You have to put this decline into perspective. Because even though the market is down better than 30 percent in a short period of time, the Chinese market is still positive on the calendar year. The U.S. Market is down. The Chinese market is up.
Related trading tickers: SPDR S&P 500 Index ETF (SPY), iShares FTSE/Xinhua China 25 Index ETF (FXI)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jul 13, 2015
The Strength In The Euro Will Continue
Regardless of how this works, either Greece leaves the Eurozone or caves into the demands and stays in the Eurozone but accepts the austerity that is bullish for the Euro.
Either way, either you get rid of the weakest link or you male the weakest link stronger. But either way the chain gets stronger.
The worst thing for the Euro currency was to cave into the Greek`s demands because you were so afraid of Greece leaving. That did not happen. So I think this strength in the Euro currency (EURUSD) is going to continue.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Either way, either you get rid of the weakest link or you male the weakest link stronger. But either way the chain gets stronger.
The worst thing for the Euro currency was to cave into the Greek`s demands because you were so afraid of Greece leaving. That did not happen. So I think this strength in the Euro currency (EURUSD) is going to continue.
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: Yellen`s Speech & Interest Rates Outlook
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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