Friday, May 27, 2011

Peter Schiff : China prefers Portuguese debt to US debt

Peter Schiff on CNBC Fast Money 5/26/11 ?

Peter Schiff
  : ..if they do it they are going to do it by selling dollars I think it is interesting that they are gonna diversify in Portugal I mean that shows you how weak they regard the US that they rather have Portuguese debt, Ben Bernanke is the only buyer of US debt left ....

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.