Friday, November 29, 2013

An Economy That Lives By QE, Dies by QE

The Federal Reserve is saying that is only going to take away the punch bowl if the party keeps going. But the party is going to stop if it takes away the punch bowl. That is the predicament that is in. An economy that lives by QE, dies by QE.

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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