Wednesday, September 21, 2011

Peter Schiff : The stimulus is a sedative

Peter Schiff on FOX News 09/21/11

Peter Schiff : The stimulus is a sedative it will continue to undermine the economy , business do not need more government spending , in fact government spending is depriving the business from the capital they need to grow , because the money that government spends is money that business cannot invest , but probably more importantly , government is killing business with rules and regulations that cost a fortune to comply with

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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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