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September 23, 2013

Fed Tapering: They Had No Intention Of Doing It

“Ben Bernanke went over a whole list of things to describe why the US economy was not strong enough for a taper. How is that going to change in four weeks? It’s not. If the Fed was going to taper, they would have done it in September, not wait until October. Everybody was ready for a taper, the markets were prepared for a taper. All they had to do was deliver on those expectations. The fact that they didn’t do it meant they had no intention of doing it.” - in Europac Metals Blog

Related ETFs: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), SPDR Dow Jones Industrials ETF (DIA), 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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