Wednesday, May 15, 2013

Peter Schiff - Big Mac Index Exposes Flawed Inflation Data

Peter Schiff - Big Mac Index Exposes Flawed Inflation Data : It's hard to create inflation without demand. The price of a Big Mac is rising and the CPI is flawed, but that doesn't mean the age of hyper-inflation is upon us. For that to be the case there would need to be demand. There are nascent signs of prices rising in autos and real estate but little to support the case that inflation is out of control — yet.

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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