Here we go again.
“The next recession is about to begin and there's a good chance that it's already here or it will begin early in 2017,” Peter Schiff told Newsmax TV’s “The Hard Line.”
My view could change, but I currently see no indications of a recession.
“The only reason the Fed is raising rates is to try to show that they have confidence in the economy, but the reality is they have no confidence in the economy and they're trying to cover up those fears with this symbolic rate hike. But they're going to have to figure out how to reverse course unfortunately. They're going to be doing QE4 next year, they're not going to be raising rates again,” Schiff said.
From my perspective, it is not a lock, but more hikes are likely,