THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
Friday, January 3, 2014
I am not bearish on Stocks, I am bearish on the U.S. Dollar
I am not bearish on stocks, I am bearish on the U.S. dollar, I am bearish on paper. People just assume that I am all gloom and doom, so that I think the stock market is going down. If the Federal Reserve did the right thing for the U.S. economy and let interest rates go up, the stock market would come crashing down. But I do not believe the Federal Reserve is going to do the right thing. They will keep doing the wrong thing. This bubble is too big to pop, the Federal Reserve knows it, so they are going to keep on supplying air. So, yes. Stocks are going to go up, but the dollar is going to down a lot more in real terms. And yes, gold is going to go up.
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.
Subscribe to:
Post Comments (Atom)
Popular Posts This Month
-
Peter Schiff vs Jeremy Siegel Debate at Global Leadership Forum -- 2010 : Always entertaining watching Peter break these guys down - Peter...
-
CEO of Euro Pacific Capital talks about the falling oil prices and impact on global markets. He also talks about how low the prices could ...
-
Peter Schiff : I think there will ultimately be more freedom than there is today. Will China ever become a one man, one vote democracy? Ho...
-
Obama's Cap and Trade bill on global Warming ...Peter Schiff says that the only jobs that this bill is going to create are unproductive ...
-
Peter Schiff - we had a Big Sell-off in the Stock Market today , the Dow dropped almost 280 points , the dollar sank to a new record low ag...
-
Why Big Government Hates Gold by Ron Paul This past week several emerging and ongoing crises took attention away from the ongoing sove...
-
Peter Schiff : we are not in a recession this time we are in a depression unfortunately we did not lose enough jobs because president Obam...
-
Peter Schiff was right 2006-2007 - CNBC edition Peter Schiff was right 2006-2007 - CNBC edition This is a collection of CNBC appearan...
-
On the Friday, August 28 edition of the Alex Jones Show, we analyze the waves of illegal immigrants flooding Europe, as the continen...
-
In this weeks Wallstreet Unspun the host is Andrew Schiff he will be speaking mainly about the big news of Chris Dodd stepping down from the...

No comments:
Post a Comment