Will The Federal Reserve Do The Right Thing?

Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV)

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

Yellen Is Not Going To Raise Rates

Janet Yellen is not going to raise rates no matter what the economic data is. The data is irrelevant. If the Fed was going to raise rates they would have raised them years ago.The reason they did not raise them years ago and the reason they are not going to raise them now or in the near future is because they can`t. The U.S. Economy can`t afford higher rates.

Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV)

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

What Triggered The Market Sell-Off

The employment cost index jump of 0.7 percent triggered a market sell-off in expectation of higher interest rates. In fact, the Fed can't raise rates.

Related trading instruments: iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)

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