PETER SCHIFF

PETER SCHIFF

Saturday, February 2, 2013

Dow 14,000 is an Illusion Created by Inflation

Dow 14,000, GDP, Jobs, Fed, inflation, treasuries, & gold : QE is a economic and political addiction, with massive nominal and real term dependencies now build into markets, into yields, over diminishing annuities, and capital infrastructure programs. I can't work out what the technocrats hope to achieve from this nonsensical, overindulged policy. I can only assume its a economic war on common people and ourselves.

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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