What The Federal Reserve Will Do Now

The bottom line is everybody is excited now because we are getting more money printing from Europe and possibly from japan too. That is what is driving everything but it is not over until the Fat Lady sings.

Janet Yellen is going to have to join the chorus. And it is not just about maybe the Fed is going to slow down their tightening. Because they are still projecting four interest rate hikes during 2016. The Fed did not even come out and said anything. The last we heard from anybody at the Fed was that the U.S. Economy was in great shape and their opinions have not changed at all since the rate hike. But for some reason Draghi felt compelled to take one for the team, "we are going to spare no expense, there is no mil it to what we are going to do."

The Fed has this credibility problem. I knew they were going to have this problem if they raised rates. They cannot come out and say, "We are going to ear too", they just tightened! The Fed is going to try, I believe, for as long as possible to delay having to admit that they are going to cut rates or do QE4.

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 U.S. Economic Recovery And Higher Rates Cannot Coexist!

What is amazing to me is that people will not see that all these interest rate hikes cannot happen because the U.S. economy is the economy that is the most vulnerable to higher rates. We are the biggest debtors. A U.S. economic recovery and higher rates cannot coexist!

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 Going To Take Interest Rates Negative, Launch QE4

The Federal Reserve is going to try it again. The Fed is going to take interest rates negative and launch QE4 that it is going to be bigger than QE3. But it will be too late to stop this recession from unfolding.

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