Everybody is wrongly anticipating that the Federal Reserve is going to tighten. They believe that Quantitative easing has worked, that zero percent interest rates have worked and because they worked, they are no longer needed.
Well, the fact of the matters they are needed now more than ever before. Because they did not work in creating a legitimate economic recovery, all they did was inflate a big bubble. And you cannot keep the bubble inflated without the air. So, the Federal Reserve cannot suck the air out of the bubble and expect it to keep expanding.
Related exchange traded funds: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Nov 11, 2014
Nov 10, 2014
America: Raising Taxes And Demonizing The Successful
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Monetary Policy: There Is No Exit Strategy
When they figure out that there is no exit strategy, that exit from this monetary policy is impossible, that it really is Qe-infinity, that interest rates will have to stay at zero forever. No matter how high inflation gets, than its a game changer and the bottom will drop out of the U.S. Dollar.
Related trading: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), EURUSD forex cross, AUDUSD forex cross, USDJPY forex cross
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related trading: SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), EURUSD forex cross, AUDUSD forex cross, USDJPY forex cross
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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