PETER SCHIFF

PETER SCHIFF

Friday, January 3, 2014

The Big Story Will Be China`s Tapering




The big story is going to be the tapering out of the emerging economies, the tapering out of China. I think China really wants to back down on its U.S. Treasuries purchases, maybe even start unwinding, actually shrinking its balance sheet. And if emerging markets are selling Treasuries  if investors are selling, who is left to buy? The only one left is the Federal Reserve.


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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