Friday, December 23, 2011

Peter Schiff on Biggest Risk for the U.S. Economy in 2012

According to Peter Schiff of Europac the biggest risk would be if the focus is all on us if Europe solves its problems " the biggest risk is that Europe solve its problems or at least postpone it and come up with a short term solution and then all the focus is on us , we have done all the wrong things so we have got a currency crisis we have a bond crisis that sends the dollar into a free-fall " he said






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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