Saturday, January 11, 2014

Inflation: Prices Are Going Up

Prices are actually going up, despite the fact that the government tells us they are not. But one of the main reasons that prices have not gone up even faster is because we have exported a lot of that inflation to emerging economies. Check the inflation rates in other countries that peg their currency to the U.S. dollar that have big trading surpluses with the United States.

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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