Friday, April 18, 2014

Economic Growth brings Lower Prices

“A productive economy lowers prices. Lower prices are the result of economic growth. And if prices aren’t falling the way they’re supposed to, if consumers are denied the benefit of falling prices because governments have created inflation and stolen that benefit away from them, you can’t say there’s no inflation.” - in CNBC

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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