Tuesday, August 31, 2010

Peter Schiff : all the banks will fail when interest rates will rise

Peter Schiff : when that bonds bubble burst and the federal reserve is forced to raise its interest rates ...at some point in ti interest rates have to rise ..., when they will do all the banks will fail because their balance sheets cannot survive it

Labels:Peter Schiff ,Ron Paul






Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.


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