The U.S. Economy Is Rapidly Decelerating

The U.S. Economy is rapidly decelerating, I think without QE4 we will be back in recession. Now the Federal Reserve should allow that recession, it is going to be horrible, there is going to be a worse financial crisis than in 2008 but they will not do it. They will go back to the well and launch QE4, another question is, will they be able to bluff their way to QE5.

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. Debt: Why The Federal Reserve Needs To Keep Rates Low

We don`t want to admit that we are insolvent so we have to raise the debt ceiling, so that we can continue to pretend that we can afford to pay the debt back, when it is impossible. In fact the debt is now so large, not only can`t we afford to repay it, we can`t even afford to service it if we have to pay a market rate of interest, which is why the Federal Reserve has to keep interest rates as low as possible for as long as possible.

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 Forex Markets Are Ignoring The Darkening Economic Picture Of The U.S.

The foreign exchange markets continue to ignore the darkening economic picture of the United States. The dollar enjoyed, I think, one of its best weekly gains in years, in fact it is the best 2 week gain for the U.S. Dollar Index since the financial crisis of 2008.

I keep hearing people talk about, 

Well, you know, we can ignore all this bad economic data because we got the jobs report. The jobs report is strong, and so therefore the economy must be strong and we can ignore all the economic data that suggests that the economy is weak. Because after all the jobs report says it is strong. 

Well, it seems to be, and I have said this before, that the jobs number looks like the outlier. When all the other data says White, and the jobs report says Black , why is that people are not questioning the validity of the jobs data?

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