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Schiff on the Dollar: This is a Phony Bounce

Mac Slavo
March 10th, 2009
SHTFplan.com
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 Peter Schiff, Art Laffer and Steve Forbes talk about Warren Buffet’s recent comments on the economic crisis and stimulus plan. (Video follows)

Peter Schiff on the dollar:

The long term trend [for the dollar] is still intact. To say the dollar is strong, it’s not as weak as it was last year, but I think it’s going a lot lower ultimately. I think this is a phony bounce. I don’t think it’s going to last.

Marc Faber recently agreed with Peter Schiff’s assessment of a lower dollar. If the dollar weakens, according to Faber, we may also see a mini-boom in the stock markets as money flows into equities.

Peter Schiff on CNBC March 9, 2009

Author: Mac Slavo
Date: March 10th, 2009
Website: www.SHTFplan.com

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 www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

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