Tuesday, January 7, 2014

Zero Interest Rates & The Next Crash

"If Greenspan’s one year at 1 percent rates helped trigger the crash we saw in 2008, imagine imagine what three years and counting of Bernanke’s/Yellen’s 0 percent rates portends for the next crash." - in Barrons Blog

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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