I think there is a whole world out there, in particular certain countries that do not have anywhere near the enormity of the problems that the United States does. In fact, if I were as convinced as everybody else that the Federal Reserve was actually going to raise rates sometime this year, I would be even more negative on the U.S. stock market than I am now.
Because I think the Federal Reserve is going to rescue the stock market with QE 4 but when do do that they sacrifice the U.S. Dollar.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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