Prices Are Already Rising Faster Than 2% A Year

I think prices are rising quite a bit faster than 2 percent a year already. But one of the reasons that`s not even higher is because we are exporting it to our trading partners. Look at all the bonds that China and Emerging Markets have been buying since the Federal Reserve started tapering.

In fact foreign central banks are buying more bonds now, they are more than picking up the slack from the Fed and that is what is really keeping the world at bay right now.

Related trading instruments: iShares MSCI Emerging Markets Index ETF (EEM), 10-Year U.S. Treasuries;

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