Mar 18, 2016

The Federal Reserve Keeps Pretending That The Economy Is Strong

If the Federal Reserve were honest they would acknowledge how weak the economy is but they cannot do that for political reasons so all they can do is not raise interest rates. They have to keep pretending that they will raise interest rates so they can keep pretending that the U.S. Economy is strong. (SPDR Gold Trust ETF (GLD), iShares Barclays 20+ Year Treasury Bond ETF (TLT), SPDR S&P 500 Index ETF (SPY))

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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