Friday, May 24, 2013

U.S. Economy: We Have A Lot Of Problems Coming

"We have a lot of problems coming, and the Fed and the government have made a lot of those problems worse with the quantitative easing and with the stimulus. And people who talk about the Fed taking away the punch bowl are wrong. The Fed is not going to do that.
Unfortunately, it’s going to keep spiking the punch. The $85 billion a month is not enough to keep this phony economy from imploding. The Fed is going to have to increase the size of its monthly QE." - in HAI

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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