June 26, 2012

There Is No Short-Term Fix Anymore

There is no short-term fix anymore, because we’ve been doing these short-term fixes for a along time. We got a little extra rope from this European crisis. Something is going to happen in Europe, because this cannot go on indefinitely. And the numbers are just so big for the United States...interest rates have got to rise, or the Fed is going to have to print so much money to keep them from rising that inflation is going to flare up in a way that government numbers can’t hide it anymore.  - in ETF Daily News


Related: SPDR S&P 500 Index ETF (SPY)

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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