Wednesday, September 11, 2013

QE, Tapering & Bluff

"The number that is on everybody`s mind is 85. Eighty five billion a month in QE. The market that lives by QE, dies by QE. People are starting to factor in tapering. And if the Fed tapers this market is going a lot lower. I think they are not going to taper, I think they are just bluffing, I think it`s all talk." - in a recent CNBC video

Peter David Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies