The Credibility Bubble Might Be The First One To Deflate

I think the Federal Reserve is getting dangerously close to losing what remains of their credibility. The credibility bubble might be the first one to deflate and it is amazing that after two busted bubbles in the past 15 years the Federal Reserve still has any credibility left. But I think it is going to be the third time the charm or whatever is the opposite of charm for the Federal Reserve when it comes to losing their credibility.

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 Bond Bubble: Junk Bonds, Treasuries

When rates move up all bubbles are going to burst. The Bond bubble, it is not just junk bonds, there is a bubble in sovereign credit, there is a bubble in Treasuries. (SPDR Barclays Capital High Yield Bnd ETF (JNK), iShares iBoxx $ High Yid Corp Bond ETF (HYG))

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

All The Forward Economic Indicators Are Flashing Recession

The whole economy is nothing but a bubble. We did not have a legitimate economic recovery, we just had a bubble and te bubble needs to be pricked. But if you look at all the forward economic indicators, they are all flashing recession. The only one that is not is the Unemployment Rate which is a lagging indicator.

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