The U.S. Economy Is Addicted To Zero Percent Interest Rates

We have had zero percent interest rates for 6 years. We are addicted to zero percent. We can`t handle even 2 percent even though that is historically low, that is not low enough for the addiction that we have.

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

If The Fed Raises Rates, We Will Have A Worse Financial Crisis Than In 2008

An interest rate hike is not coming into play, actually it has never been on the table. Again, this is all part of the posturing from the Federal Reserve. If they can`t come out and tell the truth, that it is impossible to raise interest rates because then we would be back in recession. In fact, we would have a worse financial crisis than in 2008.

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 Does Not Want The Stock Market To Go Down

People have been reaching for yield in years thanks to the Federal Reserve. Janet Yellen said that stocks are not necessarily overvalued relative to bonds yields. But if the Federal Reserve is going to be raising interest rates, bond yields are going to be rising and then the stock market will have to come down. So, that is why I think the Federal Reserve is not going to raise rates.

I do not think that Yellen wants the stock market to go down because this phony economic recovery is based on asset bubbles and the Federal Reserve is not going to intentionally prick those bubbles.

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