Monday, September 9, 2013

Eventually You Are Going To See A Real Attack On The Dollar

"Eventually you are going to see a real attack on the dollar and on the US treasury market and the Federal Reserve`s ability to maintain artificially low interest rates without destroying the dollar. I mean, we are going to come to that point. It`s not there yet and I think one of the reasons is Ben Bernanke had to do some damage control as far as talking back tightening because he is already very nervous about the reaction that he did not anticipate in the bond market and how it is going to affect mortgage rates and the housing bubble that he is trying to reflate." - in CNBC

Related stocks and ETFs: Financial Select Sector SPDR (XLF), Bank Of America (BAC), JP Morgan (JPM), SPDR SP 500 Index ETF (SPY), iShares Barclays 20+ Yr Treasury Bond ETF (TLT), iShares Lehman 7-10 Yr Treas. Bond ETF (IEF)

Peter David 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