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.

- Source, Peter Schiff via ETF Daily