Oct 27, 2014

The U.S. Economy Is A Disaster

I think the economy is a disaster. And that is why I do not think the Federal Reserve is going to exit. Unfortunately they got QE$ queued up and ready to launch.

They are going to do more quantitative easing, not because it has worked but because it has been an abysmal failure. But they can`t admit it has been a failure, they are going to do it all over again.

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), 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.

Blog Archive