Tuesday, November 22, 2011

Greece itself is not the problem

Peter Schiff : "Greece itself is not the problem," , "It's the moral hazards that result from how Greece is handled."

"If Greece were to separate from Europe and try to reclaim the Drachma, I think the pain that Greek citizens would suffer due to runaway inflation would be far worse than what they're going to get under austerity,"

"The Greeks are going to face a big decline in their standard of living regardless of what they choose," - in Yahoo Tech Ticker







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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