Everybody still thinks that this is serious. They still don`t get what is actually going on that the Federal Reserve is not going to raise interest rates but they cannot admit that so they keep pretending.
By the time December rolls around the probability of a December hike will be way down and of course the probability of a March hike will be much higher because every time the Fed does not raise rates the markets believe a rate hike is coming. Why? Because the federal Reserve keeps talking about the possibility of raising interest rates but never actually doing 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.
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