PETER SCHIFF

PETER SCHIFF

Thursday, April 3, 2014

The Federal Reverse Will Ramp Up QE Again




"They’re going to have to ramp up QE. Janet Yellen is going to slow down and then reverse the taper, crank the presses back up and launch a whole new round of QE, ending up buying more than $100 billion a month in Treasurys and mortgage-backed securities to try to blow air back in to the deflating bubble.

The bubble is already deflating. The economy is already sinking back into recession. So they have to reverse that. The dollar’s going to get killed, because the dollar is being supported based on the false belief that the Fed can unwind its balance sheet, that the Fed can raise interest rates, and that all this can be done and the economy can keep growing, which is all impossible." - in ETF.com



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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