This Is Stagflation

The fact that inflation is heating up just as the economy is cooling down should not be a positive sign. I mean, this is stagflation. Why would they be happy about that? Because all the economic data has been soft and now we have higher inflation.

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

Federal Reserve: Raising Interest Rates Is The Last Thing They Want To Do

They do not want to admit that raising interest rates is impossible without pricking the bubble that that they do not want to admit that exists. So, the last thing they really want to do is to raise interest rates.

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: What She Really Said About Interest Rates

Janet Yellen said that higher rates would be appropriate later this year, she did not say when, she did not say June, she just said later this year, provided that the economy continues to improve along the lines that the Federal Reserve expects. Now, exactly what those lines are, we do not know because the Federal Reserve does not want to tell us because they do not want to put themselves in a corner where they actually have to raise rates.

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