The U.S. Economy Is Rapidly Decelerating

The U.S. Economy is rapidly decelerating, I think without QE4 we will be back in recession. Now the Federal Reserve should allow that recession, it is going to be horrible, there is going to be a worse financial crisis than in 2008 but they will not do it. They will go back to the well and launch QE4, another question is, will they be able to bluff their way to QE5.

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. Debt: Why The Federal Reserve Needs To Keep Rates Low

We don`t want to admit that we are insolvent so we have to raise the debt ceiling, so that we can continue to pretend that we can afford to pay the debt back, when it is impossible. In fact the debt is now so large, not only can`t we afford to repay it, we can`t even afford to service it if we have to pay a market rate of interest, which is why the Federal Reserve has to keep interest rates as low as possible for as long as possible.

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 Forex Markets Are Ignoring The Darkening Economic Picture Of The U.S.

The foreign exchange markets continue to ignore the darkening economic picture of the United States. The dollar enjoyed, I think, one of its best weekly gains in years, in fact it is the best 2 week gain for the U.S. Dollar Index since the financial crisis of 2008.

I keep hearing people talk about, 

Well, you know, we can ignore all this bad economic data because we got the jobs report. The jobs report is strong, and so therefore the economy must be strong and we can ignore all the economic data that suggests that the economy is weak. Because after all the jobs report says it is strong. 

Well, it seems to be, and I have said this before, that the jobs number looks like the outlier. When all the other data says White, and the jobs report says Black , why is that people are not questioning the validity of the jobs data?

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

Dollar Bulls Are Wrong

I wonder how far the stock market has to fall before it dawns on some of these dollar bulls that the Federal Reserve is not going to raise rates. If we are in a bear market, is the Federal Reserve going to raise rates? I do not think so. If the Dow Jones Industrials Index drops 20 percent, are they going to kick the market in the groin while it is lying on the ground? Do they want the market going down 50 percent? Especially when the foundation of the recovery is the wealth effect from the stock market and the housing market.

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 Stock Market Could Drop Precipitously From Here

The markets are going to continue under pressure, the stock market could drop precipitously from here if this idea of a rate hike is not taken off the table by the Federal Reserve. Remember, the last time we had a significant correction in the stock market, the only thing that stopped it from turning into a bear market was a statement from a Fed Governor that QE4 was being considered.

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

Yellen Is Going To Have To Come Out

Janet Yellen has let the market assume that they are about to raise interest rates. She has not done anything to distract them. She is going to have to come out and actually tell people, "The economy is weak, we are not going to raise rates."

Maybe she is going to have to waive the white flag and surrender if she wants to stop the carnage in the markets.

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