Tuesday, October 30, 2012

Peter Schiff : We are going to have A Monetary Crisis & A Dollar Crisis

Peter Schiff : "I think we’re going to have a monetary crisis [and] a dollar crisis," Schiff said, arguing that it was only Europe's debt crisis preventing investors from coming to grips with the U.S.'s own looming debt troubles. "We're going to have a real crisis of confidence." - in CNBC

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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