In the short run, the market is going to keep on falling until the Fed admits it got it wrong. This whole recovery the Fed believes it created with the QE is evaporating before it even dials it back. I think the next thing the Fed is going to do is add to the QE. They’re not going to cut it back, they’re going to put more crack in the pipe.”
Peter is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof, The Little Book of Bull Moves in Bear Markets, and Crash Proof 2.0: How to Profit from the Economic Collapse.