We are damned if they do raise rates and damned if they don`t. If they do raise interest rates they prick the bubble that they have inflated. Because we have so much debt, the only reason the bubble has not already bursted is because rates are still at zero. So, if they move them back up to 2 or 3 percent, which is still historically very low, given how much debt we have, it is impossible to sustain it.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 6, 2015
United States: If Interest Rates Go Up...
If interest rates go up, we are Greece, we are Porto Rico.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Video: Discussing The Greek Collapse
Related trading instruments: National Bank Of Greece (NBG), EuroStoxx 50 Index, Dax Index;
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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