GREG MANNARINO ON THE $85 BILLION A MONTH GORILLA IN THE ROOM
NOVEMBER 13, 2013
Financial analyst and trader Gregory Mannarino says, “There will be no Fed taper . . . the Fed is the $85 billion a month gorilla in the room, and this will be increased sooner than later.” Mannarino contends, “The Fed will not allow the dollar to be strong . . . They have no recourse.
There is no recovery here in the United States. There is no economic recovery over in Europe. The central banks are going to attempt to print more in greater amounts to keep this propped up.” Mannarino goes on to say, “They’ve already lost control here. We’re just watching a slow motion train wreck come apart.” Mannarino steadfastly recommends putting some money in physical gold and silver. To his critics, Mannarino says, “I think people are missing the big picture . . . keep dollar cost averaging until the cows come home” Obama Care will be “awful” for the economy, and Mannarino points out, “This will be a wealth transfer. It’s that simple. They want young healthy people to subsidize the older sick ones.” Mannarino goes on to predict, “This is going to kill jobs beyond a shadow of a doubt. It is going to steal money that could be put into the economy.”