Tuesday, December 20, 2016

Inflation will rise faster than interest rates

Key points
-Doubts on Fed's credibility and ability to raise rates in 2017
-Fed is less optimistic on economy now than it was a year ago
-Fed has no confidence in the economy, that is why they raised the interest rates so little.
-Gold will rise with higher inflation
-Markets were wrong about Gold last year 2015
-Trump cannot fix all the problems because they are unfixable, the economy is messed up.

Peter Schiff is a smart investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009