It`s not the economy that is strengthened by QE. The economy is actually inhibited by QE. Quantitative easing is preventing a badly needed economic restructuring that would enable the U.S. economy to actually grow. Instead what we are doing is we are pretending there is growth by inflating bubbles in assets. We have a stock market bubble, we have a real estate bubble, and now we can take that phony wealth and we can turn it into consumption through debt. And that is what is going on. But it`s not legitimate economic growth, you can`t confuse the two.
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 21, 2014
Jan 20, 2014
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.
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 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.
Subscribe to:
Posts (Atom)