They are selling Euros, they are selling Pounds, they are selling Yen, to buy dollars because they are worried about problems in Europe or japan even though we have the same problems, only bigger in the United States.
Related trading instruments: USDJPY forex cross, EURUSD forex cross, GBPUSD forex cross, British Pound Futures, Yen Futures, Euro Currency Futures
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Sep 17, 2014
Sep 16, 2014
The U.S. Dollar Rally Will Be Short Lived
I haven`t been bearish on the stock market even though I am bearish on the U.S. Economy. I have been bearish on the on the U.S. Dollar, the dollar has rallied recently but I think that is going to be short lived.
The problem is the Federal Reserve will keep on doing one monetary policy mistake after another, they are going to destroy the value of money which means nominal stock prices have to go up. But don`t confuse that with a vibrant economy.
Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
The problem is the Federal Reserve will keep on doing one monetary policy mistake after another, they are going to destroy the value of money which means nominal stock prices have to go up. But don`t confuse that with a vibrant economy.
Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF)
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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