Thursday, December 26, 2013

The U.S. Economy Is Completely Addicted To Monetary Heroin

“Because he knows that he can never taper, he’s just bluffing, he can’t tell the market the truth, that the U.S. economy is completely addicted to his monetary heroin.” - 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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