Schiff talks about the chinese stock market and its potential. He is looking for pure plays on China and on Asia.
Schiff on the US stock market:
"I own some of these names (Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), US Steel (X)) but the valuations are higher in the US (compared to China and Asia) and I am very afraid of the Obama Administration and Congress and what kind of punitive taxes and regulations might come on these companies"
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.