Thursday, September 12, 2013

Who Believes That Inflation Is Currently Running Below 1 Percent?

"The most recent GDP projection used an annualized .07 percent inflation deflator to arrive at 1.7 percent growth. Anyone who believes that inflation is currently running below 1 percent has simply no grasp of our current economy." - in Finance Townhall

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