Canadian Dollar: Why Is It Falling?

The reality is interest rates in the United States are still below interest rates in Canada and I think they will remain below interest rates in Canada for 2016 as well.

Meanwhile, yes, they have reduced their forecasts for growth in Canada but it may well be that Canadian growth even though its slower it could still outgrow the United States in 2015.

So, why is the Canadian Dollar is getting hammered? Because Canada is easing, they cut interest rates and the Federal Reserve is perceived to be tightening even though they haven`t tightened at all, even though monetary policy in America is easier than it is in Canada yet somehow the Federal Reserve is getting credit for being tight.

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

Interest Rates Going Up Will Result In A Financial Crisis

You have a bunch of people who believe that a bubble is a recovery. The same people that did not know about the dot com bubble in the 1990`s or the real estate bubble. They believe that what the Federal Reserve has inflated is a legitimate recovery. It is not.

Interest rates going up will result in a worse financial crisis than 2008. It should be obvious but for most people it is not.

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