U.S. Dollar: The Chinese Recognize The Mistake

The Chinese are recognizing that they have too many U.S. Dollars. They recognize it was a mistake to peg their currency to the U.S. Dollar.

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 American Consumer Is Not Confident

There is nothing to suggest that the American consumer is confident. All of the information shows that he is not confident!

Related stocks: Wal-Mart (WMT), Tiffany`s (TIF), Sears (SHLD), SPDR S&P 500 Index ETF (SPY)

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

Markets: U.S. Dollar, Dividend Paying Foreign Stocks

The U.S. Dollar is falling across the board and that is going to produce spectacular returns outside the United States. So if you want to buy corporate bonds look for companies that are going to pay you in a currency that is not going to go down. But I would rather invest in dividend paying foreign stocks in countries that are going to see substantial appreciation against the dollar but also countries that have much better macroeconomic outlook. (iShares MSCI Emerging Markets Index ETF (EEM))

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