Euphoria: The Short Term Effect Of The Monetary Stimulus

What we are seeing in the United States is not economic growth. Is the euphoria that is the short term effect of the monetary stimulus.

But when that wears off, just like any other drug, you have the hell of a hangover and the U.S. is heading right back into recession. In fact we are headed for a worse economic crisis than the one we had in 2008.  

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.