The big story is going to be the tapering out of the emerging economies, the tapering out of China. I think China really wants to back down on its U.S. Treasuries purchases, maybe even start unwinding, actually shrinking its balance sheet. And if emerging markets are selling Treasuries if investors are selling, who is left to buy? The only one left is the Federal Reserve.
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 30, 2013
Dec 28, 2013
U.S. Economy: The Highest Rate We Can Afford Is Zero
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.
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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