Sunday, September 16, 2012

The U.S. Economy is addicted to QE

Peter Schiff : “The U.S. economy is addicted to QE,”
“But if the Fed had any backbone it wouldn’t supply the heroin anymore. It would let the market restructure without QE, which is what we need.” Read more: Economist Schiff: QE3 is Coming and Will Worsen Our ‘Depression’ - in Yahoo Finance
Click Here to watch the full interview>>>>>

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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