Apr 2, 2015

Currency Markets Are Prepared For The Opposite Of What Is Going To Happen

I think what you are going to have is Central Banks increasing interest rates around the world at the time the Federal Reserve is doing QE4.

So, I think the currency markets are prepared for the opposite of what actually is going to happen. They think everybody in the world is going to be easing and the Federal Reserve is going to be the only central bank tightening. We will be doing QE4 and other central banks are going to be trying to put out the inflationary fire that they lit on purpose.

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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