I think the way this bubble is going to deflate is that the Federal Reserve is not going to be able to raise interest rates and investors are eventually going to figure out that predicament because of the Fed`s failure to act. And the U.S. Dollar is going to ultimately turn around, take the bond market with it, push up consumer prices, push up interest rates and really put the squeeze on the economy even further.
If the Federal Reserve actually tries to raise interest rates, then they are just going to prick the bubble much faster. So either way the air is going to come out and we are headed for a crisis.
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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