Friday, December 9, 2011

Peter Schiff : The ECB should not bailout EU Governments

Peter Schiff : well, the ECB should do nothing. that's exactly what the fed should have done. unfortunately, they didn't. if the central bank in Europe stands firm, they will force european nations to actually cut spending and that's the only solution that's going to work. a monetary bailout is just a coward's way to dafault







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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