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Upcoming Crash Will Be ‘Worse Than 2008’ Says Economist Peter Schiff

 
Anonymous Coward
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08/02/2012 02:44 PM
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Upcoming Crash Will Be ‘Worse Than 2008’ Says Economist Peter Schiff
Peter Schiff, the CEO of Euro Pacific Capital, says the stock market collapse we experienced in 2008 “wasn’t the real crash. The real crash is coming.”

He says that Federal stimulus, or quantitative easing, never works and that it just makes the economy sicker in the end. “The reason we are so screwed up is all this quantitative easing is toxic. I don’t doubt that we are going to pressure Germany into printing. We are like the kid who is trying to get a friend to ditch school with us to go to the beach. We are a bad influence on everybody.”

Read more: New Crash will be worse than 2008 says economist
[link to www.moneynews.com]
DanG
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08/02/2012 02:45 PM
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Re: Upcoming Crash Will Be ‘Worse Than 2008’ Says Economist Peter Schiff

D U H

Anonymous Coward
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08/02/2012 02:52 PM
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Re: Upcoming Crash Will Be ‘Worse Than 2008’ Says Economist Peter Schiff
No shit, sherlock.
Anonymous Coward
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08/02/2012 02:53 PM
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Re: Upcoming Crash Will Be ‘Worse Than 2008’ Says Economist Peter Schiff
September 2012
Anonymous Coward
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08/02/2012 02:55 PM
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Re: Upcoming Crash Will Be ‘Worse Than 2008’ Says Economist Peter Schiff
Peter Schiff, the CEO of Euro Pacific Capital, says the stock market collapse we experienced in 2008 “wasn’t the real crash. The real crash is coming.”

He says that Federal stimulus, or quantitative easing, never works and that it just makes the economy sicker in the end. “The reason we are so screwed up is all this quantitative easing is toxic. I don’t doubt that we are going to pressure Germany into printing. We are like the kid who is trying to get a friend to ditch school with us to go to the beach. We are a bad influence on everybody.”

Read more: New Crash will be worse than 2008 says economist
[link to www.moneynews.com]
 Quoting: Oyster


Going to the beach is time much better spend than sitting in school learning bullsh*t.
Anonymous Coward
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08/02/2012 02:57 PM
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Re: Upcoming Crash Will Be ‘Worse Than 2008’ Says Economist Peter Schiff
Steve ????

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