Manufacturing is already in recession and that is just going to get worse and obviously this interest rate hike and the belief that the Federal Reserve has got more coming is just going to accelerate this process.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Dec 28, 2015
Dec 23, 2015
The Federal Reserve Will Be Forced To Admit That It Is Wrong
As the economy slows and the Federal Reserve is forced to admit that it is wrong and it is forced to lower interest rates back down to zero and launch QE4, there goes its credibility. They were obviously wrong and they were so wrong that they could not even admit 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.
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 Credibility Bubble Might Be The First One To Deflate
I think the Federal Reserve is getting dangerously close to losing what remains of their credibility. The credibility bubble might be the first one to deflate and it is amazing that after two busted bubbles in the past 15 years the Federal Reserve still has any credibility left. But I think it is going to be the third time the charm or whatever is the opposite of charm for the Federal Reserve when it comes to losing their credibility.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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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