CNBC Editor Agrees with Peter Schiff: Taper Will Be Reversed (Video)

Peter Schiff appeared on CNBC this week alongside CNBC Financial Editor Jeff Cox, who agreed with him that the Fed will be forced to reverse the taper and increase quantitative easing sometime in the coming year.

“Right now, the markets are going to continue to decline as long as the Fed stays on this taper timeline. And I think the Fed is going to be cognizant of that. If you remember, they’re basing the taper on the recovery, which is the result of the wealth effect of a rising stock market and a rising real estate market that allows us to lever up, borrow more money, [and] buy more stuff we can’t afford.”

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