People Are Starving For Yield

Will all this cheap money, because Central Banks have got interest rates too low, people are starving for yield even if it means lending money to Greece. But if this was a free market, if there was no moral hazard, if there was no government bailouts, Greece would not have a chance of borrowing this money, which would be good for Greece because going deeper into debt is not the solution to their problems, its compounding their problem.



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.