Market Outlook: U.S. Economy, Federal Reserve & Gold

Related ETFs: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

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

U.S. Economy: Outlook For 2014

If the Federal Reserve continues with its taper timetable we will be back in recession. Now, I don`t believe they will continue, I think they will come back with more stimulus which might technically and statistically keep the economy out of a recession. But in reality, I think we are in a depression. I don`t think the U.S. Economy is growing at all.  

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 Real Unemployment Picture

The official unemployment figures are meaningless because there would not be such a big concern if the unemployment rate was really 6.7 percent. Because that does not tell the whole story. So many people have just given up looking for work, they are so discouraged by the poor labor prospects that they are no longer being captured by the statistics or they are working part-time but they really want full-time jobs.

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