Money manager Peter Schiff says forget about the Fed raising interest rates.
The next move is down. Schiff explains, “I think there is a pretty good chance we’re going to get 0% interest rates before the end of the year, and I think we’re going to get QE4. We will see if the Fed is going to go negative, but they are going to do it eventually.”
On the falling markets, Schiff says, “Every decline, the Fed has come in and either launched another round of QE or hinted that another round of QE is coming. I said if they raised rates in December (2015), they would take that off the table because they would lose too much credibility to go back to QE so quickly. So, that’s why the market keeps falling and the Fed can’t stop it. I got that right.”Help us spread the ANTIDOTE to corporate propaganda.
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