TRACKING THE CEO OF EURO PACIFIC CAPITAL AND GOLD VIGILANTE PETER SCHIFF, AN UNOFFICIAL TRACKING OF HIS INVESTMENT COMMENTARY
Thursday, December 18, 2014
Everyone is Confusing a Bubble for a Genuine Recovery
We are more dependent on QE than ever before. So, rather than raising interest rates next year like everybody expects, I think they are going to launch QE 4, which nobody expects. There is no end to this.”
The Fed has to do this indefinitely because the minute they stop propping up this artificial phony economy, it will implode.
Everyone is confusing a bubble for a genuine recovery. It’s not.
