Friday, May 3, 2013

Jobs And Stocks -- Behind The Numbers Lurks A Bubble Disguised As A Recovery

Adjusted for inflation the dow jones still has room to grow. In 2007 the high of 14066 is equivilant to 15800 today. and in 2000 the dows high was 11722 and adjusted for inflation that is also 15800 so anyone see a pattern.

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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