Peter Schiff : There will be a QE3

Peter Schiff  : How long is the FED going to continue zero interest rates , and is there going to be any hints that there will be a QE3 asks Peter Schiff , Peter believes that There will be a QE3 no matter what they call it , it may not start immediately after QE2 ends but there will not be a big lag . From December of 2010 100 percent of all the bonds that the government have sold have been bought by the federal Reserve , in fact the federal reserve is actually buying more bonds than the government is selling particularly in the last couple of months , the federal reserve is buying all the bonds and some that the treasury is selling . How can the federal reserve step away from the market and not have a big increase in rates ? asks Peter Schiff after all who is going to buy these bonds if not the FED




The U.S. Postal Service Reported a First-Quarter Net Loss of $329 Million