On the heels of the Fed raised rates, today one of the greats in the business told King World News that the Fed is about to make a huge gamble that’s going to end in disaster.
Peter Boockvar: “Notwithstanding a cut in the Fed’s inflation forecast for 2017 (they kept their 2018 estimate), Janet Yellen is intent on raising rates again this year and initiating quantitative tightening. This in the face of a clear slowing in economic growth and it’s no wonder the yield curve continues to flatten. On the possibility of QT (shrinking the Fed’s balance sheet), she said it could begin “relatively soon” but I think Yellen and the Fed are deluding themselves if they think this will be “like watching paint dry” as President Harker said…
To find out which high-grade silver mining company billionaire Eric Sprott just purchased
a nearly 20% stake in and learn why he believes this is one of the most
exciting silver stories in the world – CLICK HERE OR BELOW:
If QE was meant to incite euphoria in markets, why do they think QT (shrinking the Fed’s balance sheet) will be a nonevent? It will be a big event, even though it will start small. It will be all about psychology, and we’ll see how Yellen and Co react when markets have a hissy fit in response. Will she blink? Likely. The bottom line is that the Fed is going to try to reduce the size of its bloated balance sheet, but I predict that the market will not respond favorably and it will result in failure.”
***For those who missed the powerful audio interview with London whistleblower and metals trader Andrew Maguire, you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: ALERT: Whistleblower Andrew Maguire Says Illegal Trading Activity In Gold Continues As Bullion Banks Trapped. Accuses CFTC Of Not Doing “A F*cking Thing About It” CLICK HERE.
***KWN has also released the remarkable KWN audio interview with Dr. Stephen Leeb, where he discusses what the historic signal will be to backup the truck to buy gold and much more CLICK HERE OR ON THE IMAGE BELOW.
© 2017 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.