I don`t think the economy can sustain itself without QE. Think about how weak the GDP growth has actually been. We have been decelerating because 2013 was below 2012, and 2014 is probably going to be below 2013.
But all those years had QE. So if the economy can barely grow with all the QE, what is going to happen when you take it away?
Related stocks: Bank of America (BAC), citigroup (C), Goldman Sachs (GS), Facebook (FB), Tesla Motors (TSLA), Netflix (NFLX), Twitter (TWTR)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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