PETER SCHIFF

PETER SCHIFF

Monday, January 20, 2014

The 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 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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