Stock Market: This Is Not A Lasting Bottom

We are not going to get a lasting bottom until the Federal Reserve makes that bottom. It is not going to be a Jamie Dimon bottom, it is going to be a Janet Yellen bottom. I think it is exactly what we are going to have to do to get a real low in this market. Remember, every single decline that the market has experienced since 2009, the bottom has been set by the Federal Reserve, not by individuals trying to pick it. It has been the Federal Reserve forming that bottom by coming to the rescue with interest rate cuts, QE programs, operation twist, hinting about another QE program. And so far the Federal Reserve has done none of that.

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. Dollar: The Only Reason it Rose And Why Its Now Falling

The only reason that the U.S. Dollar has risen these past few years, although it is now falling so far in 2016, but the reason it rose was because everybody was convinced that what the Federal Reserve did actually worked, that we had a real recovery, that the Federal Reserve was going to be able to raise interest rates. I knew all along that it was not true!

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

Markets: U.S. Stocks, The Economy

What really should get people nervous about the economy is the economy! The economy is really sea, it is one of the reasons the stock market is going down, the other one is of course that the Federal Reserve pricked the bubble and the air is coming out. (Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM))

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