Russia: Central Bank Raises Rates To 17%!

Related exchange traded funds: Market Vector Russia ETF Trust (RSX), iShares MSCI Emerging Markets Index ETF (EEM);

Topics: Ruble crisis, Crude Oil downtrend;

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: More Evidence Of Economic Contraction

Topics: U.S. Economy, Empire State Manufacturing Index (December)

Related exchange traded funds:  Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), 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.

Stock Market: Technicals Look Pretty Weak

The technicals in these markets look pretty weak. Remember we rallied very far, very quickly and now we are in a kind of no man`s land. If you look at some of these charts there is a lot of air beneath the market before you get some real technical support. So certainly there is the potential for another big decline in the markets.

Related exchange traded funds: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM)

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