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    Peter Schiff says that booming stocks markets are not a reason to be optimistic

    Mac Slavo
    August 4th, 2009
    Read by 103 people

    Euro Pacific Capital CEO Peter Schiff in his daily video blog discusses the global market rally, the end of the recession, and the real economy.

    The Dollar made a new low today for the move. It closed with a 78 handle. This is the lowest its been since September of last year. It’s the lowest, certainly, of this calendar year. And, as the markets are rising, people are assuming that this indicative of the problems being largely behind us, that the recession is coming to an end, and that this is reason to be optimistic about the US economy. This is not the case at all.

    I find this to be the case in my day to day discussions with friends and family. “The stock market is doing great,” is what I  hear everyone saying. And they assume the stock markets and the economy are one in the same. Readers of SHTF Plan and web sites in our blog roll know better.

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    Author: Mac Slavo
    Views: Read by 103 people
    Date: August 4th, 2009

    Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to Please contact us for permission to reproduce this content in other media formats.


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