They have to keep pretending they can end it at a later date, because they can never end it on any date. They cannot end it without creating a recession, they cannot end it without producing another financial crisis, which means they are not going to end it.
I mean, not on their own terms. That does not mean it is never going to end. It will end, when a currency crisis and a sovereign debt crisis forces it to end. But before that happens, the Federal Reserve is going to come up with one excuse after another which is what I said since they launched QE1!
Related trading instruments: Energy Select Sector SPDR ETF (XLE), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
- ► 2016 (252)
- ► 2015 (344)
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- ▼ October (38)