Tuesday, September 24, 2013

GDP: The Controversial New Methodology

"That's not investment, that's spending. If you pay Tom Cruise $20 million to star in a movie, that isn't the same as using $20 million to build a factory, but now it is." - in Yahoo Finance 

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