"Whether the economy gets its fix next week or this week or a couple months from now, it is coming," says Euro Pacific's Peter Schiff. Don't be confused, he regards the inevitability of a new QE as a bad thing. The Fed is effectively making "free" money for the government. All assets get priced based on this phony rate, making it impossible to correctly price anything - from mortgages, to stocks or even gold. You can't avoid reality forever though, Schiff says; eventually QE will end and our day of reckoning will come.
"Whether the economy gets its fix next week or this week or a couple months from now, it is...
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