Thursday, April 24, 2014

The Fed knows that the US Economy is not recovering

“The Fed knows that the US economy is not recovering. It simply is being kept from collapse by artificially low-interest rates and quantitative easing (QE). As that support goes, the economy will implode.” - in Live Trading News

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.

No comments:

Post a Comment

Popular Posts This Month