“Activist” Fed Will Repeat Its QE Cycle To Prop Up The Market

Rick Santelli and Charlies Biderman, CEO of TrimTabs Investment Research, discussed the slowing economic engine of the United States. The root of the problem? As Santelli put it: “We used to lead the rest of the world, thinking free markets do it. Now, all of a sudden, we've joined the rest of the world thinking only governments can do it.”

Biderman agreed, and pointed out that Obama's background as a community activist has only exacerbated this dangerous economic mindset, which the Fed has increasingly embraced. He has the same forecast as Peter Schiff – a new round of stimulus will be the Fed's next significant action:

The only thing the Federal Reserve can do is keep interest rates low. And as a matter of fact, as I've been saying on your show for the last year and a half, no interest rate hikes are possible given that we're now entering into a global recession. I actually think the next move by the Fed will be some sort of stimulus.”

Video Length: 00:02:45

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