Monday, May 27, 2013

This Rally Has Been Based on a “Fantasy,” Says Peter Schiff

Peter Schiff : "I think Wall Street has been trying to convince itself that despite the data, the U.S. economy is actually recovering,” . “And I think over the last several weeks so many data points have come in to disappoint this fantasy of an economic recovery, that I think maybe it’s finally starting to set in.” - in Yahoo Finance Peter Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies