Peter Schiff was on the Kudlow Report although Kudlow was not there this time as usual but was replaced by Michelle Caruso-Cabrera , the first segment was about the summer rally , is it a new bull market ? Peter Schiff explained that the recession did not end it is not a bull market it is the same bear market , we have more debt now the dollar is in a free fall , foreign markets especially Asians are soaring nothing to compare with the American market , you cannot run an economy based on spending other people money , we got it backward Pter Schiff explained the rest of the pannel are Jerry Bowyer, syndicated columnist; Don Luskin, Trend Macro; Steve Grasso, Stuart Frankel; Peter Morici, University of Maryland; Peter Schiff, Euro Pacific Capital; and CNBC's Michelle Caruso-Cabrera.
The second segment under the title "Bullish on Banks? find the bank you hate and buy it " with Richard Bove, Rochdale Securities; Jerry Bowyer, syndicated columnist; Don Luskin, Trend Macro; Steve Grasso, Stuart Frankel; Peter Morici, University of Maryland; Peter Schiff, Euro Pacific Capital; and CNBC's Michelle Caruso-Cabrera. Peter Schiff said "Financials are a great place to work but a lousy place to invest right now they are making money borrowing cheap from the FED and making risky bets and they are bonusing out all the profits , but when the bets go bad the shareholders are gonna be stock hold in the bag and the tax payers are going to get hit with new rounds of bailouts money " the financials that are making money are the ones that are doing all the proprietary trading it's the Goldmans the Morgans this is how we got in the mess
The third segment was about technology rally or How to jump on the tech rally, with Jon Fortt, Fortune; Bill Smead, Smead Capital Management; Dan Fitzpatrick, StocksMarketMentor.com; Steve Grasso, Stuart Frankel; Peter Morici, University of Maryland; Peter Schiff, Euro Pacific Capital; and CNBC's Michelle Caruso-Cabrera. Microsoft new Windows 7 the deal with yahoo facebook versus myspace , the new google operating system , Peter Schiff says that he owns tech stocks but in Honk Kong and they are +500% , he says buy technology better outside but still even American tech stocks are still better than staying in cash...
The fourth segment was about the soaring crude oil prices driving by the decline in the value of the dollar as Peter Schiff explains or driven by picking demand of a coming recovery or simply driven by speculation Peter Schiff predicted over $100 before the end of the year the panel Discussing whether oil will stall the market, with Kevin Kerr, Kerr Trading International; Bill Smead, Smead Capital Management; Dan Fitzpatrick, StocksMarketMentor.com; Steve Grasso, Stuart Frankel; Peter Morici, University of Maryland; Peter Schiff, Euro Pacific Capital; and CNBC's Michelle Caruso-Cabrera.
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