The Experts Are Wrong On The Economy

I think a lot more economic data will come out before the general public can accept that I am right. Not really the general public but the so-called "experts" on the economy. The same experts that basically said that there was a 90 percent chance that the Federal Reserve was going to raise rates by December. I was saying that the chance was close to zero and now that we got this horrible jobs report, the experts are changing their forecasts and now they are saying, now that we got this new information maybe the Federal Reserve will wait until March.

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