The Fed not pulling back?

[Account Closed]

So now that the Fed has announced that they will continue the $85 billion per month stimulus into our economy, I'm just wondering the thoughts and feelings of others on this news?

I know talk of a new bubble has been discussed many times here on BP and in my thinking, isn't this just encouraging it? I mean the so called "confidence" that they are trying to build in our economy is completely fake IMHO.

http://money.msn.com/top-stocks/post--fed-passes-on-trimming-its-bond-buying

[Bill Mitchell]

Originally posted by Abdul R.:

@Account Closed @Bill Mitchell What Peter Schiff correctly predicted. It is hard for them to do the taper. Can't justify it by looking at the economic indicators. This is not good at all. I think asset prices (along with properties) are going to be inflated. The mortgage rate should go down. I don't know how long this will continue.

I like some of what Schiff has to say, but he has a very extreme view point and he uses it to sell shares in his investment company (research on google). I am not saying the sky is falling, but they need to start tapering or we will have a permanent zombie economy and the longer we prolong it, the harder the ramifications.