The Rallies Will Not Be Sustainable

We can get rallies in the stock market but they are not going to be sustainable because the Federal Reserve is going to have to join this party. The Fed will need to come to the aid of the markets with new stimulus. Just delaying the rate hike is not going to do it. They actually need to deliver more stimulus, the Federal Reserve has to be in the game, the Fed has to join the other central banks in providing fresh stimulus. They have to cut interest rates, they have to go back to Quantitative Easing (QE). And until they acknowledge that the markets are never going to be able to make much.

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 U.S. Economy Is Not Getting Better, It Is Getting Worse

The economy is not getting better, it is getting worse. We are in a recession or about to enter one and the economic data continues to prove that. (iShares Russell 2000 Index ETF (IWM), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ))

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 Stock Market Has Not Been Going Up For The Past Year

The stock market and the economy are very different animals. A recession refers to economic activity or economic growth it does not matter what happens to the stock market.

Now, the stock market has not been going up for the past year and in fact if you look at the average stock, the average stock has been falling for two, two and a half years. In fact, I think better than 50 percent of all stocks in the S&P 500 Index are now down more than 20 percent from their peaks.

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

U.S. Elections & The Stock Market

Everybody likes to say "the markets hate uncertainty". What the markets like less than uncertainty is certainty when certain is bad and there is a lot of bad policy that is coming and that is a certainty. I also think we are back in a recession.

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

We Have A Bubble Economy That Needs Zero Or Even Negative Interest Rates

The economy never covered it actually got sicker thanks to the Federal Reserve which is the reason why the Fed cannot raise interest rates, the reason why when they tried to raise rates it was a complete failure!

Because it is the cheap money the only thing that is keeping this bubble economy going. We do not have a legitimate recovery that can withstand higher interest rates. We have a bubble that needs zero percent interest rates or even negative rates at this point and more QE.

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 Cannot Raise Interest Rates

The Federal Reserve cannot raise interest rates but cannot admit that. So it pretends that if inflation picked up they would do something about it but they will do nothing about it. It does not matter how high inflation goes, 2.5 percent, 3 percent, 4 percent , 5 percent...it does not matter.They Federal Reserve will stay at zero or practically at zero. They will not try to reign it in because if they tried they would cause a worse financial crisis than 2008. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV))

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