I was really impressed with Peter Shiff's life and biography. And I googled his name and came about a blog where he occasionally writes about the Markets. Fascinating personality.
''Federal Reserve: What The Next Move Will Be
Interest rates have been too low for too long, that is a big problem.
But unfortunately they are not going to be raised anytime soon and
ultimately when interest rates do go up, its not because the Federal
Reserve wants them to go up, but because they have no choice. But I
think the next thing the Fed is going to do is to launch an even bigger
round of QE then the one they are tapering off from. Because the U.S.
Economy is not recovering, we are slipping back into recession. If the
Fed does not know that, it will by the end of the year and it will have
to reverse policy.
Related trading instruments: SPDR Gold Trust ETF (GLD), iShares
Silver ETF (SLV), SPDR S&P 500 Index ETF (SPY), Select Sector
Financial Select Sector SPDR ETF (XLF), 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.''
Schiff On The Markets: Federal Reserve: What The Next Move Will Be: Interest rates have been too low for too long, that is a big problem. But unfortunately they are not going to be raised anytime soon and ult...