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Monday, February 20, 2012

Peter Schiff : The Real Crash is actually in our future

Peter Schiff : The Real Crash is actually in our future

Peter Schiff : The Real Crash is actually in our future it is not in our past a lot of people think that we dodged the bullet that we had a crisis in 08 and that we have been saved government stimulus the FED the bailouts that the US economy is recovering my point is that there is no recovery it is an illusion that a much greater collapse is waiting in the wings precisely because of what the government did , the government did everything wrong they helped to create the housing bubble they created the financing crisis but all of their cures actually made the fundamental problems worse and I think we have another big leg down coming soon .....

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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.