Peter Schiff commented the housing data today to CNN Money. These were his most interesting remarks:
"Prices are going to continue to fall because they have to reflect economic reality." Peter Schiff to CNN Money, February 24.
"That reality includes stock prices down to their lowest level in nearly 12 years. "Where would real estate prices be if they went back to where they were 12 years ago?" Peter Schiff to CNN Money, February 24
Peter Schiff is the President and Chief Global Strategist of Euro Pacific Capital. As a result of his accurate forecasts on the U.S. stock market, economy, real estate, the mortgage meltdown, credit crunch, subprime debacle, commodities, gold and the dollar, he is becoming increasingly more renowned.
He has been quoted in many financial TV channels and newspapers like The Wall Street Journal, Barron's, Investor's Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News and appears regularly on CNBC, CNN, Fox News, Fox Business Network, and Bloomberg T.V..