Think about this, if Janet Yellen is saying, we are only going to raise interest rates if we can do it without hurting the economy, then she is admitting that they are never going to raise interest rates because it is impossible to raise interest rates without hurting the economy. Especially given how long they have been at zero.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 20, 2015
Canadian Dollar: Why Is It Falling?
The reality is interest rates in the United States are still below interest rates in Canada and I think they will remain below interest rates in Canada for 2016 as well.
Meanwhile, yes, they have reduced their forecasts for growth in Canada but it may well be that Canadian growth even though its slower it could still outgrow the United States in 2015.
So, why is the Canadian Dollar is getting hammered? Because Canada is easing, they cut interest rates and the Federal Reserve is perceived to be tightening even though they haven`t tightened at all, even though monetary policy in America is easier than it is in Canada yet somehow the Federal Reserve is getting credit for being tight.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Meanwhile, yes, they have reduced their forecasts for growth in Canada but it may well be that Canadian growth even though its slower it could still outgrow the United States in 2015.
So, why is the Canadian Dollar is getting hammered? Because Canada is easing, they cut interest rates and the Federal Reserve is perceived to be tightening even though they haven`t tightened at all, even though monetary policy in America is easier than it is in Canada yet somehow the Federal Reserve is getting credit for being tight.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Interest Rates Going Up Will Result In A Financial Crisis
You have a bunch of people who believe that a bubble is a recovery. The same people that did not know about the dot com bubble in the 1990`s or the real estate bubble. They believe that what the Federal Reserve has inflated is a legitimate recovery. It is not.
Interest rates going up will result in a worse financial crisis than 2008. It should be obvious but for most people it is 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.
Interest rates going up will result in a worse financial crisis than 2008. It should be obvious but for most people it is 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.
Jul 18, 2015
Markets: Gold, Interest Rates
Trading tickers: SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), 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.
Jul 17, 2015
Video: Germany Sends A Message To Other Countries
Trading ticks: National Bank of Greece (NBG), Euro Currency Futures, EuroStoxx 50 Index, Dax 30 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.
Jul 15, 2015
China: Their Biggest Problem
The real fundamentals of the Chinese economy are much sounder than it is generally perceived.
Are there problems? Yes.
What is the cause of these problems? Their monetary policy. That is the biggest problem. It is too loose, their interest rates are too low, they are printing too much money.
Why are they doing that? Because they are trying to maintain their peg to the U.S. Dollar, they are trying to keep their currency down and when you do that you get bubbles. You get people looking for alternatives because they can`t get enough interest on their savings so they chase the real estate market, they chase the stock market, this is happening in China too.
But beneath the these bubbles is a legitimate economy that is producing, that is growing. You have savings, you have investment, you have real legitimate economic growth - something that is missing in the United States.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Are there problems? Yes.
What is the cause of these problems? Their monetary policy. That is the biggest problem. It is too loose, their interest rates are too low, they are printing too much money.
Why are they doing that? Because they are trying to maintain their peg to the U.S. Dollar, they are trying to keep their currency down and when you do that you get bubbles. You get people looking for alternatives because they can`t get enough interest on their savings so they chase the real estate market, they chase the stock market, this is happening in China too.
But beneath the these bubbles is a legitimate economy that is producing, that is growing. You have savings, you have investment, you have real legitimate economic growth - something that is missing in the United States.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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