Saturday, December 7, 2013

Peter Schiff vs. Harry Dent : Inflation/Deflation Debate

The FED wants inflation and will print money like crazy to fight the deflationary pressure put forth by the sluggish economy. We are going to see a very bad deflation soon followed by a mega print by the fed to stop the deflation and losing control and spin off to hyperinflationary senario. May happen within this decade.

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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