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The Age of Permanent Stimulus: How the Fed Has Created a Zombie Economy

Released on Tuesday, May 10, 2016MARKETS
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
Euro Pacific Capital, Inc., Chief Economist and Global Strategist

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