Fed's Non-Taper Damage Control
James Bullard successfully sells markets on an Oct. taper. When will traders learn that it's not what Fed officials say that matters, but what they actually do? It reminds me of Lucy holding the football for Linus. No matter how many times she assures him that she will hold the ball in place, she always yanks it away just before his foot makes contact. Yet Linus falls for it every time.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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