Dollar Bulls Are Wrong

I wonder how far the stock market has to fall before it dawns on some of these dollar bulls that the Federal Reserve is not going to raise rates. If we are in a bear market, is the Federal Reserve going to raise rates? I do not think so. If the Dow Jones Industrials Index drops 20 percent, are they going to kick the market in the groin while it is lying on the ground? Do they want the market going down 50 percent? Especially when the foundation of the recovery is the wealth effect from the stock market and the housing market.

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 Stock Market Could Drop Precipitously From Here

The markets are going to continue under pressure, the stock market could drop precipitously from here if this idea of a rate hike is not taken off the table by the Federal Reserve. Remember, the last time we had a significant correction in the stock market, the only thing that stopped it from turning into a bear market was a statement from a Fed Governor that QE4 was being considered.

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 Going To Have To Come Out

Janet Yellen has let the market assume that they are about to raise interest rates. She has not done anything to distract them. She is going to have to come out and actually tell people, "The economy is weak, we are not going to raise rates."

Maybe she is going to have to waive the white flag and surrender if she wants to stop the carnage in the markets.

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