It’s Time for Bernanke to Declare the Party Over: Schiff

[airdvr 210]

http://finance.yahoo.com/blogs/breakout/time-bernanke-declare-party-over-schiff-133306848.html?fb_action_ids=3734960821748%2C3734183082305&fb_action_types=news.reads&fb_ref=type%3Aread%2Cuser%3AXZHZ9RCJjXELEe-sDh8mVdQdD1M&fb_source=other_multiline&action_object_map=%7B%223734960821748%22%3A500541276642450%2C%223734183082305%22%3A104014919752885%7D&action_type_map=%7B%223734960821748%22%3A%22news.reads%22%2C%223734183082305%22%3A%22news.reads%22%7D&action_ref_map=%7B%223734960821748%22%3A%22type%3Aread%2Cuser%3AXZHZ9RCJjXELEe-sDh8mVdQdD1M%22%2C%223734183082305%22%3A%22type%3Aread%2Cuser%3AXZHZ9RCJjXELEe-sDh8mVdQdD1M%22%7D&code=AQCCTaD7Gz6Ck1JEvfWy7NBVSD3TQ9g_pcE4T6gIcIWbVqBcrU9JPzfzD-GsBGZk0urGLlL93kg3x3m_6W-RqPBKUiRIYN5s4G5914MNXStVprT2OmN0iMBiH4S1tl0uV2Le75dOR2DwB7pjWuaQshoqBbncdHSFdVNuSP2IR9LFcPgBtYf9ztN1MJI5I6fAyvMSUNXiZPLUKu9cl_hZyHf1#_=_

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What makes guys like Peter Schiff so irate is that the Fed's policy makes it impossible to correctly price anything from your mortgage to your JC Penney (JCP) stock or even your gold bricks. Arbitrarily setting rates at zero is akin to making Q the first letter of the alphabet. Anything you knew to be "orderly" is instantly rendered false.

Nothing fake can last forever and the longer you avoid truth the worse the day of reckoning becomes. As Schiff puts it, "as long as the Fed is doing QE, this recession, and I call it a depression, is going to get worse and worse and worse."

The Dow may make new highs and your portfolio could look good, but the real value of what you own is based on the artificial environment. Once the rug gets pulled out, which must happen eventually, the adjustment will be brutal.

I'm figuring nothing will happen before December.

Please don't dent the planet.

Destinations by Roxanne