Friday, May 24, 2013

American Debt: Anybody Who Doesn't See That It's Junk Probably Deserves To Lose Money

 "It doesn't really matter what kind of rating Moody's or S&P put on it. Anybody who doesn't see that it's junk probably deserves to lose money." - in Index Universe 

Related ETFs and trading instruments: iShares Barclays 20+ Year Treasury Bond ETF (TLT), iShares Lehman 7-10 Year Treasury Bond ETF (IEF), US Treasuries

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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