Peter Schiff : "You have a lot of speculators driving the market. You have speculative longs that are getting out and you have speculative shorts getting in and in some cases they're the same people that are flipping their position, they were long and now they're short...
"I think the idea came that the stock market is doing well. It has been outperforming gold. People were looking at what they perceived to be better opportunities elsewhere. There was the perception that as far as the global financial crisis the worst was behind us, and then you got Ben Bernanke basically claiming victory saying his policies have worked and we finally have the recovery we have been waiting for, and that he's on the verge of removing quantitative easing. ...The Fed taking this away is giving people more reason to sell gold." - 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.
THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
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Sunday, June 30, 2013
Popular Posts This Month
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Here are some of Peter Schiff's Quotes , Please feel free to post more , and I'll make sure to add them to this list ...let's ma...
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by Peter Schiff Strike up the band, boys, happy days are here again! Recently released short-term economic dat...
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Once again, someone Cenk Uygur trying to debate Peter Schiff simply lacks the finance and economics knowledge to do so . The Young Turks al...
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Peter Schiff : We need to have a Massive Recession and Peter Schiff: Why College Tuition Is So Expensive Lessons from the Crisis: The Limits...
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In the wake of the Cyprus banking crisis, Peter Schiff of Euro Pacific Precious Metals says, "There's no question a crisis is on it...
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The Free Fall of the Dollar : “When the U.S. decouples, the world will thrive,” “The world doesn’t need our consumption, we need their produ...
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Peter Schiff today directly from Las Vegas will talk exclusively about the minimum wage new law "one of the stupidest laws in active ...
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by Peter Schiff April 17, 2009 In a speech this week summarizing his administration’s economic policies, President Obama grossly overstated ...