Bond Market Glory Days Are Over

Peter Schiff : I think the glory days are over for the Bond market... maybe they are not over today... I have been saying this for a while just like I was warning earlier about the housing bubble. I think more investors who have sought out bonds as an alternative to weak performance in stocks, I think that's where the next catastrophe is going to be as far as catastrophic losses. And not just in treasuries as I think any long term debt instrument denominated in dollars is going to go down but particularly sovereign credit. People perceive it as being safe. The way I look at it there is only two alternatives for bond holders, either they lose due to default or they lose due to inflation. - in Fox Business News

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.