May 25, 2013

People Who Talk About The Fed Taking Away The Punch Bowl Are Wrong

"People who talk about the Fed taking away the punchbowl are wrong. The Fed is not going to do that. Unfortunately, it's going to keep spiking the punch. The $85 billion a month is not enough to keep this phony economy from imploding. The Fed is going to have to increase the size of its monthly QE." - in Money News

Related ETFs: SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)

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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