"For the sake of long-term economic health, Americans needed to clear the inventory of unsold homes and pay down auto debt by staying in their old cars longer. That did not happen. Instead we just got back on the merry-go-round."
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.