{"id":41808,"date":"2018-12-19T11:13:12","date_gmt":"2018-12-19T16:13:12","guid":{"rendered":"https:\/\/olduvai.ca\/?p=41808"},"modified":"2018-12-19T11:13:12","modified_gmt":"2018-12-19T16:13:12","slug":"peter-schiff-if-the-fed-doesnt-hike-rates-today-theyll-never-hike-again","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=41808","title":{"rendered":"Peter Schiff: If The Fed Doesn’t Hike Rates Today, They’ll Never Hike Again"},"content":{"rendered":"
\n

Peter Schiff: If The Fed Doesn’t Hike Rates Today, They’ll Never Hike Again<\/span><\/a><\/h3>\n<\/div>\n
\n
\n
\n
\n

Peter Schiff believes that the next stop for interest rates heading into 2019 is going to be directly back to 0%.<\/strong> And in a new podcast<\/a>, Schiff warns that he believes it is going to be QE4 that finally causes the dollar to collapse.<\/p>\n

“The Fed will announce another rate hike tomorrow most likely,” <\/strong>Schiff says.<\/p>\n

“I think that if the Fed hikes rates, there is a very high probability that its the last hike in the cycle. That should remove a headwind from gold.”<\/strong><\/p><\/blockquote>\n

He continued, “If the Fed doesn’t hike rates tomorrow, they’re never hiking them again.”<\/p>\n

In addition to this, Schiff also talked about the price of oil, which tanked into the mid $40 range during trading on Tuesday. Schiff anticipates that another round of quantitative easing and continued inflation will eventually cause the price of oil to move higher. <\/strong>He\u2019s bullish on the commodity and bullish on other commodities that are priced in US dollars for the same reason.<\/p>\n

\"\"<\/a><\/p>\n

Schiff spoke about the price of gold and why he believes the commodity hasn\u2019t been able to catch a bid despite the unrest in the equity markets and among central bankers. On the podcast, he discusses how he believes the volatility in the crypto space has taken away from gold catching a bid for the time being.<\/strong><\/p>\n

Schiff also addresses long time CNBC bitcoin bull Brian Kelly who, earlier this week,\u00a0casually revealed<\/a> that he had been net short the cryptocurrency after years of pumpish “analysis” on it, as well as other alt-coins, when there was nary a skeptical point to be made and the price of Bitcoin\u00a0was a mainstay on the CNBC screen at all times.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n

 <\/p>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Peter Schiff: If The Fed Doesn’t Hike Rates Today, They’ll Never Hike Again Peter Schiff believes that the next stop for interest rates heading into 2019 is going to be directly back to 0%. And in a new podcast, Schiff warns that he believes it is going to be QE4 that finally causes the dollar […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[303,431,534,963,3650,4318],"class_list":["post-41808","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-interest-rates","tag-monetary-policy","tag-peter-schiff","tag-us-federal-reserve","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41808"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41808\/revisions"}],"predecessor-version":[{"id":41809,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/41808\/revisions\/41809"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}