They should be raising interest rates but they will not be doing that. They are just bluffing about interest rate hikes because they want to pretend that the economy is actually strong enough to absorb higher interest rates. But the economy is a gigantic bubble and if the Federal Reserve raises interest rates, they are going to prick it.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 3, 2015
Jun 2, 2015
America & Japan: The Central Banks Are Making The Same Mistakes
The central banks are making the same mistakes in both nations (U.S. and Japan), they are printing too much money.
A lack of inflation is not a problem. That is a good thing. Deliberately trying to create inflation, that is one of the reasons that consumers can`t spend because things are too expensive. If you want your consumers to spend, lower prices and then they will spend.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
A lack of inflation is not a problem. That is a good thing. Deliberately trying to create inflation, that is one of the reasons that consumers can`t spend because things are too expensive. If you want your consumers to spend, lower prices and then they will spend.
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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