Oct 23, 2014

Markets Are Slowly Coming To Grips With The Reality

I think the markets are slowly coming to grips with the reality that the exit from QE is not going to be as easy as everybody thought. You know, I heard Dallas Fed Chairman, Richard Fischer on CNBC earlier, calling for QE to end on schedule. But what Fischer does not understand is that you cannot end QE without plunging the U.S. Economy into a severe recession.

It is because of the monetary policy of the Federal Reserve that the U.S. economy is more screwed up now than it has ever been in its history.

Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)

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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