Uncategorized

Peter Schiff: The Fed’s COVID Cure Is Making The Economy Sicker

A lot of people are turning more bullish on the economy with the possibility of an effective COVID-19 vaccine. But in his podcast, Peter Schiff argued that coronavirus isn’t the problem.  COVID-19 isn’t making the economy sick. All of the Federal Reserve stimulus and money printing is making the economy ill. And coronavirus vaccine isn’t going to make it well.

Peter said he recently read an article saying that hedge funds have never been more net-long in history as they are right now.

So the guys that run the hedge funds, supposedly the smartest people in the room, have never been more optimistic and more bullish, and they are just long. So, in other words, hedge funds have never been less hedged than they are today. So, they’re really not hedge funds at all, they are risk funds. And when everybody is loaded up on one side of the trade, there’s a pretty good indication that the markets are getting ready to move in the other direction.”

What is providing the impetus for all this bullishness?

The Fed – and the idea that QE infinity is here to stay.

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s