Donald Trump On U.S. Debt, Interest Rates

Trump talked about the fact that if interest rates go up we cannot afford to service the debt. He is a low interest rate guy, we wants to keep interest rates low and the main problem with higher rates other than what he believes would be a strong U.S. Dollar (I disagree with him there) but on the fact where he talked about that high interest rates, he said we cannot afford high interest rates so we have to be very careful because if we raise interest rates even a little bit, even a one percentage point increase would be a disaster because we do not have the money to pay. And he is right! We do not! 

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

Retail Sales Are Horrible

We got these year-over-year same store sales and they were horrible. I think every single company that reported sales missed estimates and some missed by a mile! So retail sales are horrible!

Related stocks: Wal-Mart (WMT), Starbucks (SBUX), Target Corporation (TGT), Macy's (M), J C Penney Company Inc (JCP)

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

Why The Federal Reserve Will Not Raise Interest Rates

The economic data is just too weak and the election too close for the Federal Reserve to actually take a chance at raising interest rates again given what a big disaster it was when it raised interest rates in December. (SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), 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.