"W" Bottom In The Oil Price

I have been talking about the rebound in oil prices. This week oil prices moved above 57 dollars. It may not sound like a lot, as we were paying 100 dollars a barrel but oil bottomed out at 42. So, percentage wise, that`s a pretty big move. And I think we are forming a very, very sizable "W" bottom in the oil price.

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 Consensus On The U.S. Economy Is Wrong

The markets have been volatile but the news again, what little did we have, has been bad. On Monday we got the Chicago Fed National Activity Index and once again everybody was expecting a bounce back because last month the index dropped. It was down 0.11% and the consensus was that it would rebound to +0.15%.

It always seems to be the consensus, I am sure they are looking for a bounce back in April...

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 Federal Reserve Will Tolerate Inflation

The Federal Reserve can talk about why it might raise interest rates in response to a higher inflation but it is never going to do it. It`s going to tolerate a higher inflation just like it tolerated the lower unemployment. They are going to move that 2 percent goal post further and further away every time they approach it but people still haven`t figured that out.

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