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The Age of Permanent Stimulus: How the Fed Has Created a Zombie Economy
Released on Tuesday, May 10, 2016•MARKETS
2015, was supposed to be the year that the United States finally emerged from its long recovery from the Great Recession of 2008. But a funny thing happened on the way to the recovery: it never occurred. After seven years of zero percent interest rates and trillions of dollars of quantitative easing, the economy was supposed to be strong enough to withstand positive rates of interest. But the disastrous market reaction to the Fed's December decision to raise rates by just 25 basis points has thrown all of that into question. Find out why the economy will never fully recover until the government lets the economy work the way it is supposed to.
Peter Schiff is the chief economist and global strategist of Euro Pacific Capital, a division of Alliance Global Partners, a Registered Investment Adviser and a full service broker/dealer. He is one of the few widely known economists and investment professionals to have spoken about the financial crisis before it began. As a result of his commentary on the US economy, Mr. Schiff is becoming increasingly more renowned. He is a widely followed opponent of debt-fueled growth policies and known for his advocacy for emerging market and commodity-focused investments in countries with positive fiscal characteristics. Mr. Schiff has been quoted hundreds of times in leading news outlets around the world, and he regularly appears on business news channels worldwide. His best-selling book, "Crash Proof: How to Profit from the Coming Economic Collapse" was published in February of 2007. Mr. Schiff's fifth book, The Real Crash (Fully Revised and Updated): America's Coming Bankruptcy, was released in April of 2014.
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