Jan 8, 2015

Oil Prices Were Propped Up By The Federal Reserve

Oil prices were propped up by the Federal Reserve, so were home prices, so were stock prices. And if the Federal Reserve is not going to be there anymore, all the prices that were influenced by QE are going to come down. And since the U.S. recovery is a function of inflated asset prices, as the asset prices deflate, then the recession is going to return.

Related trading instruments: Energy Select Sector SPDR ETF (XLE), SPDR S&P 500 Index ETF (SPY), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures;

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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