Thursday, December 26, 2013

Fundamental Data Is Consistent With A Shrinking Economy

“If you look at the fundamentals, if you look at the contracting labour force, the declining use of energy, the explosion of poverty in America, and income inequality, the record numbers of food stamps and disability, all the part-time jobs that are now replacing the full-time jobs that we’ve lost, all of this is consistent with a shrinking economy. But the government won’t admit it.” - in Canada AM

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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