Liftoff Seen, Despite Weak Global Data

Joe Quinlan, Chief Market Strategist at US Trust-Bank of America Private Wealth Management in New York, discusses the Fed's upcoming decision whether to raise rates, how if at all he has positioned his funds and clients to accommodate either eventuality, the latest collapse in China’s share markets and the disbelief in China data.
He also discusses an interesting school of thought: that in the face of weak global data the Fed might be forced to admit "policy defeat" and go right back to a ZIRP, or perhaps even NIRP policy, ultimately even sliding right back into QE4.
Lastly, he responds to comments by Peter Hambro of the London-listed miner Petropavlovsk in terms of the scant supply of physical gold in London and what this means for fiat currencies.