"But Wall Street has led the American public to think stocks have the safety of bonds. There’s a huge difference, of course. Stocks carry all the risks inherent in business ownership .Bonds are contractual loan obligations that must be paid before owners get anything. Because stockholders have all that risk, they should naturally expect a higher rate of return than bond-holders. But Wall Street has fostered a myth that because share-holders enjoy unlimited upside (capital gain) potential, they should settle for a dividend return that, if it exists at a far lower than the interest rate on comparable bonds." Peter Schiff from his book From His Book Crash Proof: How to Profit From the Coming Economic Collapse
Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch .
Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse
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