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.
Jan 20, 2014
Jan 19, 2014
Video: QE Is Preventing The Needed Economic Reestructure
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jan 16, 2014
We Will Have A Crisis Early In The Yellen Term
The Bernanke bubble is bigger than the Greenspan bubble. The monetary policies pursued by Bernanke were far more reckless than the ones pursued by Greenspan and therefore the bubble is much bigger. And therefore the damage to the economy when it pops will be much bigger.
We are going to have another crisis early in the Yellen term that will be bigger than the crisis that we had early in the Bernanke term (2008 financial crisis) and Wall Street and the government are equally as prepared. They will be equally blind sighted.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
We are going to have another crisis early in the Yellen term that will be bigger than the crisis that we had early in the Bernanke term (2008 financial crisis) and Wall Street and the government are equally as prepared. They will be equally blind sighted.
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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