Interesting podcast by Peter Schiff. Janet Yellen has admitted that interest rates could stay at zero forever! That's definitely not good.
Apparently, it's true that the fed has no intention to actually raise rates. Yellen's decision to raise rates after the labor market starts to improve is hot air. The labor market isn't going to get any better in the near future. Tune in to hear Mr. Schiff break it all down.
Check out this interview with John Rubino as he gives his take on the stock market.
After Janet Yellen and the Federal Reserve finished there meeting at 11:00am PT today, they decided to leave interest rates unchanged. Will they still raise them in a year? Maybe. What is more likely is QE4 (fourth round of quantitative easing) being initiated, which will only make the situation much worse. After the announcement, the price of USD to EURO began to drop as a result of the Federal Reserve's non-rate hike decision. Gold and Silver prices also made a jump today after the 11am decision.
Check out the Federal Reserve's statement below that was just released and their reasoning behind not raising interest rates at this time.
At 5:00pm PT the GOP presidential debate kicks-off and will be televised on CNN. I'm sure this one will be just as entertaining as the debate back in August.
While watching this tonight, look to see how some of the candidates will handle the heat and if they show the leadership skills necessary to win the election. How will Donald Trump handle round 2? Will there be a bias amongst the journalists of CNN? Will Carly Fiorina emerge? Can Ben Carson show enough emotion?
In the unfortunate event that the Chinese stock market falls 5%, trading would be shutdown for up to a half-hour. Click below to see how China is attempting to hedge against economic turmoil.