Apr 2, 2014

The Dangers of Removing Monetary Accommodation To Slowly

What Janet Yellen wants to do is to remove the punch bowl very, very slowly so as not to abruptly end the party. That is exactly what Greenspan did. He inflated a big bubble and he thought if he let the air out gently that there would not be any kind of adverse consequences. He was wrong.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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