Markets: No Matter What Happens We Are Pretty Much Screwed

Its a problem if the Federal Reserve raises interest rates but they also acknowledged that it is a bigger problem if the Federal Reserve does not raise interest rates. If they raise interest rates they prick the bubble, if they don`t raise interest rates the bubble gets bigger and eventually it pops. So no matter what happens we are pretty much screwed.

(Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Barclays Capital High Yield Bnd ETF (JNK), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), 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.

Hedge Fund Managers Criticize The Federal Reserve

There was this conference in New York this week, the Delivering Alpha conference and there was a lot of coverage in the press because a lot of high profile hedge fund billionaires were speaking very negatively about the Federal Reserve.

What they were saying was that the Fe`s policy of zero percent interest rates and quantitative easing have been a failure, that they had not delivered the economic growth that was promised, that actually they undermined economic growth and undermined capital investment and as a result of what the Fed has done the economy has grown less than it would have had they not done 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.

All It Takes To Collapse The Markets

Just the mere possibility of a minuscule interest rate hike (0.25%) is all it takes to collapse this stock market. (SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), Nasdaq 100 Futures)

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