The Government Just Made The U.S. Dollar Even Less Desirable

As if the U.S. Dollar did not have enough trouble, the government just made the U.S. Dollar even less desirable by increasing the regulatory burden on everybody around the world that makes transactions in U.S. Dollars. FATCA, the Patriot Act and all those anti money laundering laws, it is very difficult now globally to bank and transact in U.S. Dollars.

Related trading instruments: EURUSD forex cross, USDJPY forex cross, AUDUSD forex cross, GBPUSD forex cross;

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

Consumer Comfort Index Is Making A Record-Breaking Losing Streak

Bloomberg`s Consumer Comfort Index fell to its lowest level since November, extending its record-breaking losing streak to nine consecutive weeks!

Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY)

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. Economy: Plunging Profits, Productivity & Rising Labor Costs

If you have plunging corporate profits, you have plunging productivity, surging labor costs, what would a rational person believe is likely to follow, layoffs! It has to happen.

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