Friday, August 23, 2013

The Market That Lives By QE, Dies By QE

Peter Schiff on CNBC (8/21/2013)

this is exactly what Japanese corporations did for thirty years. It did not add any liquidity to the economy, quite the opposite it reduced the velocity of money and contributed to the Japanese deflation as corporations held the capital on their balance sheets to paper the cracks in their performance. The music is about the stop and Peter is the only one sitting in a chair.
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.

Popular Posts This Month