was, they would have raised rates years ago. It is a gigantic bubble and the Federal Reserve is afraid to prick it.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
- ► 2016 (252)
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- The Federal Reserve Is Bluffing
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- A Bullish Case For Gold
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- ▼ March (33)
- ► 2014 (429)