Peter Schiff,CEO of Euro Pacific Capital Inc., appeared on CNBC along with Matt Smith, Commodity Analyst at Schneider Electric, to discuss the outlook on gold and energy prices.
Peter Schiff, CEO of Euro Pacific Capital Inc., and Matt Smith, Commodity Analyst at Schneider Electric (EPA:SU) appeared on CNBC on August 5 to discuss the outlook on gold and energy prices.
Schiff said “A lot of shorts have come into the market. Speculative longs have exited based on three false narratives. One, the US economic recovery is gathering momentum. I think the reverse is true. I think we’re relapsing back into recession.”
Schiff continued, “Number two, a lot of people belief the fed is getting ready to taper off on its quantitative easing. I think it’s the opposite. I think the fed is preparing to increase the monthly size of [quantitative easing].
For his last point, Schiff claims “People think inflation is not a concern,” speculating that it will worsen.
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
PETER SCHIFF
Tuesday, August 6, 2013
Popular Posts This Month
-
The Dollar will collapse the Credit cards bubble is about to burst , buy Gold Buy Silver save your assets ...The dollar will drop like a sto...
-
A very strong debate yesterday on MSNBC between Peter Schiff and the host on the Ed show on two major topics the healthcare reform and the s...
-
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...
-
as you may have noticed it this morning many blogs hosted on blogger including mine were reporting this strange Error bX-r1ezpk ... fortuna...
-
government created jobs like the census jobs are counterproductive and unproductive jobs ... Peter Schiff is considering to run for Senate !...
-
President Obama delivers his weekly address to the nation announcing many cuts in the federal budgetWhat do you guys Think of this ???
-
Trading 2010: Schiff's Predicting what is in store for 2010, with Peter Schiff, Euro Pacific Capital president. Peter David Schiff , pr...
-
Presented by Robert P. Murphy at the "Economics for High School Students" seminar. Recorded at the Mises Institute in Auburn, Alab...
-
Once again, someone Cenk Uygur trying to debate Peter Schiff simply lacks the finance and economics knowledge to do so . The Young Turks al...
-
Expensive useless licenses in order for for our government to get the money to pay expensive useless harmful bureaucrats who spend their day...