U.S. Economy: The Weakest Its Been Since The 2008 Financial Crisis

We now have 5 consecutive monthly declines in Durable Goods ex-transportation. The last time that happened was during the months surrounding the 2008 financial crisis. So, yet again, we have more evidence that the U.S. Economy today is the weakest it has been since the depths of the 2008 financial crisis.

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 Is Not Going To Let The Stock Market Go Down

The reason that a weak stock market is going to be bad for the dollar and good for gold is because it means the Federal Reserve is more likely to either not raise interest rates or launch QE4.

I think the only way the Federal Reserve can prevent a stock market correction from turning into a bear market is by launching QE4. Unless we do that, we will have a bear market which is another reason why I am certain we are going to get QE4 because the Federal Reserve will not allow a bear market because it has built this recovery on asset bubbles, it is not going to let the stock market go down.

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

Forex: The U.S. Dollar Has Been Drifting Lower

The dollar has been continuing to drift lower ever since Janet Yellen removed the word "Patient" last week and inserted a more patient attitude even though the word is not there.

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