Long term the U.S. Dollar is going down against the Euro currency. Why people are so optimistic on the dollar is because they assume that while the ECB (European Central Bank) is easing, our Federal Reserve is going to be tightening. What they don`t know is while the ECB is easing , our Fed is going to be easing even more.Whatever QE is going to happen in Europe its going to be happening bigger in the United States. So, all this talk about a tighter Federal Reserve, shrinking the balance sheet, raising rates is a bunch of talk. What`s actually going to happen is going to be the opposite.
Related trading instruments: EURUSD forex cross, Globex EUR Futures, Select Sector Financial Select Sector SPDR ETF (XLF), 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.
Sep 9, 2014
Sep 8, 2014
This Is A Stock Market Rally For The 1 Percent
Despite the fact that the Dow Jones Industrials closed at a record high, you have got 21 year lows in CNBC viewership. Why is that?
I have said this before, this is a stock market rally for the 1 percent!
The average american who was in the stock market during the 1990`s they are too broke to invest in the stock market now. You have some wealthy people that are involved but the vast majority of americans, they are spending their money in the supermarket, not in the stock market.
Related trading instruments: Facebook (FB), Twitter (TWTR), Netflix (NFLX), Tesla Motors (TSLA), Exxon Mobil (XOM), Bank of America (BAC), SPDR Dow Jones Industrial Average ETF (DIA)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
I have said this before, this is a stock market rally for the 1 percent!
The average american who was in the stock market during the 1990`s they are too broke to invest in the stock market now. You have some wealthy people that are involved but the vast majority of americans, they are spending their money in the supermarket, not in the stock market.
Related trading instruments: Facebook (FB), Twitter (TWTR), Netflix (NFLX), Tesla Motors (TSLA), Exxon Mobil (XOM), Bank of America (BAC), SPDR Dow Jones Industrial Average ETF (DIA)
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: The Jobs Situation Is Going To Get Lot Worse
The jobs situation is much, much worse than the numbers suggest and I think its going to get a lot worse!
Related trading instruments: SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), 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.
Related trading instruments: SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), 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.
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