Saturday, October 26, 2013

[Video] Economy That Lives by QE, Dies by QE

“The Fed’s actually going to do the opposite of tapering – they’re going to up the dosage [of QE]. It’s going to end when there’s a currency crisis. When the dollar collapses and then that morphs into a sovereign debt crisis – that’s going to force the Fed’s hand. But until then, it’s just going to pretend there’s an exit…”

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Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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