The U.S. Economy Has Never Been In Worse Shape

I think the U.S. Economy has never been in worse shape than it is now. I think the situation is far more dire now than it was 15 years ago. And the only thing is, its so bad that we might not have the collapse that we had because the central bank is so afraid of pricking this bubble that it does`t. We don`t raise interest rates like the Federal Reserve is promising. If the Fed did raise interest rates the markets would collapse. But they may so fearful of that, that they are not going to do 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.

The U.S. Economy Is Not Taking Off, It`s About To Crash Land!

The last time we had 2 months in a row where consumer spending went down, that was 6 years ago. 6 years ago! During the Great Recession, that is how long you have to go back, 6 years to find back-to-back monthly drops in consumer spending.

We keep getting economic data that we have not seen in this country since 2008/2009. That ought to clue you into something. That the economy is not about to take-off, its about to crash land!

Ticker symbols: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)

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

Will The Stock Market Be Cut In Half Again?

Twice in the last 15 years the market has been cut in half. Not just the Nasdaq, but the S&P 500 Index and the Dow Jones  Industrials. Twice in the last 15 years!

Who says it cannot happen a third time?

Related ETFs: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)

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

Stock Market: In Bubbles You Have To Make An Important Decision

Bubbles force you to make an important decision. You either look like a fool before they pop or you look like a fool after they pop. That`s it. And why do I say you have to look like a fool before they pop? Because you are the guy saying it is a bubble, saying it is irrational and you are the one that is not buying the stocks and as the bubble gets bigger and bigger the people that spotted the bubble look like they are fools because they are out of the action, they are not making the money that everybody else is making.

Then of course, the bubble bursts and all the people that thought they were so smart, end up looking really foolish because they lost all their money.

Related stocks: Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Twitter (TWTR), Amazon (AMZN), LinkedIn Corp (LNKD)

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

Stock Market: The Whole Market Is A Gigantic Bubble

I would agree that I do not think the Nasdaq, or technology in particular is as overvalued now, as it was then, certainly compared to the rest of the market. But I think the market in general, not just the Nasdaq or technology, but the Dow Jones Industrials, the S&P 500 Index, I think the whole market is a gigantic bubble and I think the Federal Reserve has supplied a more air into the bubble this time than it did 15 years ago, because it needed to. I mean, it did not really need to, but to create the illusion of prosperity, it was forced to.

I think the U.S. Economy is much more screwed up now than it was 15 years ago, that it required a lot more air to inflate a bubble and there still are going to be dramatic consequences for investors and for the economy, if and when this bubble does in fact burst. And the only way it won`t burst is if the Federal Reserve decides it is really to big to burst and so it prints endless amounts of money.

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

Nasdaq: We Have All These Artificial Props

The Nasdaq would not be here if not for QE, the nasdaq would not be here without zero percent interest rates. It would`t be here without unprecedented stock buybacks fueled by cheap money. We have all these artificial props that have lifted up the market and there is no way to sustain the market without these props. The Federal Reserve is talking about normalizing interest rates, shrinking its balance sheet, it cannot do that without pricking this bubble and collapsing the market. Now, maybe they won`t do that, maybe they will launch QE4. That is what I think they are going to do and maybe the market will not collapse, but when that happens, the dollar will. The dollar is being propped up by the idea that the Federal Reserve is going to hike rates.

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

Nasdaq 5,000.

This time around its not really a tech bubble, its just the entire U.S. Economy is one gigantic bubble and that is what makes it so much more frightening for the economy and for investors. Remember, within a year of the Nasdaq first getting above 5,000 points, it dropped 4,000 points. We had a eighty percent decline. And so, people need to be cognizance of the risks when you get into the market at these levels.

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. Economy: Construction Spending Plunges

More evidence of a weakening U.S. Economy. Construction Spending just saw the biggest decline in eight months.

Related: SPDR S&P 500 Index ETF (SPY), SPDR S&P Homebuilders (ETF) (XHB)

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

Stock Market: Investor Delusion

Topic: The stock market keeps making new highs despite the weakening economic fundamentals.

Related trading instruments: Facebook (FB), Twitter (TWTR), PaloAlto Networks (PANW), Tesla Motors (TSLA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)

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

Investing: Nothing Looks Attractive In The U.S.

Topics: There are no attractive investments in the United States right now. The U.S. bond market is in a big bubble.

