PETER SCHIFF

PETER SCHIFF

Thursday, May 7, 2009

Peter Schiff Wall Street Unspun 06 May 2009

the stocks are up this does not mean that the economy is health we are in a serious serious crisis , this is not the big picture the dollar is weakening the inflation is up foreign stock markets are outperforming the American one , even the stocks in Zimbabwe are up billions percents , but the economy is a mess ...you cannot judge the health of an economy by the nominal stock market especially when you have an inflation..

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1 comment:

  1. AnonymousMay 07, 2009

    love his analogies "the equivalent of running gerbils over a suspension bridge and saying the bridge is fine"

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