Thursday, May 9, 2013

Japanese Rally Will End in Tears, Warns Peter Schiff

Peter Schiff, president of Euro Pacific Capital and author of The Real Crash, says Japan is only making things worse by pursuing inflation. "Be careful what you wish for because you just might get it," he warns. "I think you're about to see a big dose of consumer price increases in Japan based on a weakening and that's not going to be good news for the Japanese economy or the Japanese consumer." - in Yahoo Finance

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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