Mar 31, 2015

Monetary Policy: It Will Backfire

I believe Central Banks are behaving very foolishly around the world. They are deliberately cutting interest rates in pursue of inflation as if that`s the Holy Grail of economics. I think this is going to backfire. I think the inflation rates around the world will end up being much higher than any central bank has bargained for.

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

U.S. Economy: A Gigantic Bubble

The U.S. Economy has never been in worse shape than it is right now. You just can`t perceive that because the Federal Reserve has not taken away all the monetary support. But this is not a genuine recovery, this is a gigantic bubble, this is bigger than the housing bubble, this is bigger than the dot com bubble. This is all fantasy.

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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