Mar 24, 2016

U.S. Dollar: The Trend Has Reversed

Looking at the trend, I think the trend in the U.S. Dollar has reversed. Because the Dollar gained for years based on the idea that the Federal reserve was going to be raising interest rates. But I know they cannot do that because the minute they raise interest rates they put us right back into recession. (SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ))

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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