Podcast: China`s Crash, U.S. Markets & Interest Rates

The U.S. markets are not going down because of China. China and the global markets are going down because the Federal Reserve is threatening to raise interest rates.

Tickers: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), iShares FTSE/Xinhua China 25 Index ETF (FXI)

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