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Peter Schiff Says to Arbitrage the Fed
by Daily Bell Staff
The Daily Bell
Peter Schiff: The Fed Has Created A “Bad Is Good” Economy … The downright dismal September jobs report that was released last Friday may prove to be the flashing red beacon that even the most skilled apologists can’t explain away. The report should make it abundantly clear that we are far closer to recession than recovery … I expect that once the threat of rate hikes is finally and officially taken off the table, the Wall Street rally will continue. But those gains will be attenuated by a weaker dollar and depressed earnings by domestically focused companies. In that case, it may be better to search for stocks outside the dollar and for the potential benefit of rising share prices and a rising currency. – ETF Daily
Dominant Social Theme: The Fed knows. It’s the greatest invention since money.
Free-Market Analysis: This is a longish article, but it makes a significant point – that the market has already “priced in” a rate hike and investors can take advantage of that.
Call it the “Fed arbitrage.”
Continue Reading at TheDailyBell.com…
Source: http://financialsurvivalnetwork.com/2015/10/peter-schiff-says-to-arbitrage-the-fed/?utm_source=rss&utm_medium=rss&utm_campaign=peter-schiff-says-to-arbitrage-the-fed
