Sunday, March 23, 2014

Asset Bubbles Reflation

"All Janet Yellen and Ben Bernanke have succeeded in doing is reflating the bubbles in the real estate market. But that adds to our structural problems. It doesn't solve them. You know, these mal-investments are inhibiting legitimate economic growth. Temporarily it feels good, but we have seen these movies before." - in Grabien

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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