Tuesday, June 18, 2013

The Fed is Bluffing says Peter Schiff

Peter Schiff on tapering: ‘the Fed is bluffing’ “I think we need a much bigger pullback to put some fear in the market and take the Fed out of the game. The Fed is bluffing with all the talk of tapering because they know we have a phony recovery, and the minute they take away the monetary stimulus, the recovery illusion is going to fade. But they have to maintain this posture.”

“You have to understand we still have a real crash ahead of us in the United States. 2008 wasn’t the crash. The real crisis is still coming.” Peter is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof, The Little Book of Bull Moves in Bear Markets, and Crash Proof 2.0: How to Profit from the Economic Collapse.

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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