Related ETFs: ProShares UltraShort Lehman 20+ Year ETF (TBT), iShares Barclays 20+ Year Treasury Bond ETF (TLT)

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

Very Dangerous To Be Buying U.S. Stocks

Topics: The danger of buying U.S. stocks right now and the dangers of holding U.S. Dollars.

Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA), Netflix (NFLX)

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

Stocks Are In A Bubble

Topic: The stock market is in a bubble and the Federal Reserve knows it.

Related ETF: SPDR S&P 500 Index ETF (SPY)

Related stocks: Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Twitter (TWTR)

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

Chicago PMI Crashes

Topics: Another economic data point that disappoints; Chicago PMI comes well below expectations,

Related trading instruments: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), Nasdaq 100 Futures, E-mini S&P 500 Index 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.

If The Fed Raises Interest Rates, They Will Prick The Asset Bubble

Topics: What are the Fed`s real intentions on interest rates?

Related trading instruments: SPDR Gold Trust ETF (GLD), Gold Futures, SPDR S&P 500 Index ETF (SPY), E-mini S&P 500 Index Futures, Nasdaq 100 Futures, Nasdaq 100 Index ETF (QQQ)

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

Initial Claims: More Evidence Of A Weakening U.S. Economy

Topics: more evidence of a weakening U.S. economy; Initial Claims miss estimates;

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), Apple (AAPL), Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX)

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 Fed Can`t Exit The 0% Interest Rate Policy

Topics: The long term implications of the zero percent interest rates policy;

Related trading instruments: Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares MSCI Emerging Markets Index ETF (EEM)

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

Gold: Chinese Consumption Is Bullish

Topics: High Chinese gold consumption is very bullish for gold prices;

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

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

Grexit: Maybe It Will Have The Opposite Effect

Maybe a Greek exit, Grexit or whatever they are calling it, will have the opposite effect that people expect. Rather than causing other countries to leave, it might cause other countries to get their act together.

Related trading instruments: National Bank of Greece (NBG), Ibex 35 Index, MIB 30 Index, PSI 20 Index, EURUSD;

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. Economy: More Signs Of Weakenss

U.S. Economy outlook: Philly Fed data comes below expectations; More signs of a weakening economy;

Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM)

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

Gold Buyers Are Preparing For The Future

Related stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

Related Exchange Traded Funds: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

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. Markets: The Federal Reserve Is Pretending The Recovery Is On Track

Related trading instruments: SPDR S&P 500 Index ETF (SPY)

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

Stocks: The Overall Trend Is Weaker Earnings

A huge rally going on in the U.S. stock market, but this rally is coming despite weak corporate earnings, earnings downgrades coming from companies, companies issuing warnings that their earnings are not going to meet expectations. There have been some stocks that have reported better than expected earnings, but the overall trend is weaker earnings and of course many companies are using the dollar as an excuse to why their earnings are down.

Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), Apple (AAPL), Facebook (FB), Amgen (AMGN)

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

Empire State Manufacturing Index: Employment & Future Business Conditions Weakened

Topics: Future business conditions worsened by the most in six years in the Empire State Manufacturing report;

Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ)

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

India Can Rally The Gold Market

Topics: If India lowers its gold tax, it may cause a big rally in gold prices;

Related stocks: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), NovaGold (NG)

Related ETFs: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

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

Stocks Are Making New Highs But Fundamentals Are Weak

Topics: The U.S. stock market is trading at record highs despot the weakening economic fundamentals;

Related Exchange Traded Funds: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ),

Related stocks: Apple (AAPL), Facebook (FB), Twitter (TWTR), Tesla Motors (TSLA)

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

What Wall Street Is Ignoring Right Now

Topics: Wall Street is ignoring all the evidence that points to a weakening U.S. Economy;

Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)

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

Central Banks Are Buying A Lot Of Gold

Topics: Central Banks are still buying gold at record amounts;

Related stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

Related ETFs: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX),

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. Stocks: Marching Higher Despite Weak Economic Data

Topics: U.S. stocks continue to march higher, despite bad economic data (Initial Claims and Retail Sales)

Related ETFs: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), Energy Select Sector SPDR ETF (XLE), SPDR Dow Jones Industrial Average ETF (DIA)

Related stocks: Apple (AAPL), Cisco Systems (CSCO), Exxon Mobil (XOM)

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

Eurozone: Greece Has Little Choice

Topics: Greece has little choice and should not leave the Euro

Related stocks: National Bank of Greece (NBG)

