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 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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