December 1, 2011

When Will The Federal Reserve Have A Change Of Heart?

It’ll take a crisis. We’re not going to do it differently until there is no other choice, until there is a full-on sovereign debt crisis where U.S. Treasury prices, long term, are really under pressure and the dollar is falling fast, and prices are really soaring.

That’s when the Fed will potentially do the right thing. But as long as it can delay doing the right thing, it will. And that ultimately means that doing the right thing will be that much more painful for the economy because of how long the Fed will have delayed. - in Index Universe

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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.

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