Monday, December 21, 2015

Fed will print money again if there is a recession

Everybody has been anticipating the Fed was going to raise rates; in fact, they thought the would’ve raised them a lot more than 25 basis points by now. There are still people who think there’s a lot more rate hikes coming.

I still believe that’s wrong: people are ignoring the inherent weakness in the US economy and the fact that the Fed is going to be back to its old tricks and only has one game plan for recession, and that’s printing money.

Peter Schiff is an investor and author of several best selling books. He correctly predicted the economic meltdown of 2008 - 2009