Without the support of the Federal Reserve, long term interest rates are headed a lot higher and our economy is too broke to afford it. The highest rate we can really afford is zero at this point and the markets haven`t figured this out yet.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Dec 28, 2013
Dec 27, 2013
The Federal Reserve Eased Monetary Policy When They Announced The Taper
First of all, they haven`t even tapered yet. All they have done is to announce an intention to taper in the future and maybe they will actually get started but I actually think they eased monetary policy when they announced the taper because they put so much sugar to coat that bad tasting medicine that we have an easier monetary policy now.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Video: The Highest Interest Rate We Can Afford Is 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.
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