Tuesday, January 7, 2014

Yellen: A Blind Leading The Blind

I think its going to be case of a blind leading the blind once she is confirmed as the next Fed Chairman, our Chairwoman.

I would like to see the truth come out of these confirmation hearings to discuss how completely clueless Janet Yellen was during the housing bubble. Because, the left has tried to redefine her and rewrite history and cast her as some kind of Nostradamus who was warning about the housing bubble and the financial crisis, she was just Cassandra there at the Fed and nobody listened to her. This is all nonsense. She was just as blind as everyone else. In fact she was dismissing the warnings about the housing bubble, that people like me were actually making at the time.

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.

No comments:

Post a Comment

Popular Posts This Month