Wall Street Is Engaged In Spirited Debate

“Rising stock prices have combined with rising real estate prices to convince many that the economy is recovering. As a result, Wall Street is engaged in spirited debate about when the Fed will begin bringing the current era of permanent quantitative easing to an end (forgetting for now that both markets have shown their deep dependence on QE). Most agree that the QE will eventually create an economy able to stand on its own, but there is disagreement on how long it will take. The “bullish” end of the spectrum is predicting that the Fed may begin to take its foot off the accelerator by the fourth quarter of this year. The “bears” feel that sluggish data will compel the Fed to keep pouring the money on throughout 2014. They don’t understand that QE is the economy, and that any attempt to exit will be met by difficulty. The rising home prices and stock gains over the last few years are likely to vanish if the punch bowl is removed.” – an excerpt from the The Global Economic Realignment

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.

Peter Schiff : Wall Street will rediscover Gold.

Peter Schiff:"...Wall Street will rediscover gold. Traditionally Wall Street had always included gold and gold mining shares as an asset class in investment portfolios and included them in their allocation models. In addition, most equity mutual funds held gold shares, and the shares themselves were fairly represented in popular indexes, such as the Standard & Poor’s 500. However, during the 1990s this practice became passé. Gold and mining shares had performed so poorly for so long that holding them actually became an embarrassment. Today, Newmont Mining remains the sole gold stock in the S&P 500 index. The total market capitalization of all publicly traded gold stocks is actually less than the smallest (in market cap) of the 30 stocks in the Dow Jones Industrial Average. Also, with the advent of derivatives, gold lost its appeal as a hedge against bear markets or other unforeseen economic shocks. The poor performance of gold and mining shares following the 1987 stock market crash helped to solidify the view that gold no longer served its purpose as a legitimate hedge. I’m convinced, however, that this thinking is about to change, as gold, the “barbaric relic” and ultimate old economy asset, makes a comeback. Once holders of derivatives discover that the hedge value of derivatives is only as good as a counterparty’s ability to pay, gold will reclaim its former role. Gold is not simultaneously someone else’s liability; it has intrinsic value and therefore provides the ultimate insurance. Also, when the market crashed in 1987, gold was seven years into its bear market, and the fundamentals were decisively different than they are today. Back then, many investors and mutual funds still held gold shares as insurance, and they tried to cash in on those positions after the crash. As a result of all that selling, gold and gold shares plunged as well. Expecting this phenomenon to repeat itself, many potential gold buyers are watching today’s stock market from the sidelines, waiting to buy. When the stock market collapses this time, the gold price will be supported by fence-sitters looking to buy instead of a lot of owners trying to sell....... Peter Schiff in Crash Proof 2.0 - A fully updated follow-up to Peter Schiff's bestselling financial survival guide-Crash Proof, which described the U.S. economy as a house of cards on the verge of collapse, with over 80 pages of new material

The economic and monetary disaster which seasoned Wall Street prognosticator Peter Schiff predicted is no longer hypothetical-it is here today. And nobody understands what to do in this situation better than the man who saw it coming. For more than a decade, Schiff has not only observed the U.S. economy, but also helped his clients restructure their portfolios to reflect his outlook. What he sees today is a nation facing an economic storm brought on by growing federal, personal, and corporate debt; too little savings; and a declining dollar.

Peter Schiff : Wall St. Greed never got us into trouble , Capitalism did not fail

Peter Schiff : The government inflated the Housing bubble

Peter Schiff introduces himself to the Killingworth, CT Republican Town Committee on 3-11-10. Peter Schiff : The government inflated the Housing bubble , all the government is trying to do is trying to stimulate the economy somehow so that they get reelected , Wall street greed never got is into trouble , main street is greedy to , the capitalism did not fail says Peter Schiff ,Where was Bloomenthal (the democrat candidate) four years ago when I was warning about these problems all over the media , Peter Schiff added , it is impossible for the economy to get better , when the government is spending four trillions a year ? Impossible......Finally Peter Schiff explains that he is against the National ID card ...

Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch .
Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse