Jun 13, 2016

Markets: U.S. Dollar, Emerging Markets

Once the Federal Reserve has to admit that we are in a recession, what are they going to do? They are going to cut interest rates, start printing up a lot of money, the U.S. Dollar tanks, commodity prices are going to rise and all of a sudden a lot of the emerging markets are going to be in better shape, a lot of the countries that were hurt by a strong U.S. Dollar and by the fear of higher Fed rates, those economies are going to take off. (iShares MSCI Emerging Markets Index ETF (EEM))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.