Is Germany Opposing An European QE?

Germany is not just one country. Germany has a lot of weight. And my guess is if the Bundesbank does not want QE, it is not going to happen. It is not like it is going to happen over their objection.

So they are going to have to convince the Germans that QE is necessary and that QE is helpful. And I think that is going to be a very difficult hurdle to overcome.

Related indexes: Dax 30 Index, Eurostoxx 50 Index;

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

Europe: QE or No QE?

The disappointment was that Draghi was not more forthright with, "Yes, we are doing QE for sure, and here is when it is going to start, and these are the particular sovereign bonds we are going to buy." He was still being evasive, he was still saying, "Well, if the circumstances are right, if we feel it is necessary, then maybe we will do it. There`s no guarantees."

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

ECB: Considering Buying Everything Except Gold

Topics: European Central Bank (ECB) asset buying program, gold;

Related trading instruments: SPDR Gold Trust ETF (GLD), Gold Futures

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