Peter Schiff Warns: Meet QT – QE’s Evil Twin…”these monetary crosscurrents should finally be enough to capsize the U.S. dollar.”
by Tyler Durden
ZeroHedge.com
09/04/2015
The arrival of Quantitative Tightening will provide years’ worth of monetary headwinds. Of course the only tool that the Fed will be able to use to combat international QT will be a fresh dose of domestic QE. That means the Fed will not only have to shelve its plan to allow its balance sheet to run down (a plan I never thought remotely feasible from the moment it was announced), but to launch QE4, and watch its balance sheet swell towards $10 trillion. Of course, these monetary crosscurrents should finally be enough to capsize the U.S. dollar.
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