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Peter Schiff Was Right - 'Taper' Edition

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Peter Schiff
Europac
Published : September 25th, 2013
111 words - Reading time : less than a minute
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Category : Editorials

When Ben Bernanke announced that the Federal Reserve's Open Market Committee is going to continue the money expansion program it calls Quantitative Easing apace, almost everyone in the financial media was taken by surprise. The decision "surprised almost everyone out there" they said. Well, not me. As I said, The Fed knows that the appearance of economic health would evaporate if stimulus were withdrawn. The Fed understands, as the market seems not to, that the current "recovery" could not survive without continuation of massive monetary stimulus.

For more on how I knew the Fed wouldn't taper, here's an oped I released after the decision was announced - The Taper That Wasn't
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Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkeley in 1987. A financial professional for nineteen years he joined Euro Pacific in 1996 and has served as its President since January 2000. An expert on money, economic theory, and international investing, he is a highly recommended broker by many of the nation's financial newsletters and advisory services. Mr. Schiff holds NASD Series 4,7,24,27,53,55, & 63 licenses.
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