Friday, July 17, 2009

Peter Schiff this Bear Market is not even half way over

Larry Kudlow CNBC Is Recovery the Real Deal?

Peter Schiff :the DOW has been falling it has lost 75% of its value in terms of gold

Debating whether we're heading into an economic recovery, with Peter Schiff, Euro Pacific Capital; Peter Morici, University Of Maryland; and CNBC's Larry Kudlow.
the stock market is rallying is this a sign of recovery ? Peter Schiff says "the stock market goes up and down I wouldn't try to draw the influences on the health of the overall economy based on one week or 7% move on the stock market , the stock market have been wrong in the past and is wrong now ""the problem is there are some real structural imbalances with the US economy and this recovery is gonna never get under way until the government gets out of the way and let's the market solve these problems right now we are preventing that from happening , look at the stock market we have been in the bear market for nine years the DOW has been falling it has lost 75% of its value in terms of gold as far as I am concerned this bear market is not even half wayover""The FED should increase the interest rate , they are too low , the housing prices should come down assets prices too , we should let the failing companies go banckrupt "

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