Monday, June 30, 2014

Peter Schiff explains what ‘Cheap Money’ means

“It generally refers to a loose central bank that is creating a lot of inflation, they’re putting a lot of money out there, and because it’s so abundant, it’s cheap.”
Listener Questions 06/26/2014 Paul in Fayatteville, Arkansas What does "cheap money" mean?

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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