Dec 28, 2013

U.S. Economy: The Highest Rate We Can Afford Is Zero

Without the support of the Federal Reserve, long term interest rates are headed a lot higher and our economy is too broke to afford it. The highest rate we can really afford is zero at this point and the markets haven`t figured this out yet.

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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