Saturday, January 4, 2014

Cash In the Bank, Government Bonds & The Stock Market

"To be honest, I don't think the Fed's going to taper. I think the people who should be the most worried are the people who have cash in the bank, the people that own government bonds. I actually think you're better off being in the stock market. Even though the rally is phony, it's probably going to continue because the Fed doesn't have the integrity to do the right thing."

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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