June 7, 2010

There Is No Recovery

I don`t know when people are going to figure out that there is no recovery. I have been talking about this for a long time. GDP is growing, but that is not because the economy is growing. That is because we are going deeper into debt. We are borrowing money to grow the government.

in videoblog, June 5

related ETF`s: SPDR S&P 500 ETF (Public, NYSE:SPY) and ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS)

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.