Nov 3, 2014

Can The Fed End QE Without Causing Turmoil?

The idea that we can end quantitative easing and that everything is going to be fine... Why did we do QE3? Everybody forgets! We did QE3 because QE2 did not work. Why did we do QE2? Because QE1 did not work. So, why do people think that it will be any different now with QE3? We ended QE3, we ended QE2, we ended QE1. I think we are going to resurrect it again.

Related: SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA)

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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