I think China is very likely to see an appreciation of their currency in
2014. That is going to a good thing for chinese wage earners, for
chinese consumers who are going to make a better deal on the things they
need to buy. Its not going to play out so well over here because as the
chinese currency becomes more valuable, their goods become more
expensive and americans already have a hard time buying stuff. Look at
the Christmas sales. they have been the worst since 2009.
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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