New Zealand Central Bank Threatens to do QE

In New Zealand there was some worries out of the New Zealand central bank. They threatened to do QE if the New Zealand Dollar (NZD) did not weaken on its own. They`re saying, "We are going to just print NZD if the market does not make them go down."

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.