The truth is oil prices and stock prices are going down for the same reason. It is not that lower oil prices are causing the market to go down. Both are going down for the same reason and that reason is a slowing global economy including the U.S. Economy and the fact that the Federal Reserve is threatening to slow it even faster by raising interest rates. That is what is driving the market down.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Dec 14, 2015
If The Fed Was Data Dependent They Would Not Be Raising Rates
The economic data is bad. They do not want to acknowledge that. If the Federal Reserve was data dependent they would not be raising rates based on their own criteria, but they do not want to acknowledge what should be obvious. ( Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), 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.
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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