Published on Sep 21, 2013 James Bullard successfully sells markets on an Oct. taper. When will traders learn that it’s not what Fed officials say that matters, but what they actually do? It reminds me of Lucy holding the football for Linus. No matter how many times she assures him that she will hold the…
If you believe that gold no longer plays a role, think again. In effect, if you know what to look for, the world is on a gold standard now. In 1971 the US ‘closed the gold window’ starting an era of global fiat money reference pricing that has been unprecedented in history. Never has the…
By: Peter Schiff Wednesday, September 18, 2013 The Fed’s failure today to announce some sort of tapering of its QE program, despite the consensus of an overwhelming percentage of economists who expected action, once again reveals the degree to which mainstream analysts have overestimated the strength of our current economy. The Fed understands, as the…
Post by Peter Schiff.
