Monday, June 9, 2014

Peter Schiff : Sweden Considering Advice From Krugman

Step 1) The government and the Fed screw up the economy.
Step 2) The liberals blame the free market.
Step 3) The government and the Fed intervene even more to fix the economy.
Step 4) The economy gets worse over time.
Step 5) If, at any point the economy starts to balance out, repeat from Step 1.

It's the circle of socialism, and I want off this ridiculous merry go round.

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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