PETER SCHIFF

PETER SCHIFF

Sunday, March 31, 2013

I don’t think there’s necessarily a bubble in the stock market. There’s certainly a bubble in certain types of stocks


Peter Schiff : "I don’t think there’s necessarily a bubble in the stock market. There’s certainly a bubble in certain types of stocks that are way overvalued as a result of all the cheap money Ben Bernanke has been creating."What he is doing with his reckless monetary policy is causing our resources to be malinvested," Schiff continues. "We’re spending too much on housing right now because of what Ben Bernanke is doing. He's bragging about the fact that we’re building more houses and home prices are up, but they’re only up because of the artificially manipulated prices thanks to the Fed, and all of this is a mistake and is going to be unwound in a very painful way." - in Tech Ticker


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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