Schiff on the Dollar: This is a Phony Bounce

by | Mar 10, 2009 | Peter Schiff

Do you LOVE America?


     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


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