Trump talked about the fact that if interest rates go up we cannot afford to service the debt. He is a low interest rate guy, we wants to keep interest rates low and the main problem with higher rates other than what he believes would be a strong U.S. Dollar (I disagree with him there) but on the fact where he talked about that high interest rates, he said we cannot afford high interest rates so we have to be very careful because if we raise interest rates even a little bit, even a one percentage point increase would be a disaster because we do not have the money to pay. And he is right! We do not!
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
May 10, 2016
May 9, 2016
Retail Sales Are Horrible
We got these year-over-year same store sales and they were horrible. I think every single company that reported sales missed estimates and some missed by a mile! So retail sales are horrible!
Related stocks: Wal-Mart (WMT), Starbucks (SBUX), Target Corporation (TGT), Macy's (M), J C Penney Company Inc (JCP)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related stocks: Wal-Mart (WMT), Starbucks (SBUX), Target Corporation (TGT), Macy's (M), J C Penney Company Inc (JCP)
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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