Peter Schiff : The FED Tapering is a Bluff

Peter Schiff on tapering: ‘the Fed is bluffing’ “I think we need a much bigger pullback to put some fear in the market and take the Fed out of the game. The Fed is bluffing with all the talk of tapering because they know we have a phony recovery, and the minute they take away the monetary stimulus, the recovery illusion is going to fade. But they have to maintain this posture.”