The idea is, people thought that QE2 was training wheels on a bike. The Federal Reserve was putting training wheels on the economy, and as soon as the economy could go on its own, they would take the training wheels off.
QE2 isn't the training wheels, it's the only wheels. If you take QE2 away, it will implode. As soon as the market figures that out, that that's the situation our economy is in, that it's completely addicted to zero percent interest rates and endless quantitative easing, that is a major, major problem for the dollar in our economy. QE2 ending is dollar positive but it's not going to end, it cannot end. We'll be in worse financial shape than 2008. - in CNBC Fast Money
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Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.