“I don’t think [Trump] is going to get re-elected. It’s not impossible. I thought it was far more likely that he was elected originally, but I don’t think his prospects are as great now as they were back then, although, the conventional wisdom is the opposite. Most people thought he had no chance of winning next time and he think he can’t lose this time because they think we have this great economy,” he said.
“I agree, there is a low probability they’re going to cut this week, the Fed seems to be indicating to the markets that it’s going to wait and see, but what the Fed has assured the markets is that under no circumstances will they raise rates,” Schiff said, noting that regardless of economic data, the Fed has only two choices: to keep rates the same or lower them.
Posted by The non-Conformist