Sunday, January 19, 2014

We Will Have A Crisis Early In The Yellen Term

The Bernanke bubble is bigger than the Greenspan bubble. The monetary policies pursued by Bernanke were far more reckless than the ones pursued by Greenspan and therefore the bubble is much bigger. And therefore the damage to the economy when it pops will be much bigger.
We are going to have another crisis early in the Yellen term that will be bigger than the crisis that we had early in the Bernanke term (2008 financial crisis) and Wall Street and the government are equally as prepared. They will be equally blind sighted.

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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