{"id":59132,"date":"2021-08-25T09:44:37","date_gmt":"2021-08-25T14:44:37","guid":{"rendered":"https:\/\/olduvai.ca\/?p=59132"},"modified":"2021-08-25T09:44:37","modified_gmt":"2021-08-25T14:44:37","slug":"peter-schiff-less-loose-fed-monetary-policy-isnt-tight-fed-monetary-policy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=59132","title":{"rendered":"Peter Schiff: Less Loose Fed Monetary Policy Isn\u2019t Tight Fed Monetary Policy"},"content":{"rendered":"<h3><a href=\"https:\/\/schiffgold.com\/peters-podcast\/peter-schiff-less-loose-fed-monetary-policy-isnt-tight-fed-monetary-policy\/\">Peter Schiff: Less Loose Fed Monetary Policy Isn\u2019t Tight Fed Monetary Policy<\/a><\/h3>\n<div class=\"blog-big-photo\"><a class=\"prettyphoto\" title=\"Peter Schiff: Less Loose Fed Monetary Policy Isn\u2019t Tight Fed Monetary Policy\" href=\"https:\/\/schiffgold.com\/wp-content\/uploads\/2020\/12\/money-cash-sketch-drawing-currency-dollar-1134037-pxhere.com_.jpg\" rel=\"prettyPhoto\"><img decoding=\"async\" class=\"blog-featured-big-photo lazyloaded\" src=\"https:\/\/schiffgold.com\/wp-content\/uploads\/2020\/12\/money-cash-sketch-drawing-currency-dollar-1134037-pxhere.com_-1024x577.jpg\" alt=\"\" width=\"100%\" data-src=\"https:\/\/schiffgold.com\/wp-content\/uploads\/2020\/12\/money-cash-sketch-drawing-currency-dollar-1134037-pxhere.com_-1024x577.jpg\" \/><\/a><\/div>\n<p>There\u2019s been a lot of talk about the Federal Reserve tapering its asset purchases. Peter Schiff talked about it during his podcast, saying even if the Fed does getting around to tapering, that doesn\u2019t equate to a legitimately tight monetary policy. Furthermore, any tapering today sows the seeds for its own destruction.<span id=\"more-29188\"><\/span><\/p>\n<p>The minutes from the July Federal Reserve meeting came out last week. They revealed the Fed is starting to talk about tapering asset purchases later this year. That sent stocks lower as traders continue to anticipate Fed monetary tightening. The hardest-hit sectors were economically sensitive cyclical stocks and anything that was part of the reflation trade.<\/p>\n<p>Peter said there was really nothing new in the minutes.<\/p>\n<blockquote><p>The Fed did not reveal anything that hadn\u2019t already been revealed by other FOMC members in their various talks.\u201d<\/p><\/blockquote>\n<p><iframe loading=\"lazy\" title=\"\ud83d\udd34 Less Loose Is Not Tight - Ep 726\" width=\"600\" height=\"338\" src=\"https:\/\/www.youtube.com\/embed\/N08eAvTPER4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Nevertheless, according to all the experts, the Fed is Johnny on the spot. It is now tightening. And because it is tightening, inflation is no longer a concern.<\/p>\n<p>Peter said the markets are reacting to this anticipated tightening cycle in the same way they have to past tightening cycles without appreciating the difference between this tightening cycle and those that preceded it. In fact, it\u2019s hard to call the Fed\u2019s next step a \u201ctightening cycle.\u201d<\/p>\n<blockquote><p>So far, the only thing that has happened during this cycle is that the Fed has talked. That\u2019s it. It\u2019s all talk and no action.\u201d<\/p><\/blockquote>\n<p>Peter conceded that the central bank may well taper and slow down\u00a0<a href=\"https:\/\/schiffgold.com\/faq\/what-is-quantitative-easing\/\">quantitative easing<\/a>.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff: Less Loose Fed Monetary Policy Isn\u2019t Tight Fed Monetary Policy There\u2019s been a lot of talk about the Federal Reserve tapering its asset purchases. Peter Schiff talked about it during his podcast, saying even if the Fed does getting around to tapering, that doesn\u2019t equate to a legitimately tight monetary policy. Furthermore, any [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[303,534,963,8701,31664,18779,3650],"class_list":["post-59132","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-monetary-policy","tag-peter-schiff","tag-qt","tag-quantitative-tapering","tag-schiffgold","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59132"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59132\/revisions"}],"predecessor-version":[{"id":59133,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/59132\/revisions\/59133"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}