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.
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.
Jan 15, 2014
Video: Debating Bitcoin Versus Gold
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Federal Reserve: Blowing Air Into A Bubble Economy
The only thing that quantitative easing has helped do is exacerbate the problems and reflate the asset bubbles. So, yes it has caused the stock market to go up, it has caused the real estate market to go up but that is masking the problems in the economy. And in fact, we don`t need high stock prices and higher real estate prices. they are already too high. We will never have a legitimate recovery as long as the Federal Reserve is concentrated on blowing air into a bubble economy. That is all they are doing.
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.
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