Thursday, August 15, 2013

The choice between Yellen and Summers is like being asked to choose your method of Execution

Peter Schiff : I've been talking about the choice between Yellen and Summers as being asked to choose your method of execution. Do you prefer the guillotine or do you want a firing squad?" he asked.

"I think the U.S. economy is in trouble regardless of who President Obama chooses because I think it's going to be more of the same policies that have brought the country to the brink of economic ruin. And I think it's those policies that's going to push us over the edge," Schiff explained in his latest Vlog

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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