Federal Reserve`s Next Moves

I believe they are not going to follow through with a tapering timetable. What they are more likely to do is increase the amount of monetary stimulus they inject into the economy. They will be doing a lot more than 85 billion dollars, not less. And it`s not good that they are doing this. It`s bad but it`s what the Fed is going to do because it`s the only way to keep the bubble from imploding.

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