In my mind, QE 3 was never off the table. I always knew it was a sure thing. It was just a matter of time. But now the Fed came out and surprised a lot of people with its language. It basically said, ‘if we don’t get evidence soon of a sustainable increase in the economy, we’re going to have to take action.’
And of course, the only tool in it’s arsenal is to print money and buy bonds and try to goose the economy with the same monetary stimulus that create the problem. - in ETF Daily News
Related: SPDR S&P 500 Index ETF (SPY), iShares Lehman 7-10 Yr Treas. Bond (ETF) (IEF)
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.
