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May 26, 2013

If The Fed Withdraws The Stimulus, The Economy Will Be In A Worse Recession Than In 2008

"If the Fed withdraws the stimulus, the economy will be in a worse recession than in 2008 and 2009. That doesn't mean the Fed shouldn't do it But had the Fed done the right thing in 2008, we wouldn't be in this situation."

Related ETFs: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 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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