Mar 13, 2015

Dollar Bulls Are Wrong

I wonder how far the stock market has to fall before it dawns on some of these dollar bulls that the Federal Reserve is not going to raise rates. If we are in a bear market, is the Federal Reserve going to raise rates? I do not think so. If the Dow Jones Industrials Index drops 20 percent, are they going to kick the market in the groin while it is lying on the ground? Do they want the market going down 50 percent? Especially when the foundation of the recovery is the wealth effect from the stock market and the housing market.

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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