I do not look for a nominal collapse in real estate prices. But I do look for a real collapse, priced in gold, adjusted for inflation.
Now, if the Federal Reserve actually did what I don`t think its going to do, which is end QE and raise interest rates and unwind its balance sheet, then the stock market would collapse, the real estate market would collapse but that is why they are not going to do it.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Apr 7, 2014
What Is Going To Happen When the Fed Stops Supporting The Economy?
Low paying, part-time, temporary jobs. That is what we got. And is all we are going to get. That is the problem. We are not going to get the types of jobs we need, we are not going to get any improvement on the unemployment front.
And remember this is what the economy is doing with all the Fed`s help. Yes, they have tapered ever so slightly their QE program but the QE program is still here. Interest rates are still at zero and this is the best the economy can do. So, ask yourself, what is going to happen if and when the Fed stops supporting the economy?
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
And remember this is what the economy is doing with all the Fed`s help. Yes, they have tapered ever so slightly their QE program but the QE program is still here. Interest rates are still at zero and this is the best the economy can do. So, ask yourself, what is going to happen if and when the Fed stops supporting the economy?
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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