Thursday, January 26, 2012

Peter Schiff Interview CNBC 26 January 2012

Interest rates and consumer prices in the U.S. are lower than they would be if there wasn't uncertainty in Europe, says Peter Schiff, "well, the weakness in the u.s. dollar. and it's creating the illusion of strength. you talked about Italian bond yields. well, as italian bond yields have come down, so too has the dollar as people are selling dollars to buy back that European debt. it's the downward pressure on the dollar that's sending prices higher. not just stock prices, look at oil prices. look at the price of gold surging. that's what's going on. investors are getting poorer" he added






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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