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

Next Crash: The Farther Off, The Worse It Will Be

Topics: the next stock market crash;

Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Direxion Large Cap Bull 3X Shares ETF (SPXL)

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 Gigantic Bubble Will Burst

Topics: The gigantic bubble will burst and paper wealth will be destroyed;

Related trading instruments: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)

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

Shake Shack (SHAK) IPO: Another Sign Of A Stock Market Peak

Topics: the crazy valuations on the Shake Shack (SHAK) IPO is just another crazy story that usually happens around stock market peaks;

Related stock: Shake Shack (SHAK)

Related Exchange Traded Funds: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)

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

I Don`t Believe The Economy Is Strong

Topics: The idea that the Federal Reserve will raise interest rates is driving the markets,  the US dollar and gold;

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX)

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

Is The Economy Getting Stronger Or Weaker?

Topics: The strength of the U.S. Economy

Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), EURUSD, Euro Currency 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.

Central Banks Will Succeed In Creating Inflation, Not Economic Growth

Topics: Central Banks will not be able to create economic growth but they will create inflation;

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), iShares Silver ETF (SLV)

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 Bulls Are Wrong

Topics: the U.S. Dollar is rising on a false assumption;

Related trading instruments: USDJPY, EURUSD, AUDUSD, Euro Futures, Australian Dollar Futures, Canadian Dollar Futures, Japanese Yen 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.

The Most Crowded Trade

Topics: Forex trading, the U.S. Dollar is the most crowded trade at the present time;

Related trading instruments: EURUSD forex cross, AUDUSD forex cross, USDJPY forex cross;

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

A Down Year In The U.S. Stock Market?

In January, thus far this year the Dow Jones Industrials is down 3.5%. The S&P 500 Index a little bit better, only down 3 percent. They have something called the January indicator, or the January Effect, they say, "As goes January, so goes the rest of the year."

I do not how how much validity is there, I do not know how accurate that barometer is. I think it was more accurate in the past, than in the last 10 or 20 years, but , regardless of the January effect, there are plenty of reasons to believe that this would be a down year in the U.S. stock market.

Related trading instruments:  SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)

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

More Evidence Of A Weakening Economy

Topics: The U.S. Economy is weakening, ISM Manufacturing Index plunges;

Related Exchange Traded Funds: SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM)

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. Economy: What Will Happen To Growth When Interest Rates Rise?

Topics: U.S. Economy outlook, zero percent interest rates and QE;

Related trading instruments: SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)

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. Economy: Going Back Into Recession

We are just going back into recession in the United States and it is not just that the Federal Reserve is not going to raise rates, they will have to do QE4 to keep us out of recession. Of course they should not do it, they should allow the recession.

Related trading instruments: EURUSD forex cross, SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)

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

Economic Forecasting: Central Bankers Make The Weathermen Look Good

Topics: Central Banks are not good at economic forecasting;

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

Wall Street Is Bearish On Gold

Topics: Wall Street strategist are mostly bearish on Gold but the precious metal will probably keep on rallying;

Related stocks: Newmont Mining (NEM), Goldcorp (GG), Newmont Mining (NEM), NovaGold (NG)

Related Exchange Traded Funds: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

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

Gold Prices About To Hit All Time Highs In Many Major Currencies

Topics: A gold bull market in almost every major currency except the U.S. Dollar;

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

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

Central Banks Are Hoarding Gold And Silver

Topics: Central Banks are hoarding gold and silver;

Related Exchange Traded Funds: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX)

Related stocks: Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

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

Wall Street: Weak Corporate Earnings and Bad Economic News

Topics: Earnings season and weak economic data;

Related stocks: Microsoft (MSFT), Caterpillar (CAT), Procter & Gamble (PG)

Related exchange trade funds: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)

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. Economy: Durable Goods Orders Collapsed

Topics: A weakening U.S. Economy;

Related Exchange Traded Funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)

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

European QE Will Result In Slower Economic Growth

Topics: analyzing what the end result of the European QE will be;

Related indexes: Dax Index, CAC 40 Index, Eurostoxx 50 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.

Gold: Up More Than 10% In 2015

Topics: A bullish move on gold prices

Related Exchange Traded Funds: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

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

Gold Is Surging In Euros

Topics: Gold is surging against the Euro

Related trading instruments: EURUSD forex cross, SPDR Gold Trust ETF (GLD)

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