Saturday, February 22, 2014

U.S. Economy Outlook For 2014

If the Federal Reserve continues with its taper timetable we will be back in recession. Now, I don`t believe they will continue, I think they will come back with more stimulus which might technically and statistically keep the economy out of a recession. But in reality, I think we are in a depression. I don`t think the U.S. Economy is growing at all. 

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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