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May 23, 2013

U.S. Economy: We Have A Lot Of Problems Coming

"We have a lot of problems coming, and the Fed and the government have made a lot of those problems worse with the quantitative easing and with the stimulus. And people who talk about the Fed taking away the punch bowl 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 HAI

Related ETFs: Financial Select Sector SPDR (XLF), SPDR Gold Trust ETF (GLD), 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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