by Peter Schiff, Schiff Gold:

The Fed has talked a big game lately. Many people (including me) assumed the Fed would fold a long time ago. There is a very good reason — the Fed will crush the economy and the US Treasury with higher interest rates.

In reality, the Fed is holding a losing hand and trying to bluff its way to victory.

The following analysis is by SchiffGold’s data analyst.

So far, the Fed has defied the skeptics, stuck to its guns, and pressed forward. Despite the hawkish stance, we can actually still be sure the Fed is bluffing.