Dec 27, 2013

The Federal Reserve Eased Monetary Policy When They Announced The Taper

First of all, they haven`t even tapered yet. All they have done is to announce an intention to taper in the future and maybe they will actually get started but I actually think they eased monetary policy when they announced the taper because they put so much sugar to coat that bad tasting medicine that we have an easier monetary policy now.

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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