Saturday, April 9, 2011

Peter Schiff on The Government shutdown April 9th 2011

Peter Schiff : ...I never believed that the government would shut down , I believed that politics will prevail over principal and that's exactly what happened , and of course as I predicted both sides are now claiming victory that this new compromise demonstrates the resolve of our leaders to make the necessary cuts so that America could live within its means and finally tackle our out of control deficit spending .....etc...

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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.