Wednesday, September 25, 2013

Peter Schiff Was Right - 'Taper' Edition

Peter Schiff and I were right all along.  The Fed is trapped so they cannot taper QE.  And if they had tapered, markets would crash, and they would have to reverse course and gin up QE even more.  Which means they lose whatever little credibility they have left.

But the Fed and all the experts have to jawbone tapering/ending QE.  Hell, they've been cheerleading economic "green shoots" since the recession "ended" in 2009.

I like how the consensus mocked Schiff, as they did in 2006 when he rang the alarm bells.  And then the clowns, er...the "pundits" on CNBC have the gall to say "nobody saw it coming."  What a bunch of shills...

Janet Yellen will regret winning the appointment as Fed Chairperson because the USS Titanic will sink on her watch.

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